President of Turkmenistan approves measures to develop Uzynada field
06:17 23.06.2025 3137
On June 20, President of Turkmenistan Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via the digital system, where a number of issues of state life were considered, TDH reports.
Vice-Chairman of the Cabinet of Ministers Batyr Amanov reported on the work carried out at the oil and gas fields under the jurisdiction of the State Concern "Turkmennebit".
It was noted that appropriate measures are currently being taken for further development, in particular, power supply to the recently discovered Uzynada field. Along with its energy supply, this will also provide additional volumes of electricity to other nearby fields.
In this regard, a corresponding proposal was submitted to the President of Turkmenistan for consideration.
Summarizing the report, the head of state noted that all conditions are being created for the identification and development of new hydrocarbon deposits in oil and gas fields under the jurisdiction of the State Concern "Turkmennebit". Having approved the prepared proposal to provide electricity to the recently discovered Uzynada oil and gas field, President Serdar Berdimuhamedov instructed the Vice-Chairman to carry out the appropriate work.
It is planned to increase hydrocarbon production in Balkan region
In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.
Gas price in Europe exceeded $3,300 per 1,000 cubic meters
The spot price of gas in Europe on Thursday evening continued its active growth. A jump in prices at the end of the European trading session is usually the result of the influence of the growth of quotations in the Asian market, Interfax reports.
The price of Brent rose above $100 per barrel again
Oil prices are rising moderately on Friday morning after falling the day before, foreign media reported.
The President of Turkmenistan dismissed the Deputy Chairman of the State Concern «Turkmennebit»
By the Decree of the President of Turkmenistan, Mammedov Toygeldi Bayrammyradovich was dismissed from the post of Deputy Chairman of the State Concern «Turkmennebit» as he failed to cope with the duties assigned to him.
Transactions for the export of LNG and jet fuel were entered at exchange trading
On Monday, August 22, 12 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $5.4 million, the ORIENT news agency reported.