Petroleum bitumen, urea, base oil, and polypropylene were sold at exchange trades
15:15 20.01.2026 2292
Thirty-two transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Businessmen from the United Arab Emirates, Turkey, Afghanistan, Uzbekistan, and Ukraine purchased urea produced at the processing facilities of the SC Turkmenchemistry for foreign currency. Representatives from the UAE also traded petroleum road bitumen (Turkmennebit) and cotton fabric.
The total value of these transactions exceeded USD 9,898,000.
Local businessmen purchased base oil and polypropylene (Turkmennebit), as well as cotton fiber, licorice extract, cottonseed oil soapstock, and crude fatty acids for the domestic market. The total amount of transactions amounted to more than 27 million 675 thousand manats.
Maxim Bortnikov – Managing Director at the Center for the Implementation of the Principles of Sustainable Development of Gazprombank:
“The theme of the International Conference held in Ashgabat is rather topical, as evidenced by the composition of its participants, including representatives of government agencies, large international organizations, banks, big gas companies, scientists, leading specialists and experts in the oil and gas sphere.
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Another well has been put into operation
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The new hydraulic device is distinguished by its efficiency
The Department of Geology and Geochemistry of Yagshigeldi Kakayev International University of Oil and Gas has developed an “Innovative hydraulic device for displacing air from the cavities of drill pipes”.
Since the beginning of 2025, the “Nebitgazchykarysh” Trust of the State Concern “Turkmennebit” has produced over 1.2 million tons of oil
Since the beginning of 2025, the “Nebitgazchykarysh” Trust of the State Concern “Turkmennebit” has produced 1 million 278 thousand 817 tons of "black gold". Much of the credit for this goes to the drillers of the “Nebitgazburawlayysh” Trust, who have drilled 57 thousand 246 meters of production wells and 16 thousand 51 meters of exploratory wells since the beginning of the year.