News Archive ()

Financial news of the last week

Last week at the biddings of the State commodity and raw exchange of Turkmenistan 21 transactions were registered. For foreign currency entrepreneurs from UK, UAE, Afghanistan and etc. purchased aviation kerosene, motor gasoline, hydro-purified diesel fuel oil made by TCOR and also straight-run gasoline produced by Seydi Oil Refinery. In addition for foreign currency armature, the cottonseed oil refined,...

The demand forecast on oil in 2018 raised on 200 thousand barrels a day

The International Energy Agency (IEA) raised on 200 thousand barrels/day a demand forecast on oil in 2017 and 2018, having left the same growth rates of demand in 2017 (for 1,6%) and in 2018 (for 1,3%). It is written by the agency in the monthly overview, AOI reports. Data for Nigeria, Germany and Iraq underwent review. The...

In Ashgabat new approaches to implementation of potential of cooperation between Turkmenistan and the USA were defined

On December 14, 2017 in capital hotel "Archabil" the regular meeting of the Turkmen-American Business council took place, within it new approaches to implementation of potential of bilateral cooperation and development of trade and economic relations, business contacts and scientific and technical partnership were defined. Representatives of the Turkmen-American Business council and the leading American companies as "Westport...

Turkmenistan celebrates the Day of workers of oil and gas industry and geology

Today in the Central building of oil and gas complex of Turkmenistan held a solemn meeting, during which were awarded the best workers on the occasion of Day of workers of oil and gas industry and Geology. In the event also held the first conference, which was made by the employees of the complex. The solemn...

The US is interested in expansion of mutually beneficial cooperation with Turkmenistan, - Eric Stewart

US business circles interested in developing mutually beneficial cooperation with Turkmenistan, which demonstrates the rapid pace of economic development. This was stated by Executive Director of Turkmen-American business Council Eric Stewart during the meeting with President Gurbanguly Berdimuhamedov. Noting that Turkmenistan is always open for a constructive dialogue with foreign partners, Gurbanguly Berdimuhamedov noted fruitful interaction...

The new issue of the magazine "Oil, Gas and Mineral resources of Turkmenistan" was published

The fourth in 2017 issue of the social and political and scientific-journalistic magazine "Oil, Gas and Mineral resources of Turkmenistan" has been published. The first pages of new release of the edition are devoted to an official visit of the President of the Russian Federation Vladimir Putin to Turkmenistan, the regular meeting of the Council of...

Company "Hyundai Engineering Co., Ltd" is interested in cooperation increase with Turkmenistan

The President Gurbanguly Berdimuhamedov accepted the head, the chief executive officer of the company "Hyundai Engineering Co., Ltd" (Republic of Korea) Sung San Rock. Having stated productive nature of the Turkmen-Korean economic cooperation, the President Gurbanguly Berdimuhamedov noted availability of huge opportunities for building-up of business contacts. During the conversation it was noted that as a priority...

In Afghanistan aspects of a construction of the TAPI gas pipeline were discussed

The delegation of Turkmenistan headed by the vice-chairman of Cabinet Council, the Minister of Foreign Affairs of Turkmenistan Rasheed Meredov made a working visit to Afghanistan during which issues of deepening of trade and economic partnership, implementations of a number of projects, including TAPI gas pipeline constructions were discussed. It is reported on the website...

The TAPI project will enter a practical phase in Afghanistan soon, - TOLO news

In the next three months in Afghanistan work on realization of the gas pipeline of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) will begin, reported on Sunday the Afghan news agency TOLO news with reference to information of the Ministry of Mines and Petroleum (MoMP). - According to the growing economic cooperation and interaction of Afghanistan with the countries of...

The OPEC + can consider the strategy of exit from the transaction in June, 2018

Russia and a number of member countries of OPEC want to finish operation of the agreement on reducing oil extraction as soon as possible probably in the summer of next year. Such opinion in a conversation with journalists at the summit of the Organization of the Arab petroleum exporting countries (OAPEC) was expressed by the...

Results of development of Turkmenistan in 11 months were discussed at the enlarged meeting of Cabinet council

On December 8 the President of Turkmenistan Gurbanguly Berdimuhamedov held the enlarged meeting of Cabinet council devoted to results of social and economic development of the country in eleven months 2017. During the meeting results of activities of the government, work of the ministries and industry departments were considered, an assessment of implementation of Presidential...

Oil prices fall: Brent - $63,14 for barrel, WTI - $57,14

February futures for Brent crude oil in the morning on December 11 decreased by 26 cents (0,4%) - up to $63,14 for barrel. The quotations of the January contract for WTI crude oil fell in price by 23 cents (0,4%) and made $57,14 for barrel, the Russian AOI agency reports. Following the results of the biddings on...

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