TCOR will purchase 500 thousand tons of oil from foreign companies operating in Turkmenistan on a PSA basis

02:11 15.06.2021 14809

 The Turkmenbashi complex of oil refineries will purchase up to 500 thousand tons of crude oil in 2021 from foreign companies operating in our country under the terms of Production Sharing Agreements (PSA).  The corresponding decree was signed by President Gurbanguly Berdimuhamedov on Friday.

 The draft resolution on the purchase of crude oil for further processing at the TCOR was presented to the head of state by Vice-Chairman Shakhym Abdrakhmanov at a government meeting last Friday. According to the document, during 2021 it is planned to purchase up to 500 thousand tons of oil from foreign companies operating in the country on the basis of Production Sharing Agreements.

 In the spring, the President drew the attention of the leadership of the oil and gas industry to the incomplete load of oil refineries and instructed to take appropriate measures to remedy the situation.

 At present, the TCOR capacities allow to process 10 million tons of crude oil annually. Among the products manufactured by the plant are gasoline, aviation and technical kerosene, diesel fuel, fuel oil, lubricating oils, polypropylene, liquefied gas, bitumen, etc.

 The plant's products are sold both in the domestic market and are successfully exported. In particular, it is supplied to Afghanistan, Germany, Spain, Italy, China, Turkey, Pakistan, Russia, Japan and other countries.

Other articles
President of Turkmenistan: The results of five months clearly demonstrate the dynamic development of our country

As a result of the purposeful work of the government and the people in January-May, a high GDP growth rate of Turkmenistan was maintained at the level of 6.2 %. This was stated by President Serdar Berdimuhamedov at an enlarged joint meeting of the government and the State Security Council held last Saturday.

Argus invites Turkmen companies to the Oil Products Conference in Dubai

Argus International Pricing Agency will hold the International Conference “Argus Oil Market 2023. Caspian and Central Asia”, which will be held on March 16-17 in Dubai (United Arab Emirates).

Serdar Berdimuhamedov will visit Russia for the first time in the status of the President of Turkmenistan

President of Turkmenistan Serdar Berdimuhamedov will pay an official visit to Russia this week, during which he will hold talks with President of the Russian Federation Vladimir Putin. This is reported by Russian news agencies.

Products of the TCOR and Turkmengaz are among the foreign exchange transactions at the auction

At the auction of the State Commodity and Raw Materials Exchange of Turkmenistan last week, 37 transactions were registered.

Turkmenistan and Pakistan will continue negotiations to accelerate the construction of the Afghan part of TAPI

Turkmenistan and Pakistan will continue further negotiations aimed at increasing the pace of construction of the Afghan part of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline, reports the website of the foreign ministry of our country.