SOCAR Trading won the tender for the purchase of Turkmen oil Eni
09:56 24.12.2020 8083
Turkmenistan became SOCAR Trading (a trading subsidiary of SOCAR, SOCAR). Argus Media, an independent pricing agency, reported.
SOCAR Trading managed to bypass the largest players in the oil market - ENOC, Vitol, Rosneft, LUKOIL and Trafigura in the tender.
As a result, the Azerbaijani company returned to its portfolio part of the hydrocarbons purchased since 2017 by Vitol in Turkmenistan. Thanks to these changes, experts expect that supplies of Turkmen oil through the Baku-Tbilisi-Jeyhan oil pipeline will increase by reducing transit through Makhachkala and Novorossiysk.
Reportedly, during 2021, Eni Turkmenistan will ship about 30-40 thousand tons per month of Okarem oil. Meanwhile, the export of this raw material from Turkmenistan increased to 341 thousand tons from 310 thousand tons a year earlier. The entire volume is transported by tankers in the direction of Makhachkala for further pumping to Novorossiysk.
Turkmenistan and Afghanistan ready to step up the construction of the TAPI gas pipeline
Representatives of the governments of Turkmenistan and Afghanistan expressed their readiness to continue cooperation in the construction of the TAPI gas pipeline and other infrastructure projects, the website of the Foreign Ministry of Turkmenistan reports.
At the Galkynysh field, annual production may reach up to 200 billion cubic meters of gas
In the future, with the implementation of seven stages of development of the giant Galkynysh field, the annual production of natural gas will reach about 200 billion cubic meters of “blue fuel”. This was stated in the speech of the head of the laboratory of the Scientific Research Institute of Natural Gas of the State Concern “Turkmengas” Irina Luryeva at the International Forum on attracting investments in the energy sector of Turkmenistan in Dubai.
The President of Turkmenistan noted the importance of further increasing natural gas production volumes
On May 31, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via the digital system, at which topical issues in the life of the country were discussed.
Refined products were in the lead in the auctions
At the auction of the State Commodity and Raw Materials Exchange of Turkmenistan, 47 transactions were registered last week.
TCOR mastered the production of A-98 gasoline that meets EURO-6 standards
In Turkmenistan, the production of A-98 gasoline has been launched, which fully meets the quality requirements of EURO-6 standards and is distinguished by the highest environmental friendliness. This was announced by the Vice-Chairman of the Cabinet of Ministers of Turkmenistan Shakhym Abdrakhmanov at a government meeting that President Gurbanguly Berdimuhamedov chaired by video link last Friday.