Nebitgazchykarysh Trust exceeded oil and gas production plan for 11 Months of 2025
10:30 07.01.2026 4761
The Nebitgazchykarysh Trust of the Turkmennebit State Concern produced approximately 3,684,540 tons of oil in the first 11 months of 2025, exceeding its planned targets by 9 percent. Natural gas production exceeded 4,218,600,000 cubic meters, achieving 166.92 percent of the planned target.
The concern's production facilities located in the Balkan velayat also achieved high labor performance. In addition to the Nebitgazchykarysh Trust, the State Concern Turkmennebit also includes the Nebitgazburavlayish and Nebitgazduypliabatlayish Trusts.
The oil and gas production departments "Goturdepenebit", "Nebitdagnebit", "Gamyshlydzhanebit", "Keymir", "Gumdagnebit", "Galkynyshnebit", as well as the gas production department "Korpeje" made a significant contribution to the achieved results, reports the website turkmennebit.gov.tm.
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.