News

Oil rises in price: Brent - $62,87 for barrel, WTI - $57,59

February futures for Brent crude oil by 8:13 Moscow time on December 1 grew up on 24 cents (0,38%) - up to $62,87 for barrel. The quotations of the January contract for WTI crude oil rose in price for 19 cents (0,333%) and made $57,59 for barrel, the Russian AOI agency transfers. Oil rises in price after...

The transaction of OPEC+ has been prolonged until the end of 2018

Ministers of member countries of OPEC agreed on November 30 to extend the agreement on reducing oil extraction until the end of 2018. The Oil and Gas Minister of Oman Muhammad Hamad al-Rumkhi reported about it to journalists. At the end of 2016 the countries of OPEC and a number of the states which are not entering into...

The president of Turkmenistan and the secretary-General of the OSCE discussed the prospects of cooperation in the energy sector

Prospects further development of long-term cooperation between Turkmenistan and the OSCE discussed at a meeting of the president of Gurbanguly  Berdimuhamedov with the secretary-General of this organization Thomas Greminger, arrived in our country to participate in 28-th session of the Conference International Energy Charter. Stressing interest OSCE in strengthening traditional partnership with Turkmenistan, guest noted active...

Sustainable energy development – the center of attention of the Energy Charter Conference

November 29 2017 at the hotel "Oguzkent" continued its work 28th session of the Energy Charter Conference under the theme "Mobilizing investment for sustainable future energy and the diversification of routes of transportation". The Ministerial part of the session served as a platform for decision makers at the highest level, and heads of energy companies for...

In the capital of Turkmenistan the 28th session of the Conference of the International Energy Charter opened

In Ashgabat on November 28, 2017 in the building of Oguzkent hotel the 28th session of the Conference of the International Energy Charter began its work . The conference is held within chairmanship of Turkmenistan in this organization. Heads and representatives of the profile ministries and departments from 49 State Parties and the countries observers, 12 international and...

The Saudi Fund of Development will finance the purchase of pipes for the construction of TAPI

Vnesheconombank Turkmenistan signed a financing agreement with the Saudi development Fund for the purchase of gas pipes designed for the construction of the Turkmen section of the Turkmenistan-Afghanistan-Pakistan-India (TAPI). This was reported on the website of Vnesheconombank of the country. As previously reported, the construction of the Turkmen stretch of 214 km TAPI gas pipeline leads...

Turkmenistan and Romania intend to intensify cooperation in the oil and gas sector

The possibility of building mutually beneficial partnerships discussed at the regular meeting of the Turkmen-Romanian working Commission on cooperation in the energy, which was held yesterday in the building of oil and gas complex of Turkmenistan. To participate in the business meeting in the capital there has arrived delegation of representatives of the Ministry of...

Russia will offer the UAE technology of shelf hydrocarbon production

Abu Dhabi. Russia is ready to offer the United Arab Emirates unique technology of hydrocarbon production on the shelf. It was said at opening of the Russian-Emirates business forum by the Minister of Industry and Trade of the Russian Federation Denis Manturov, the Russian AOI news agency reports. "We pay much attention to projects of geological...

Oil loses in price a little: Brent - $63,83 for barrel, WTI - $58,69

January futures for Brent crude oil by 8:07 Moscow time on November 27 sank on 3 cents (0,05%) - up to $63,83 for barrel. The quotations of the January contract for WTI crude oil decreased by 8:08 Moscow time by 26 cents (0,44%) and made $58,69 for barrel, AOI reports. On November 24 Brent oil poorly...

The OPEC and Russia agreed about prolongation of the transaction about reducing production

Russia supports prolongation of the transaction of OPEC+ on reducing oil production after March, 2018, different options are considered. The Minister of Energy of the Russian Federation Alexander Novak reported about it. During the gas forum in Bolivia the head of energy department summed up the preliminary results of operation of the agreement on reducing oil...

Financial news of the last week

Last week at the biddings of the State commodity and raw exchange of Turkmenistan 52 transactions were registered. For foreign currency entrepreneurs from UK, UAE, Switzerland and Afghanistan purchased hydro-purified diesel fuel and furnace oil made at the Turkmenbashi complex of oil refineries. In addition for foreign currency products of the textile industry in assortment, extract of a...

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