Base oil produced by Turkmennebit was sold for export and domestic markets at exchange trading
15:53 05.05.2026 1296
Twenty-five transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Business representatives from the United Arab Emirates, Afghanistan, Georgia, and Uzbekistan purchased base oil (Turkmennebit) for foreign currency.
Crude cotton soapstock fatty acids, raw silk, plain-dyed and jacquard terry products, cotton yarn and fabric, and cotton fiber were also sold for foreign currency. Buying countries included the UAE, Turkey, Ukraine, Kyrgyzstan, and Romania.
The total value of the transactions exceeded $6.01 million.
Domestic entrepreneurs purchased base oil (Turkmennebit), raw fabric, and cotton fiber for the domestic market for a total of 23 million 918 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
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