SC «Turkmennebit» will receive a loan in the amount of more than 250 million manats to increase oil production
14:54 09.02.2022 6234
The State concern «Turkmennebit» will receive a loan in the amount of more than 250 million manats to increase oil production through the exploration and development of oil and gas fields. The relevant resolution was signed by President of Turkmenistan Gurbanguly Berdimuhamedov at a government meeting on Tuesday, which was attended by Vice-Chairman of the Cabinet of Ministers Sh. Abdrakhmanov.
According to the document, the Central Bank of the country was ordered to allocate credit funds to the Joint Stock Commercial Bank «Turkmenbashi» for lending to the State Concern «Turkmennebit» in order to finance the planned work to increase oil production through the exploration and development of oil and gas fields.
As noted in the resolution, credit funds are allocated «in order to successfully implement the tasks set for the country's oil and gas industry and ensure the timely implementation of the planned work to increase oil production.»
During the meeting, Gurbanguly Berdimuhamedov recalled that loans had recently been allocated to the State Concern «Turkmengas» and the State Corporation «Turkmengeology». At the same time, the head of state noted that the state would continue to invest in the development of fuel and energy enterprises.
The President focused on the fact that a scientific approach, competent economic and strategic planning are a distinctive feature of economic policy, the successful implementation of which ensures the transformation of the Motherland into a prosperous, economically powerful, strong state capable of investing huge finances in the development of industries.
The head of state expressed confidence that fruitful work would be carried out in the oil and gas complex in the future.
Vice-Chairman Sh. Abdrakhmanov, on behalf of all employees of the fuel and energy complex, expressed gratitude to the President of Turkmenistan for the decision made, assuring that industry specialists would make every effort to successfully and timely fulfill the tasks set by the head of state.
At the auction, products of the State Corporation “Turkmennebit” and “Turkmenchemistry” were sold for foreign currency
14 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Turkmenistan and Russia are not competitors in the field of gas supplies to China, - Russian Ambassador
Russia and Turkmenistan are not competitors in the field of gas supplies to China. This was stated by Russian Ambassador to Ashgabat Ivan Volynkin in an interview with TASS.
Trade turnover between Turkmenistan and China in the first half of the year increased by 12.3%
In the first six months of 2023, the trade turnover between Turkmenistan and China increased by 12.3% compared to the same period last year, amounting to about $5.55 billion, according to the General Administration of Customs of China.
The Presidents of Turkmenistan, Tajikistan and Uzbekistan will discuss the prospects for cooperation at the summit in Ashgabat
Today, August 4, a summit of the heads of state of Turkmenistan, Tajikistan and Uzbekistan will be held in Ashgabat. In the morning, President of Uzbekistan Shavkat Mirziyoyev and President of Tajikistan Emomali Rahmon arrived in the Turkmen capital, according to TDH.
The Ambassador of Turkmenistan to Belgium confirmed Ashgabat’s readiness to strengthen partnership with the EU in the field of energy
Ashgabat’s readiness to strengthen cooperation with the European Commission in the energy sector was announced by Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Belgium Sapar Palvanov at a meeting with President of the European Commission Ursula von der Leyen. This is reported by the website of the Foreign Ministry of Turkmenistan.