World oil supplies in January increased by 590 thousand b / d-IEA
11:33 15.02.2021 4990
Global oil supplies rose by 590,000 barrels per day in January to 93.6 million barrels per day, as production cuts by OPEC+ members eased and countries outside the deal increased production, according to a report by the International Energy Agency (IEA), INTERFAX reports.
The IEA forecasts that global output will fall in February as Saudi Arabia implements a significant voluntary reduction. "Prospects are improving for countries outside the OPEC + alliance: in 2021, an increase of 830 thousand b/d is expected, compared with a loss of 1.3 million b/d in 2020," the agency writes.
The IEA expects that OPEC+ countries will gradually ease production cuts in the second quarter - a decline in production of 5.8 million barrels per day (compared to production in October 2018). In this case, OPEC+ production, according to the IEA, will grow by about 800 thousand b/d this year.
Turkmenistan and Afghanistan ready to step up the construction of the TAPI gas pipeline
Representatives of the governments of Turkmenistan and Afghanistan expressed their readiness to continue cooperation in the construction of the TAPI gas pipeline and other infrastructure projects, the website of the Foreign Ministry of Turkmenistan reports.
At the Galkynysh field, annual production may reach up to 200 billion cubic meters of gas
In the future, with the implementation of seven stages of development of the giant Galkynysh field, the annual production of natural gas will reach about 200 billion cubic meters of “blue fuel”. This was stated in the speech of the head of the laboratory of the Scientific Research Institute of Natural Gas of the State Concern “Turkmengas” Irina Luryeva at the International Forum on attracting investments in the energy sector of Turkmenistan in Dubai.
The President of Turkmenistan noted the importance of further increasing natural gas production volumes
On May 31, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via the digital system, at which topical issues in the life of the country were discussed.
Refined products were in the lead in the auctions
At the auction of the State Commodity and Raw Materials Exchange of Turkmenistan, 47 transactions were registered last week.
TCOR mastered the production of A-98 gasoline that meets EURO-6 standards
In Turkmenistan, the production of A-98 gasoline has been launched, which fully meets the quality requirements of EURO-6 standards and is distinguished by the highest environmental friendliness. This was announced by the Vice-Chairman of the Cabinet of Ministers of Turkmenistan Shakhym Abdrakhmanov at a government meeting that President Gurbanguly Berdimuhamedov chaired by video link last Friday.