News

Oil becomes cheaper on data on the growth of reserves in the USA

World oil prices are falling on Wednesday morning after the release of the American Petroleum Institute (API) data on the unexpected growth of reserves of raw materials in the United States, RIA Novosti reported, citing trading data. The cost of July futures for the North sea oil mixture of Brent decreased by 0.31% to 78.19 dollars...

Консорциум «Хазар» объявляет тендер:

June futures for Brent crude oil increased by 6 cents to $78.29 per barrel by 7:58 GMT on May 15. This is evidenced by the auction. Quotes of the June contract for WTI oil added 2 cents and amounted to $ 70,98 per barrel. On May 14, oil prices, which were declining at the beginning of trading,...

Pakistan will proceed to the laying of the TAPI pipeline in the nearest future

Welding of the first joints on the 819-kilometer segment of Pakistan's transnational gas pipeline Turkmenistan-Afghanistan-Pakistan-India may take place in the next couple of months. As Media TURKMEN ORIENT news Agency noted, this was reported by Pakistan's leading newspaper Dawn with reference to high-ranking officials from the company Inter State Gas Systems (ISGS) participating in the...

Oil prices are falling: Brent- $76.70 per barrel, WTI - $70.46

On Monday, May 14, June futures for Brent oil decreased by 42 cents (0.5%) - to $76.70 per barrel by 7:40 GMT. This is evidenced by the auction. Quotes June oil contract WTI decreased by 24 cents (0.3%) and amounted to $70.46 per barrel, "Finmarket" reports. According to the results of trading on May 11, the price...

The products of oil refineries are in the top of stock trading

Last week, 48 transactions were registered at the auction of the State commodity and raw materials exchange of Turkmenistan. For foreign currency businessmen from Russia, Great Britain, the United Arab Emirates, Afghanistan and others purchased aviation kerosene, liquefied gas, polypropylene, hydrocidone diesel fuel produced at the Turkmenbashi complex of oil refineries. Gasoline produced at the Seidi...

Convention on the status of the Caspian sea may be signed in August

The Convention on the status of the Caspian sea can be signed in August 2018 at the summit of the Caspian States in Astana, Deputy foreign Minister Grigory Karasin said, INTERFAX-AZERBAIJAN reports. "There is a very intensive work at the expert level. We want the planned summit of the Caspian States in Astana in August to...

Turkmenistan occupies a key position in the EU Strategy for Central Asia

Turkmenistan plays an important role in the EU's overall relations with the Central Asian region and occupies a significant place in the European Strategy for a new partnership with Central Asia. According to the news Agency media-TURKMEN ORIENT, this was stated by the head of the EU contact office in Ashgabat Lubomir Frebort in his...

Experts of Bank of America predict growth of oil prices to $100 per barrel

Oil prices may rise next year to close to $100 per barrel if the situation in exporting countries - Venezuela and Iran - leads to disruption of supplies to world markets. This, according to TASS, was reported by Bloomberg news Agency, citing the forecast of analysts of Bank of America Corp. According to their estimates, Brent...

Uzbekistan will participate in the financing of the TAPI project

Uzbekistan will allocate funds for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) project. This was stated by Director General of the Association of banks of Uzbekistan Bakhtiyor Khamidov, RIA Novosti reported. Khamidov also said that Turkmenistan and Uzbekistan plan to jointly implement other projects in various spheres, many of which were initiated by the Turkmen side. As reported, on April 23-24,...

Oil prices go up: Brent - $ 77,77 per barrel, WTI - $71,71

The price of July futures on Brent on the London ICE Futures exchange rose by 8:01 GMT on may 10 by $0.56 (0.73%), to $77.77 per barrel. This is evidenced by the auction. May 9 contracts increased in price to $2.36 in (3,15%) - to $at 77.21 per barrel. The price of the WTI futures for June...

OPEC+ is no longer focused on the reduction of oil

The reduction of oil reserves to the five-year average is no longer the goal of OPEC+. This was stated by the Minister of energy of Saudi Arabia Khaled al Faleh, according to the Russian Agency ANI. The OPEC + Ministerial monitoring Committee is considering new criteria for measuring the effectiveness of a transaction. The initial benchmark...

The results of the competition for the best publicistic article were summed up

Today, in the building of the research Institute of natural gas of the state concern "Turkmengas", a solemn ceremony of awarding the winners of the contest "Science - the engine of progress" for the best scientific and popular article on the oil and gas topic was held. The competition was announced By the state concerns...

We pay tribute to the heroes who gave their lives for our happiness, we honor the memory of rear workers, -Gurbanguly Berdymuhamedov

- I cordially congratulate you on the Victory Day in the Great Patriotic war of 1941-1945, a significant date that has taken a special place in world history, - is told in the President Gurbanguly Berdimuhamedov's address to the people of Turkmenistan. “Victory day expresses mankind's desire for peace, friendship, humanity, unity and cohesion of the...

2014