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Tuesday, 02 December, 2008, 02:20 GMT | more >>

Tethys eyes Tajikistan campaign



By Upstream staff 

Tethys Petroleum, an independent upstream energy company with a focus on Central Asia, will invest $8 million in tapping four gas fields in Tajikistan, chief executive David Robson said today.

Robson said his company planned to sign a production-sharing deal with the country on Friday to develop and produce gas at the fields which were discovered in Soviet times.

"We hope to find big deposits of gas like in Turkmenistan," he said. "We are getting very strong support from the government."

Tethys is also developing the Kyzyloi gas field on the western shore of the Aral Sea in Kazakhstan. It plans to pump gas through a 55-kilometre pipeline into the Bukhara-Ural gas trunk line, which runs northward to Russia, Reuters reported.


Thursday, 01 November, 2007, 17:09 GMT  | last updated: Thursday, 01 November, 2007, 17:09 GMT

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