More than 2 million 628 thousand tons of oil were processed in Turkmenistan in the first half of the year. During the same period, 2 million 630 thousand tons of crude oil were delivered to the country's refineries, the newspaper Neutral Turkmenistan reported on Wednesday.

The spot price of gas in Europe by Tuesday evening exceeded $2,200/ths.m3 in anticipation of the failure of another gas pumping unit on the Nord Stream, Interfax reports.

Oil prices are growing weakly on Wednesday against the backdrop of data from the American Petroleum Institute (API), which showed a sharp decline in US inventories, Interfax reports.

On Monday, Afghan media reported an increase in imports of liquefied natural gas from Turkmenistan to Afghanistan. According to the publications, the Taliban provisional government issued a statement to this effect after a meeting of its economic sector.

73 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.

Natural gas prices in Europe will remain high in the coming years amid continued supply shortages, traders believe, Interfax reports.

Gas prices in Europe have not decreased after the resumption of supplies via Nord Stream. For a week now, the quotes have been steadily holding above $1,600 per thousand cubic meters.

On Thursday in Cholpon-Ata (Issyk-Kul region of Kyrgyzstan) the fourth Consultative meeting of the heads of states of Central Asia was held. The meeting was attended by the Presidents of Kazakhstan, Uzbekistan, Turkmenistan and Tajikistan.

Fears about a recession in the global economy, which may come due to the crisis in the energy market, dropped Brent prices by 7% during July. To date, the cost of a barrel has fallen below $103. Industry analysts are convinced that quotes will fall by a few more dollars and remain at this level until the end of 2022, Interfax reports.

On Wednesday, July 20, President Serdar Berdimuhamedov met with Prime Minister of Georgia Irakli Garibashvili, who arrived in the Turkmen capital at the head of his country's delegation.

The Center for repair and maintenance of power equipment was put into operation in the Buzmein etrap of Ashgabat the day before. President Serdar Berdimuhamedov took part in the opening ceremony.

According to the results of 6 months of 2022, among the states selling pipeline gas to the PRC, Turkmenistan continues to occupy the first place, TASS reports with reference to the Main Customs Administration of the PRC.

A new tank farm for the storage of gasoline, sweetened diesel fraction and liquefied gas is planned to be built on the territory of the Akhal plant for the production of gasoline from natural gas in Turkmenistan. This is provided for by the international tender, which was announced by the State Concern "Turkmenchemistry", the newspaper "Neutral Turkmenistan" reports today.

At the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan on Monday, July 18, 48 transactions were concluded for a total of $25.5 million and 32 million Turkmen manats, Orient reports.

The Seydi oil refinery is consistently increasing the output of oil products and increasing the volume of export deliveries. Over the past period of the year, passing under the motto "Epoch of people with Arkadag", a batch of high-quality road bitumen in the amount of 1300 tons was sent from the enterprise to Uzbekistan.