Foreign and domestic businessmen purchased fuel and energy products at exchange trades
15:45 31.03.2026 2029
53 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Business representatives from the United Arab Emirates, Turkey, Afghanistan, Georgia, and Uzbekistan purchased polypropylene, base oil, and gasoline produced at the processing facilities of the State Concern Turkmennebit using foreign currency, while businessmen from Singapore purchased urea produced by the State Concern Turkmenchemistry.
Wheat flour, plain-dyed and jacquard terry products, terry cloth, medical cotton wool, cotton swabs, and cotton yarn were also sold for foreign currency. The purchasing countries included the UAE, Turkey, and Azerbaijan.
The total value of the transactions exceeded $350,748,000.
Domestic entrepreneurs purchased polypropylene, base oil, heating oil and packaging film (Turkmennebit), as well as wheat flour for the domestic market for a total of 269 million 30 thousand manats.
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.