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Turkmenistan to invest $10 billion in Kiyanly Petrochemicals Project

Turkmengas to export PE – PP from Kyyanly Complex

The national oil and gas company Turkmengas State Concern (Turkmengas) is planning to invest $10 billion capital expenditure in a greenfield world-scale petrochemical complex at Kyyanly, also spelled Kiyanly, on East Coast of the Caspian Sea.

Located in front Azerbaijan around the Caspian Sea and squeezed between Iran on the south and Uzbekistan – Kazakhstan in the north, Turkmenistan is ranked as the sixth largest country in the world by natural gas reserves.

Turkmenistan_Kyyanly_Ethylene_Complexe_Project_Map In 2011 Turkmenistan revised by threefold its natural gas reserves from 94 trillion cubic feet (tcf) to 265 tcf after the appraisal of several gas fields appearing among the world largest gas fields identified so far.

The Gelkynish gas field is estimated to contain 26.2 tcf of gas on its own, becoming the world second largest gas field.

In addition to Gelkynish, Turkmenistan counts 9 other fields holding more than 3.5 tcf reserves of gas.

In crude oil, Turkmenistan declared 600 million barrels of proven reserves with a production running around 244,000 barrels per day (b/d).

From his huge natural gas reserves, Turkmenistan produced only 2.3 tcf in 2011 and still suffers from limited transportation pipelines infrastructure to export to China, Russia and Iran only.

In this context the Government is working on programs to ramp up the oil and gas production and to optimize the monetization of these resources.

Considering that the gas prices in Europe and Asia are more likely to depress than stabilizing or increasing, Turkmenistan cannot rely only on exporting crude oil and natural gas to sustain its economical development.

Therefore the development of the downstream sector is critical for this country of 5 million inhabitants.

Japan and Korea to provide Kiyanly technologies

In 2012 the Turkmen Government selected Kiyanly seaside to set up a world-scale petrochemical complex and opened discussions with Japan and South Korea to provide financing and technologies.

Turkmenistan_Kiyanly_Polyethylene-Polypropylene_ProjectIn September 2013, a financial cooperation agreement was signed to support the Kyyanly Petrochemical  project between the Turkmen State Bank for Foreign Economic Affairs and the Japanese Bank for International Cooperation (JBIC).

Due to mobilize $10 billion capital expenditure, this Kiyanly Petrochemical complex will be developed in multiple phases up from the first building blocks to a wide spread of chemical specialties until 2030.

Meanwhile the Turkmen Government finalized the financing of the project, it signed partnerships with Japanese and South Korean companies to provide the license and the engineering expertise to design and build the multiple production units that will phase up the Kyyanly Petrochemical Complex on the Caspian Sea.

With 5 billion cubic meters per year natural raw gas supplied from the adjacent existing Petronas gas processing plant, Turkmengas is planning to build at Kiyanly:

 – Gas separation unit (GSU)

 – Ethane cracker

Turkmenistan_Kiyanly_Petrochemical_Project – Polyethylene (PE) unit

 – Polypropylene (PP) unit

 – Offsites and Utilities

 – Sulfate natrium and detergents plant

 – Nitrogen fertilizers with urea and ammonia plants

 – Gasoline plant

 – Liquid fuels plant

 – Sulfuric acid unit to develop phosphate fertilizer in Turkmenabat

To design and build these different chemical production units, the Japanese and South Korean companies established multiple consortia.

Turkmengas Kiyanly ethylene cracker is designed to produce:

 – 386,000 tonnes per year (t/y) of high density polyethylene (HDPE)

 – 81,000 t/y of polypropylene (PP)

After signing the financing agreement and setting the main licences and engineering partnerships with Japanese and South Korean consortia, Turkmengas is willing to proceed on fast track to build the first phases of the Kyyanly seaside petrochemical complex in Turkmenistan.

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

1 Comment to “Turkmenistan to invest $10 billion in Kiyanly Petrochemicals Project”

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