Nine-month fuel and energy sector performance summarized at government meeting
15:29 07.10.2025 3143
On October 3, the President of Turkmenistan Serdar Berdimuhamedov held a digital meeting of the Cabinet of Ministers to summarize the country's work for the first nine months of this year, TDH reports.
During the meeting, Vice-Chairman of the Cabinet of Ministers Batyr Amanov reported on the work accomplished from January to September of this year to increase oil and gas production and expand supply routes to global markets.
As reported, the State Concern “Turkmennebit” fulfilled its oil production plan by 109.7 percent.
Oil refineries fulfilled their oil refining plan by 109.4 percent for the first nine months of this year.
During the reporting period, the gasoline production plan was fulfilled at 108.8 percent, diesel fuel at 101 percent, lubricants at 100 percent, and natural and associated gas production at 103.1 percent.
Furthermore, the report reported on the technical and economic performance of polypropylene and liquefied gas production, as well as natural gas exports.
Summarizing the report, President Serdar Berdimuhamedov noted the importance of effectively utilizing the production capacity of oil and gas enterprises. Emphasizing the need to discover new hydrocarbon deposits through the introduction of modern technologies and the continuous improvement of oil and natural gas refining operations, the head of state addressed the Vice-Chairman with relevant instructions.
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.