News

Turkmenbashi oil refinery increased its production by 24 percent in January-May

The production at the Turkmenbashi complex of oil refineries (TCOR) in January-May 2018 increased by 24% compared to the same period last year, news Agency MEDIA-TURKMEN ORIENT. Currently, TCOR is the main producer of Turkmen products with high added value. The increase in its development indicates the successful implementation of state programs to increase the production...

The President of Turkmenistan appointed Deputy chairmen Of State corporations "Turkmengas" and “Turkmenneft”

President of Turkmenistan Gurbanguly Berdimuhamedov signed resolutions on appointment of the Deputy Chairman of "Turkmengas" and "Turkmenneft"concerns. Thus, in accordance with the regulations of Muhammetmuradov Yazmyrat Muhammetkarimovich appointed Deputy Chairman of the State Concern "Turkmengas" and Kurenov Orazmyrat Orazmammedovich appointed Deputy Chairman of the SC "Turkmenneft"....

Head Of «Kawasaki Heavy Industries Ltd.» reported on the construction of a plant for the production of gasoline from natural gas

President of Turkmenistan Gurbanguly Berdimuhamedov met the President of “Kawasaki Heavy Industries Ltd.” on the energy system and factory development of Tatsuya Watanabe. During the meeting, the businessman noted the great interest of the Japanese business community in building cooperation with Turkmenistan. In his turn, President Gurbanguly Berdimuhamedov noted the productive nature of cooperation between Turkmenistan and...

Brent oil becomes cheaper by 1.7% after OPEC+ agreements

World oil prices in the morning of June 25 decline. Brent oil loses 1.7% in price amid expectations of increasing raw material production. At 7:12 GMT, the cost of September futures for the North sea oil mixture of Brent decreased by 1.71% to 74.03 dollars per barrel. Earlier in the course of trading, the price of...

The SC “Turkmengas” will take part in oil and gas forum "ADIPEC-2018" in Abu Dhabi

The State concern "Turkmengas" will take part in the international oil and gas exhibition and conference "ADIPEC-2018", which will be held on November 12-15, 2018 in the capital of the UAE - Abu Dhabi. Vice-chairman of the Cabinet of Ministers of Turkmenistan Myratgeldi Meredov reported on the preparations for participation in the upcoming events at...

In the top of stock trading-products are fuel and energy production, sheet glass, Portland cement, yarn

Last week, 28 transactions were registered at the trading of the State commodity exchange of Turkmenistan. For foreign currency businessmen from the United Arab Emirates and Afghanistan bought produced at the Turkmenbashi complex of oil refineries, motor gasoline and technical sulfur (SC "Turkmengas"). In addition for foreign currency, Portland cement, colorless sheet glass, cotton yarn were realized....

Ecologists approved the Trans-Caspian gas pipeline

An important point in the implementation of the project of export of Turkmen natural gas to Europe through the Caspian sea was the study confirming the environmental safety of the pipeline on the seabed. This was stated to journalists by the energy adviser of the EU delegation to Azerbaijan Eric Somelar, media news Agency-Turkmen ORIENT...

Oil prices rise: Brent - $73.88 per barrel, WTI - $66.35

The price of August futures on Brent on the London stock exchange ICE Futures by 8:00 GMT on June 22 increased by $0.83 (1.14%) to $73.88 per barrel. On Thursday, the contracts fell in price by $1.69 (2.26%) to $73.05 per barrel. The price of WTI futures for July on the electronic trading of the New...

OPEC+ committee recommended to increase production by 1 million barrels per day

The OPEC+ monitoring committee recommended the organization and non-member countries to increase oil production by 1 million barrels per day. This was reported in Vienna by the head of the Russian Ministry of energy Alexander Novak. The Minister also added that the recommendation contains special positions for some countries. "There will be a recommendation from OPEC and...

The Presidents of Turkmenistan and Pakistan discussed the opportunities of partnership activation

President of Turkmenistan Gurbanguly Berdimuhamedov and President of Pakistan Mamnun Hussain held a meeting in Dushanbe within the framework of participation in the forum "Water for sustainable development", held yesterday in the capital of Tajikistan. This is reported by the state news Agency of Turkmenistan. During the conversation, the parties highly appreciated the dynamics of the...

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...

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