News Archive ()

OPEC+ will prepare a draft cooperation agreement after 2018

This year, OPEC+ will prepare a draft agreement on cooperation after 2018. This was announced by the UAE Minister of energy, Chairman of the conference OPEC Suheil al Mazroui on IP Week (international oil week), organized by the British Institute of energy, TASS reports. "The draft Charter of our joint cooperation is being formed. We hope...

TAPI: Turkmenistan's gas will help warm up relations of India and Pakistan

On February 23, in the history of Turkmenistan-Afghanistan-Pakistan-India magistral gas pipeline, another significant event connected with the practical part of the project implementation will be held - Turkmenistan will pass the baton in the construction of the pipeline to neighboring Afghanistan. It is expected that on the sidelines of the ceremony, representatives of the four countries...

Black gold became cheaper: Brent - $ 64.65 per barrel, WTI - $61.07

April futures for Brent crude to 7:47 GMT February 21 decreased by 60 cents (0.9%) - to $64.65 per barrel. Quotes of the April contract for WTI oil fell by 72 cents (1.2%) and amounted to $61.07 per barrel. At the end of trading on February 20, the price of the April contract for Brent crude...

A new industrial gas inflow was obtained at the Galkynysh field

Drillers control "Turkmengazprom" of the State concern "Turkmengas" has completed drilling at 8 wells of the giant field Galkynysh located in Mary region. In particular, control drillers successfully completed drilling of production well No. 70. As a result of the work carried out, the group of specialists under the leadership of Shatlyk Jumaev managed to obtain...

Azerbaijan and Turkmenistan discuss prospects of cooperation in energy sphere

The first meeting of the joint working group established on the basis of the Memorandum of understanding on the future development of cooperation between the governments of Azerbaijan and Turkmenistan in the field of energy dated August 8, 2017 was held in Baku. This was reported by the Azerbaijani news Agency APA. As reported by APA...

Oil prices continue to rise: Brent - $ 65.42 per barrel, WTI - $65.42

April futures for Brent crude by 7:39 GMT on February 19 increased by 58 cents (0.9%) - to $65.42 per barrel. Quotes of the March contract for WTI oil rose by 86 cents (1.4%) and amounted to $65.42 per barrel, the Russian Agency OGIA reports. Following the results of trading on February 16, the price of...

Turkmenbashi refinery increases the production of petroleum coke

In January 2018, the Turkmenbashi complex of oil refineries (TCOR) produced 12.2 thousand tons of petroleum coke, which is 21.8% more than in the same period last year. This was reported by ORIENT news Agency with reference to the data of the state statistics Committee of Turkmenistan. It is also noted that in 2017, the country...

The construction of the TAPI gas pipeline will forever be inscribed on Golden pages of the history of our state, - Gurbanguly Berdimuhamedov

The preparation of the solemn events scheduled for February 23 and 26 was discussed at the enlarged meeting of the Cabinet of Ministers held last Friday in Ashgabat. Among them: ceremonies on the occasion of the beginning of construction of the Afghan section of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline, openings of the Turkmenistan-Afghanistan-Pakistan power line, fiber-optic...

Past week at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan 86 transactions were registered.

Past week at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan 86 transactions were registered.  For the foreign currency businessmen from the United Arab Emirates bought aviation kerosene manufactured at Turkmenbashi oil refineries complex. For the foreign currency Portland cement, cotton yarn, cotton fibres were also realised. The countries-buyers: Russia, Great Britain,...

The EU is ready to discuss the possibility of connecting Iran to the SGC

The European Union (EU) is ready to discuss the possibility of connecting Iran to the Southern gas corridor (SGC). As Trend reports, this was stated by Vice-President of the European Commission for energy Marosh Shefchovich on Thursday at a press conference on the outcome of the fourth meeting of Ministers in the framework of the...

The EU continues to examine ways to connect Turkmenistan to the SGC, - Shefchovich

The European Union continues to look for ways to connect Turkmenistan to the Southern gas corridor project. This was stated by Vice-President of the European Commission for energy Marosh Shefchovich on Thursday at a press conference on the outcome of the fourth meeting of Ministers in the framework of the meeting of the Advisory Board...

Oil prices rise in Asian trade

Oil prices rise in Asian trade Thursday after strong gains yesterday as oil inventories in the US rose less than feared, experts, Trend reports with reference to Interfax. The price of April futures for Brent oil on the London ICE Futures exchange on February 15 at 8:00 Moscow time increased by $0.46 (0.71%) - to $64.82...

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