Fuel and energy sector performance for January 2026 discussed at government meeting
11:05 10.02.2026 3008
On February 6, President of Turkmenistan Serdar Berdimuhamedov held a regular digital meeting of the Cabinet of Ministers to review the country's performance in January of this year, TDH reports.
During the meeting, Vice-Chairman of the Cabinet of Ministers Batyr Amanov reported on the work completed in January 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 107.5 percent.
During the period under review, the plan for oil refining at oil refineries was fulfilled at 106.4 percent, gasoline production at 126.5 percent, diesel fuel at 104.6 percent, polypropylene at 100 percent, lubricants at 100 percent, liquefied gas at 122.1 percent, and natural and associated gas production at 108.3 percent.
Summarizing the report, President Serdar Berdimuhamedov noted that practical steps must be taken to implement the work outlined in the country's Oil and Gas Industry Development Program.
The head of state also instructed the Vice-Chairman to implement comprehensive measures aimed at increasing natural gas and oil production, developing hydrocarbon deposits, and consistently expanding the industry's production capacity.
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.