News

Management "Lebapgazçykaryş" increases production

Now management "Lebapgazçykaryş" continues works on natural gas production on gas-condensate fields. For last 9 months of this year 11 billion 262,4 million cubic meters of natural gas and 61,3 thousand tons gas of condensate was extracted, these are demanded raw materials for Seydi oil refinery.  Also management actively conducts works on reconstruction of wells. For...

The cost of oil grows within correction after recent decrease

World oil prices grow on Tuesday, being adjusted up after decrease the day before. Scepticism concerning the conclusion of the transaction of OPEC on freezing of oil extraction constrains the cost of "black gold" from bigger growth, witness data of the biddings, RIA Novosti reports. The cost of December futures for the North Sea oil mixture...

Iran is not going to compete in the European market of gas

Iran is not going to press Russia in the European market of gas. It was declared by the deputy minister of IRI of oil concerning gas production, the managing director of the National gas company of Iran Hamid Reza Araki. That was reported by the Agency of Oil and gas information of Russia. "Iran plans to...

The parliament of Turkmenistan ratified the agreement with Germany on avoidance of double taxation

The resolution "About Ratification of the Agreement between Turkmenistan and Germany on Avoidance of Double Taxation concerning Taxes on the Income and Property" was accepted at the sixteenth meeting of Majlis of Turkmenistan of the fifth convocation which took place on Saturday. As it was reported, the intergovernmental agreement about avoidance of double taxation concerning taxes...

Financial news of the last week

Last week at the biddings of the State commodity and raw exchange of Turkmenistan 43 transactions were registered. For foreign currency entrepreneurs from UAE and Afghanistan bought gasoline, diesel fuel made on Turkmenbashi COR, straight run gasoline and diesel fuel made on Seydi OR. Entrepreneurs from China and Afghanistan purchased technical iodine and "B" carbamide ("Turkmenchemistry). In...

IDB allocates 700 million US dollars to Finance the construction of TAPI gas pipeline

State Bank for foreign economic Affairs of Turkmenistan signed with Islamic development Bank an agreement to Finance the TAPI project for a total amount of 700 million U.S. dollars. As reported today in the State Bank for foreign economic Affairs of Turkmenistan, the event was held on 8 October 2016 in Washington, DC (USA) during the...

In the Cultural and Business Centre of oil and gas Complex held a forum dedicated to the 25th anniversary of Turkmenistan's independence

Today, the Ashgabat Cultural and Business center of oil and gas complex of Turkmenistan hosted a forum dedicated to the 25th anniversary of independence of Turkmenistan "Oil, gas - my wealth and treasure, Independence my wings and eternal property!" This forum was organized by the State Concern "Türkmennebit" and  closed JSC "Nebitgazhyzmat". In the framework of...

The OPEC expects fast recovery of balance in the oil market

The OPEC expects that its decisions will promote faster stock reduction of oil in storages and recovery of balance between the demand and supply in the market, the Secretary General of the organization Muhammad Barkindo told during the performance on the XXIII World energy congress in Istanbul on Wednesday, reports the Azerbaijani news agency "Trend". The...

The oil and gas industry participated in the Exhibition of economic achievements of Turkmenistan

At the Exhibition of economic achievements of Turkmenistan was opened in the exhibition centre of the chamber of Commerce, and devoted to the 25 th anniversary of the independence of the country, clearly demonstrated a broad range of opportunities for all sectors of the national economy. Large-scale exhibition acquaints visitors with the achievements of such sectors...

Tatarstan wants to give momentum to the development of trade-economic relations with Turkmenistan – Rustam Minnikhanov

As the press service of the Head of Tatarstan on the official website of the government of the Russian region, Tatarstan President Rustam Minnikhanov said at a meeting in Ashgabat with Turkmenistan President Gurbanguly Berdimuhamedov, during which they discussed the issues of bilateral cooperation. In particular, emphasizes a press-service, according to Rustam Minnikhanov, Tatarstan is ready...

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