News

Presidents of Turkmenistan and Afghanistan discuss priority aspects of cooperation over the phone

On Wednesday, May 27, a telephone conversation took place between President of Turkmenistan Gurbanguly Berdimuhamedov and President of Afghanistan Mohammad Ashraf Ghani. The heads of the two states singled out fuel and energy and transport and communication spheres as priority areas of partnership, where large-scale projects have been implemented in recent years, including the construction of...

Prospects for cooperation in the fuel and energy sector with “Total” company discussed

Prospects for cooperation in the oil and gas industry were discussed during online talks held on Wednesday between representatives of Turkmenistan and the French company "Total". The Turkmen delegation was represented by adviser to the President of Turkmenistan on oil and gas issues Yagshigeldy Kakayev, heads of the state concerns "Turkmengas" and "Turkmennebit", the state Corporation...

State concern "Turkmengas" and Mitsubishi discussed the implementation of joint projects in the oil and gas industry

Prospects for cooperation in the oil and gas industry were discussed during talks held last Friday via video link in the State concern "Turkmengas" with representatives of the Japanese Corporation Mitsubishi. The meeting participants noted the great potential for mutually beneficial partnership in the oil and gas industry. The priority aspects of cooperation are diversifying industry,...

Oil products and textiles are in the top of stock trading

At the State Commodity and Raw Materials Exchange of Turkmenistan, 40 transactions were registered last week. Entrepreneurs from the United Arab Emirates, Afghanistan, and Belize purchased aviation kerosene and gasoline produced at the Turkmenbashi complex of oil refineries for foreign currency. Businessmen from Afghanistan also purchased the straight-run gasoline produced at the Seidi refinery. Also, smooth-colored and...

Turkmengas diversifies production of Kiyanly Polymer Plant

The State Concern “Turkmengas” plans to diversify its production facilities at the Kiyanly Polymer Plant. In May, the concern announced a second international tender for the construction of an isobutane production unit at this plant. Turkmengas first announced a tender in March this year for construction work to diversify the use of natural gas at this...

Oil prices falls on negative signals from China, Brent fell to $34.4 per barrel

Oil prices fall on Friday after rising the day before to six-week highs, according to Interfax. A negative impact on the market was provided by the information that China for the first time since 1994 will not set a target for annual GDP growth rates due to the consequences of the coronavirus epidemic. In addition, the...

Enterprises of the fuel and energy complex of Turkmenistan are guided to export

One of the priority areas of the strategy implemented by President of Turkmenistan Gurbanguly Berdimuhamedov is the development of foreign economic relations. At a meeting of the Cabinet of Ministers on May 8, the head of state again drew attention to this, instructing to intensify work to increase the volume of exports of products manufactured...

Investments are increasing in the oil and gas complex of Turkmenistan

In accordance with the priorities of the economic strategy of Turkmenistan, significant financial resources are allocated for the modernization and diversification of the fuel and energy complex of our country, and investment in the leading sector of the national economy is increasing. For four months of 2020, the total volume of investments utilized in the fuel...

“Gubadagnebit” of the “Turkmennebitonumleri”: stable and reliable operation

As the results of work for the four months of 2020 showed, the specialists of the “Gubadagnebit” enterprise of the “Turkmennebitonumleri” General Directorate continue to supply the consumers of the Dashoguz region with oil products stably and reliably. Among the main tasks of the enterprise are ensuring trouble-free production activities, safe working conditions for workers, stable...

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...

Oil prices complete third week in a row

On Friday, oil prices rise, completing growth for the third week in a row, thanks to the hopes that a reduction in production along with the gradual removal of quarantine restrictions will allow achieving a balance of supply and demand in the market. According to INTERFAX, the cost of July Brent crude futures on the London...

Scientific and practical conference in IOGU

A scientific and practical conference was held at the International Oil and Gas University, dedicated to the upcoming Constitution Day and the State Flag of Turkmenistan. The forum brought together the faculty of the university, students and youth. The scientific-practical conference was held in six thematic sections, where about 170 speakers spoke. The sectional sessions highlighted the...

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