News

Arrangement of a huge field Galkynysh is carried on.

In 2016 the State Concern «Turkmengas» is planning to drill and finish construction of 9 new operational wells on the largest gas field Galkynysh located in the Mary velayat, Turkmenistan. Operation of these wells will provide the further growth of level of production of natural gas within the first stage of industrial operation of this...

Seidi Oil Refinery is preparing to release a new generation of fuel "Euro-5"

On the Seidi Oil Refinery, a part of the Turkmenbashi Complex of Oil Refineries, being in full swing reconstruction of the UCL-Z5-11 / 1000 for the production of a new generation of fuel “Euro-5”. This project is implemented by a group of companies “WTL (FZE)” from the United Arab Emirates and «Westport Trading Europe Limited»...

The office of consortium "Galkynysh – TAPI Pipeline Company Limited" will be opened in Dubai

In the short run preparation of the documents necessary for registration and establishment in the city of Dubai (United Arab Emirates)  of the office of private company "by Galkynysh – TAPI Pipeline Company Limited" on construction and operation of the TAPI gas pipeline which will connect four countries – Turkmenistan-Afghanistan-Pakistan and India will be finished....

Financial news of the last week

Last week at the biddings of the State Commodity and raw exchange of Turkmenistan 48 transactions were registered. For foreign currency entrepreneurs from the United Kingdom, Germany, the United Arab Emirates and Afghanistan bought aviation kerosene, hydro-treated diesel fuel, gasoline, low-sulfur fuel oil produced at the Turkmenbashi Complex of Oil Refineries, and businessmen from Afghanistan -...

Meeting of the Cabinet of Ministers of Turkmenistan

During the meeting discussed a number of topical issues of government life, including those related to the improvement of government systems of standardization and certification, the course of seasonal agricultural work, the development of domestic sericulture. Deputy Chairman of the Cabinet of Ministers, the Director of the State Agency on Management and Use of Hydrocarbon Resources...

Media advisory

January 14, 2016 the agency "Interfax" referring to the so-called "source close to the negotiations", was spread a message that "Gasprom" proposed "Turkmengas" enter pause contract on gas purchase in 2016 ". In this regard, the State Concern "Turkmengas", noting the biased nature of the information, said that the January 4, 2016 press service of "Turkmengas"...

The President of Turkmenistan designated priority tasks for 2016

On January 8 the President of Turkmenistan Gurbanguly Berdimuhamedov held enlarged meeting of the Cabinet of Ministers on which the work of 2015 were summarized and determination the priority tasks for industries of national economy on the near-term outlook were taken out. Personnel affairs and drafts of a number of important documents were also considered. As...

Financial news of the last week

Last week at the biddings of the State Commodity and raw exchange of Turkmenistan 32 transactions were registered. For foreign currency entrepreneurs from Switzerland, the United Arab Emirates, Turkey, Afghanistan bought the autogasoline, diesel fuel, fuel oil furnace low-sulphurous and lighting kerosene made at the Turkmenbashy Oil Processing Complex. Businessmen from the United Arab Emirates also...

Turkmenistan has established "Turkmen National Oil and Gas Company"

Turkmenistan has established "Turkmen National Oil and Gas Company" in the form of closed joint-stock company. The corresponding decree was signed by President Gurbanguly Berdimuhamedov at the enlarged meeting of the Cabinet of Ministers, held on January 8. As stated in the document, the new company is created in order to successfully implement the task of...

World Bank: The economy of Turkmenistan is in the lead in terms of growth

According to the World Bank (WB) Turkmenistan's economy in the coming years will keep the leading position in the world ranking in terms of annual growth. This is evidenced by the figures in a new report by the World Bank; "Global Economic Prospects" released January 6 in Washington, DC. Thus, according to World Bank estimates, at...

2014