President of Turkmenistan: it is necessary to more effectively realize the potential of the fuel and energy complex
10:39 07.12.2021 5988
The results of the work of the branches of the national economic complex of Turkmenistan for eleven months of this year were discussed at an expanded government meeting chaired by President Gurbanguly Berdimuhamedov last Friday. Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov reported on the results of work in the oil and gas sector during the reporting period.
In particular, it was reported that in January-November the plan for the production of gasoline was fulfilled by 105.3 percent, bitumen – by 140.3 percent, polypropylene – by 106.6 percent.
Fulfillment of the plan for the production of natural and associated gas amounted to 121.4 percent, for the export of «blue fuel» - 132 percent. Compared to the same period of last year, the growth rate for these indicators was ensured, respectively, at the level of 122.1 and 136.7 percent.
The plan for the development of investments from all sources of financing was fulfilled by 106.2 percent.
After hearing the report, President Gurbanguly Berdimuhamedov emphasized the need for a more efficient implementation of the potential available in the oil and gas industry. It is necessary to optimally use the capabilities of the processing sector in order to expand the range of high-quality competitive products made from hydrocarbon raw materials that are in demand in the domestic and foreign markets, the leader of the nation noted.
It is necessary to more actively attract investments to the fuel and energy complex, increase the pace of development of promising oil and gas fields in the Caspian, and also keep under strict control the construction of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline, the head of state emphasized.
Focusing on the need to continue coordinated work in these areas, the President noted that in order to further modernize the infrastructure of the industry, including its processing segment, new enterprises should be built.
Having addressed a number of specific instructions to the Vice-Chairman, the head of state said that the government meeting following the results of the year will also consider the situation in the oil and gas sector.
The work of the Interdepartmental Commission on the Caspian Sea was discussed at the Ministry of Foreign Affairs of Turkmenistan
The 63rd meeting of the Interdepartmental Commission of Turkmenistan on the Caspian Sea was held at the Ministry of Foreign Affairs on February 23. The meeting was attended by the relevant Vice-Chairmen of the Cabinet of Ministers of the country, the Director of the Caspian Sea Institute, heads of a number of ministries and specialized departments.
Products of oil refineries were sold at the auction
Last week, 35 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.
The President of Turkmenistan and the Vice President of the UAE noted the active dynamics of cooperation in the energy, oil and gas and other spheres
The development of bilateral cooperation was discussed at a meeting on February 21 between the President of Turkmenistan Serdar Berdimuhamedov and the Vice President, Deputy Prime Minister, Minister of the Presidential Administration of the United Arab Emirates Sheikh Mansour bin Zayed Al Nahyan, who arrived in our country on a visit, TDH reports.
Dynamic development of national investments is carried out at the fields of Turkmenistan
Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov, during an extended meeting of the government last Friday, reported on the work carried out by the oil and gas complex to increase oil and natural gas production, as well as the timely development of national investments in the coming years.
Liquefied gas and jet fuel were sold abroad at the auctions, and polypropylene and base oil were sold to the domestic market
27 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.