ASHGABAT, Turkmenistan (AP) — Turkmenistan, which holds the world’s fourth-largest natural gas reserves that are the base of its economy, has abolished two of the primary government agencies responsible for the sector.
The government newspaper Neutral Turkmenistan on Saturday said President Gurbanguly Berdymukhamedov had ordered the disbanding of the Ministry of Oil and Gas and the State Agency For Managing Hydrocarbon Resources.
The report said the move is aimed at improving management of the sector. But it could also reflect budget concerns amid low world prices for gas. Turkmenistan depends on gas exports for about one-third of its GDP.
Turkmenistan is the prime mover in the effort to build a gas pipeline that will serve Afghanistan, India and Pakistan.
Most Read Stories
- Seattle’s income tax on the wealthy is illegal, judge rules
- Analysis: Five reasons the Seahawks waived Dwight Freeney WATCH
- Retired Alabama cop on Roy Moore: ‘We were also told to ... make sure that he didn’t hang around the cheerleaders’
- Jobs that pay without a B.A.: the most lucrative fields in Washington state
- A Washington syrah was named second best wine in the world