History
The discovery of the gas field was announced on 2 November 2006. Late Turkmen president Saparmurat Niyazov invited Chinese CNPC and Turkish Çalik Enerji to participate in the exploration and development of the Ýolöten field. In 2008, the gas field was audited by Gaffney, Cline & Associates. According to Gaffney, Cline and Associates (GCA), Yolotan is five times larger than Dauletabad and fourth or fifth largest gas field in the world.
In December 2009, the contracts to develop the field were awarded to CNPC, South Korea's LG International and Hyundai Engineering and the UAE's Petrofac Emirates. While CNPC and Petrofac Emirates will be responsible for gas production, a consortium of LG International and Hyundai Engineering will build a gas processing plant by the third quarter of 2012.
Read more about this topic: Iolotan Gas Field
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“This above all makes history useful and desirable: it unfolds before our eyes a glorious record of exemplary actions.”
—Titus Livius (Livy)
“Modern Western thought will pass into history and be incorporated in it, will have its influence and its place, just as our body will pass into the composition of grass, of sheep, of cutlets, and of men. We do not like that kind of immortality, but what is to be done about it?”
—Alexander Herzen (1812–1870)
“To care for the quarrels of the past, to identify oneself passionately with a cause that became, politically speaking, a losing cause with the birth of the modern world, is to experience a kind of straining against reality, a rebellious nonconformity that, again, is rare in America, where children are instructed in the virtues of the system they live under, as though history had achieved a happy ending in American civics.”
—Mary McCarthy (1912–1989)