The results of the fuel and energy sector for eight months of 2025 were discussed at the government meeting
13:41 01.09.2025 2566
On August 29, President of Turkmenistan Serdar Berdimuhamedov held a digital meeting of the Cabinet of Ministers, where the results of the work carried out in the country for eight months of the current year were summed up, TDH reports.
During the meeting, Vice-Chairman of the Cabinet of Ministers Batyr Amanov reported on the results of the work done in January-August 2025 to increase oil and gas production and expand their supply routes to world markets.
Reporting on the achieved technical and economic indicators, the Vice-Chairman said that the oil production plan is being fulfilled by the State Concern "Turkmennebit". The oil refineries of the State Concern are achieving positive indicators in oil refining, gasoline, diesel fuel, and lubricating oils.
Data on the production of natural and associated gas, the production of liquefied gas, and the supply of "blue fuel" abroad were also presented.
Summarizing the report, President Serdar Berdimuhamedov noted that further modernization of the oil and gas sector is a key task. In this context, the Vice-Chairman was instructed to take appropriate measures to fully utilize specialized fuel and energy enterprises, as well as to increase the efficiency of geological exploration and drilling operations.
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.