News Archive ()

Turkmenistan and Romania intend to intensify cooperation in the oil and gas sector

The possibility of building mutually beneficial partnerships discussed at the regular meeting of the Turkmen-Romanian working Commission on cooperation in the energy, which was held yesterday in the building of oil and gas complex of Turkmenistan. To participate in the business meeting in the capital there has arrived delegation of representatives of the Ministry of...

Russia will offer the UAE technology of shelf hydrocarbon production

Abu Dhabi. Russia is ready to offer the United Arab Emirates unique technology of hydrocarbon production on the shelf. It was said at opening of the Russian-Emirates business forum by the Minister of Industry and Trade of the Russian Federation Denis Manturov, the Russian AOI news agency reports. "We pay much attention to projects of geological...

Oil loses in price a little: Brent - $63,83 for barrel, WTI - $58,69

January futures for Brent crude oil by 8:07 Moscow time on November 27 sank on 3 cents (0,05%) - up to $63,83 for barrel. The quotations of the January contract for WTI crude oil decreased by 8:08 Moscow time by 26 cents (0,44%) and made $58,69 for barrel, AOI reports. On November 24 Brent oil poorly...

The OPEC and Russia agreed about prolongation of the transaction about reducing production

Russia supports prolongation of the transaction of OPEC+ on reducing oil production after March, 2018, different options are considered. The Minister of Energy of the Russian Federation Alexander Novak reported about it. During the gas forum in Bolivia the head of energy department summed up the preliminary results of operation of the agreement on reducing oil...

Financial news of the last week

Last week at the biddings of the State commodity and raw exchange of Turkmenistan 52 transactions were registered. For foreign currency entrepreneurs from UK, UAE, Switzerland and Afghanistan purchased hydro-purified diesel fuel and furnace oil made at the Turkmenbashi complex of oil refineries. In addition for foreign currency products of the textile industry in assortment, extract of a...

Cabinet meeting of Turkmenistan

On November 24 the President Gurbanguly Berdimuhamedov held the regular meeting of Cabinet council at which topical issues of state policy and also projects of a number of documents were considered. The vice-chairman of Cabinet council M. Babayev reported on results of the working trip to the Islamic Republic of Afghanistan undertaken on November 20-21. As...

Oil prices change in different directions: Brent - $63,35, WTI - $58,43

January futures for Brent crude oil by 7:41 Moscow time on November 24 decreased by 20 cents (0,3%) - up to $63,35 for barrel. The quotations of the January contract for WTI crude oil rose in price for 41 cents (0,7%) and made $58,43 for barrel. Following the results of the biddings on November 23 the...

The Emir of Kuwait stressed the importance of the forthcoming visit of the President of Turkmenistan for the further development of cooperation

The upcoming official visit of President of Turkmenistan to Kuwait will be essential for expansion of bilateral mutually beneficial cooperation. This has been stated in the message of the Emir of Kuwait Sheikh Sabah al-Ahmad al-Jaber al-Sabah, the President of Turkmenistan Gurbanguly Berdimuhamedov, informs an information portal Turkmenportal with reference to the press service of...

On the 6th Turkmen-Russian economic forum the ways of expansion of bilateral partnership were traced

The 6th Turkmen-Russian economic forum was held in Ashgabat on November 22 2017,  for participation in the capital of Turkmenistan arrived representative delegation of the Russian Federation. Which includes representatives of several government agencies and organizations as well as companies specialized in the field of trade, food industry, construction, electronic information technology, engineering, oil and...

The Seydi oil refinery adjusted export of high-octane gasoline

Since commissioning of the LCh-35-11/1000 catalytic reforming unit at Seydi oil refinery about 100 thousand tons of automobile fuel with high octane rating are made. Installation is intended for receipt of the high-octane component used in production of automobile gasolines.   New installation was put into operation at Seydi oil refinery in May of this year. This...

The consortium of the WTL (FZE) and Westport Trading Europe Limited companies will construct installation of the slowed-down coking in Turkmenistan

The Turkmenbashi complex of oil refineries (TCOR) signed the contract with consortium of the WTL (FZE) and Westport Trading Europe Limited companies from the UAE on a construction of new installation of the slowed-down coking, the Media Turkmen news agency ORIENT reports.  This installation is expected annual production of 416 thousand tons of diesel fuel, 191 thousand tons of oil...

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