News

Saudi Arabia has proposed to increase OPEC production by 600-800 thousand barrels

Saudi Arabia proposes to increase the collective oil production of OPEC + participants by 600-800 thousand barrels per day. This issue has yet to be discussed with Russia. The proposal is not final, but it is the basis for discussing the issue of production between the parties to the OPEC and non-OPEC agreement on June 23...

UNDP and External Exonomic Bank of Turkmenistan are working to increase the country's access to international funding - MFA

In connection with the nationalization of the sustainable development goals (SDG) in Turkmenistan, the United Nations development Programme (UNDP) and the state Bank for foreign economic Affairs of Turkmenistan are working to increase Turkmenistan's access to international financing and to improve the effectiveness of national capacity to implement and manage such sources of financing. This...

Gurbanguly Berdimuhamedov and Abdullah Abdullah discussed prospects of Turkmen-Afghan cooperation

President of Turkmenistan Gurbanguly Berdimuhamedov, who arrived in Dushanbe today to participate in the high-level conference "Water for sustainable development", met with the head of the Executive power of Afghanistan Abdullah Abdullah. Referring to the agenda of the current forum, Abdullah Abdullah noted the relevance of the international initiatives put forward by President Gurbanguly Berdimuhamedov aimed...

The TAPI gas pipeline will become a powerful basis for achieving Sustainable development goals in the region, - the President of Turkmenistan

The issues of financing of large infrastructure projects in the Central Asian region are discussed during the international conference on financing for sustainable development goals (sdgs), which is held on June 20-21 in Ashgabat by the State Bank for foreign economic activity of Turkmenistan together with the UN Development Program (UNDP).  The forum is attended by...

OSCE holds training workshop for journalists in Turkmenistan

On June 19-22, in Ashgabat, Yildiz hotel hosts a training course "Summer school of a young reporter", organized by the OSCE Center in Ashgabat. The training is attended by about 30 journalists representing national broadcasting, print and online media from different regions of the country, as well as teachers of journalism from higher educational institutions...

The world oil market is approaching equilibrium, - President of OPEC

The world oil market is increasingly approaching balance, said Monday the current President of OPEC, Minister of energy and industry of the UAE Suhail al-Mazroui, RIA Novosti reported. According to him, which is reported by the Emirate news Agency WAM, this issue will become Central at the next OPEC meeting, which will be held on June...

Scientific and practical conference was held at the Institute of natural gas

Scientific and practical conference "Scientific progress in the oil and gas industry in the era of Power and Happiness" was held in the conference hall of the scientific research Institute of natural gas of the State concern "Turkmengas" on the occasion of the day of science. The conference was attended by managers and employees of...

Oil prices are falling: Brent- $ 72.61 per barrel, WTI - $63.77

August Brent futures on the London stock exchange ICE Futures fell by $0.83 (1.13%) to $72.61 per barrel on June 18 to 8:05 GMT. This is evidenced by the auction data. WTI crude oil with delivery in July at the electronic trading of the New York commodity exchange (NYMEX) on Monday morning fell by $1.29 (1.98%),...

G20 announced the key role of gas in the transition to renewable energy

Natural gas will play a key role in the process of reducing harmful emissions and switching to renewable energy sources. This was stated in the communiqué of the G20 energy Ministers following their meeting in Argentina. "We recognize that natural gas plays a key role in the energy supply in many of the G20 countries, and...

In the top of the stock trading last week - oil refining products and carbamide

Last week, at the trading of the State commodity exchange of Turkmenistan 28 transactions were registered. The products of the domestic petrochemical industry-motor gasoline, diesel fuel, polypropylene produced at the Turkmenbashi complex of oil refineries, heavy vacuum gas oil and oil road bitumen produced at the Seidi refinery, as well as carbamide of the "B" brand...

Scientific research Institute of natural gas of "Turkmengas" group has developed a formula to increase the profitability of gas condensate deposits development

Researcher, research Institute of natural gas, State Concern "Turkmengas", candidate of economic Sciences, Rejep Kakabaev has developed a technique of definition of efficiency of development of deposits and additional possibilities of increasing the production of oil and gas in the areas of long-term operation. The new method was tested in the analysis of the Deposit and...

The EU welcomes the intentions of potential suppliers to join the SGC, - Shefchovich

The European Union (EU) welcomes the interest of additional potential suppliers to join the project "Southern gas corridor", which provides for the transportation of Azerbaijani gas to Europe, said Trend Vice-President of the European Commission for the energy Union Marosh Shefchovich. "We believe that the source of the southern gas corridor is not limited to the...

Oil prices are falling: Brent - $ 75.63 per barrel, WTI - $66.02

August Brent crude oil futures fell by 25 cents (0.3%) to $75.63 per barrel by 7:47 GMT on June 13. This is evidenced by the auction data. Quotes of the July contract for WTI oil decreased by 34 cents (0.5%) and amounted to $66.02 per barrel, Finmarket reports. As a result of trading on June 12,...

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