News

In the top of exchange trading – oil products, building materials and textiles

58 transactions were registered at the trades of the State commodity exchange of Turkmenistan last week. For foreign currency, entrepreneurs from the UK, UAE, Switzerland, Turkey, Afghanistan, Estonia, Kyrgyzstan purchased low-sulfur fuel oil, hydrotreated diesel fuel, base oil, diesel fuel, gasoline produced at the Turkmenbashi complex of oil refineries. Businessmen from Afghanistan bought diesel fuel produced at...

Oil rises in price: Brent - $64.98 per barrel, WTI - $54.72

World prices for oil are rising, prices for Brent oil are in the region of the maximum since the fall of 2018 against the background of decreasing demand for OPEC countries, the available data of traders. As of 7.44 Moscow time, the price of April futures for North Sea Brent crude oil mixture rose by 0.63%...

The price of oil without a deal OPEC+ could fall to $25 per barrel

The price of oil without OPEC+ deals could fall to $ 25 per barrel. This was announced by the Minister of Energy of the Russian Federation Alexander Novak during the Russian Investment Forum in Sochi. “Overproduction would be large enough (without an OPEC+ transaction - ed.), the reserves would grow significantly and exceed the average five-year...

Azerbaijan ratified a number of documents with Turkmenistan

A number of Azerbaijani-Turkmen documents were discussed at the plenary session of the National Parliament of Azerbaijan on February 12, Trend reports. Deputies discussed the Joint Declaration of the Presidents of Azerbaijan and Turkmenistan, the Agreement "On the simplification of the visa regime for participants of international transport carried out with the crossing of the territories...

President: the introduction of digital technologies in the fuel and energy sector opens up new prospects for the development of the oil and gas industry

One of the priority areas of sectoral research institutions should be the development of recommendations for the innovative development of the oil and gas industry, including digital well projects and fields. The urgency of this task was stated by President Gurbanguly Berdimuhamedov at a government meeting held last Friday. The head of state focused on the...

Petronas intends to further develop partnership in the fuel and energy sector of Turkmenistan

The possibilities for further development of cooperation were discussed at a meeting in the administrative building of the oil and gas complex of Turkmenistan with a delegation of the international company Petronas (Malaysia), headed by the Vice-President and Chief Executive Officer Datuk Mohd Anuar Bin Taib. Petronas Carigali (Turkmenistan) SBN BHD has been operating in our...

Oil products were leading at the exchange session

Last week, 17 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan. Entrepreneurs from Panama purchased straight-run gasoline from the Seydi oil refinery for foreign currency. In addition, representatives of business circles of Russia, the United Arab Emirates, Turkey, Ukraine, and Uzbekistan purchased plain glass, Portland cement, and cotton yarn. The total...

The exposition of the SC “Turkmengas” acquaints the world community with the main directions of the energy policy of the country

On February 10, the International Oil and Gas Conference and Exhibition PetroTech-2019, organized by India’s leading oil and natural gas company, ONGC, the Federation of Indian Petroleum Industry (FIPI), with the official support of the Ministry of Petroleum and Natural Resources, began its work in the capital of India. To participate in the forum on...

Oil becomes cheaper: Brent - $61.2 per barrel, WTI - $52.21

World oil prices in the morning of February 8 are falling amid worsening concerns over the prospects for trade relations between the two largest world economies - the United States and China. This is evidenced by the data of the auction.   At 7.42 Moscow time, the price of April futures for North Sea Brent crude oil...

Foreign Ministers of Turkmenistan and the Russian Federation discussed prospects for the development of bilateral relations

Topical issues of bilateral strategic cooperation in the political-diplomatic, trade, economic, cultural and humanitarian areas were discussed during the talks in Ashgabat by the heads of foreign ministries of Turkmenistan and the Russian Federation, the website of the Foreign Ministry of Turkmenistan reports. During the talks, the Minister of Foreign Affairs of Turkmenistan, Rashid Meredov, and...

Turkmenistan began preparations for the First Caspian Economic Forum

Detailed preparation for holding the First Caspian Economic Forum, which will be held on August 12, 2019 in the Avaza national tourist zone, has begun in Turkmenistan. Organizational and analytical work is concentrated in the Coordination Center of the Ministry of Foreign Affairs of Turkmenistan, the website of the Foreign Ministry reports. The first such forum...

President of Turkmenistan outlined key tasks for the head corps in 2019

Gurbanguly Berdimuhamedov outlined the key tasks for the leaders of the government of Turkmenistan in 2019, speaking Friday at an expanded meeting of the government, which summarized the country's socio-economic development in 2018 and identified future plans. The President instructed the heads of the financial and economic complex to take under special control the implementation of...

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