News Archive (2020-5-19)

The President of Turkmenistan instructed to send all currency received from exports to the Stabilization Fund

Due to the difficult situation in the global economy that has developed during the pandemic, the current procedure for foreign exchange operations will be reviewed as a temporary measure in Turkmenistan. President Gurbanguly Berdimuhamedov gave the corresponding order to G. Mushshikov, Deputy Prime Minister for Economics, at a government meeting held on Friday by videoconference. “At...

In Turkmenistan 20 exchange transactions were registered, including the purchase of polyethylene produced by SC “Turkmengas”

Last week, 20 transactions were registered at the biddings of the State Commodity and Raw Materials Exchange of Turkmenistan. For foreign currency, entrepreneurs from Azerbaijan, Turkey, Georgia and Kyrgyzstan purchased cotton yarn, and representatives of the Russian business community bought dyed terry products. The total amount of transactions amounted to about 480 thousand US dollars. For manat...

SC “Turkmengas” in partnership with “Turkmen Petroleum Products Trade DMCC” will increase gas production at the Dovletabad field

President of Turkmenistan Gurbanguly Berdimuhamedov signed on Friday a decree authorizing the State Concern “Turkmengas” to sign a contract with “Turkmen Petroleum Products Trade DMCC” (UAE) to provide services to increase natural gas production in 30 wells operating in the Dovletabad field. The large Dovletabad field located in Mary province was discovered in 1982 with initial...

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