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Financial news of the last week

Last week at the State commodity and raw materials exchange of Turkmenistan 30 deals were registered. For foreign currency businessmen from Afghanistan purchased urea grade "B" (SC Turkmenchemistry"). In addition, for foreign currency were implemented dyed Terry products, cotton yarn, cotton fiber, meal, and lint cotton. The buyer countries: Russia, United Arab Emirates, Netherlands etc.. The...

National economy: new solutions of current tasks

3 June, President of Turkmenistan Gurbanguly Berdimuhamedov chaired a regular meeting of the Cabinet of Ministers which summed up the results of work for five months of the current year, reviewed a number of other issues of state life. As reported, during the reporting period, the GDP growth rate in industry amounted to 102.2 percent, construction...

SC "Turkmengas" will receive from the government the loan for the payment of the first tranche for the construction of the TAPI pipeline

The State Concern "Turkmengas" will receive a loan from the government of Turkmenistan in the amount of more than 45 million U.S. dollars for the payment of the first tranche of the investment shares of the group in the initial phase of construction of the gas pipeline Turkmenistan-Afghanistan-Pakistan-India (TAPI). The corresponding decree of the President Gurbanguly...

The ARETI company is interested in new projects in Turkmenistan

The Russian company "ARETI" is interested in participation in new projects in various spheres in Turkmenistan . It was declared by the head of the company Igor Makarov at a meeting with the President of Turkmenistan Gurbanguly Berdimuhamedov. In particular, during the meeting the Russian businessman emphasized aspiration of the "ARETI" company to take part in...

Well drilling – the factor of increase production of oil

Coastland oil workers are drilling fields in Northern Goturdepe and Altyguay rapidly. The brigade drill master R. Mamedyarov in well No. 220, while target depth of 5,500 meters in a short time has drilled more than 2550 meters and the brigade drill master S. Klychmamedov on the field Altyguay in well No. 33, with a...

New technologies from Schneider Electric

In the capital hotel "Archabil" held presentation of new products from the electricity company Schneider Electric. Conducting a two-day workshop, and showing slides, the specialists of the French company, a longtime partner of Turkmenistan, told the employees of the oil and gas and energy sectors of the national economy on their technological innovations. - Since 1998...

TCOR comes to the new level of processing

The Turkmenbashi Complex of Oil Refineries (TCOR) increases volumes of oil refining and increases production of new types of oil products. Now at the enterprise more than 10 million tons of hydrocarbon raw materials are processed a year. - Success of monetization of hydrocarbon raw materials depends on increase in the range of the developed production,...

Financial news of the last week

Last week at the State commodity and raw materials exchange of Turkmenistan 27 transactions were registered. For foreign currency businessmen from Russia, Great Britain, Tajikistan, Afghanistan and etc. bought produced at the Turkmenbashi Complex of Oil Refineries gasoline and polypropylene. Urea grade "B" (SC Turkmenchemistry") was the subject of the transactions of businessmen from Scotland, Turkey...

Turkmenistan welcomes the creation of the first JV in the gas industry

To foreign investors in Turkmenistan opens a very promising direction of development of mutually beneficial business establishment of a service joint venture for maintenance and repair of equipment in the gas industry. About the relevance of establishing such joint ventures, said chairman of the State Concern "Turkmengas" Ashyrguly Begliyev during the VII International gas Congress...

The recommendations of scientists help to increase the flow of gas from the wells

The specialists of the Research Institute of natural gas of the State Concern "Turkmengas" has developed and implemented dozens of scientific and technical solutions to improve quality of well cementing in the squares and fields on which to conduct drilling operations units of the State Concerns "Turkmengas" and "Turkmengeology". Currently on the territory of the first...

China received from Turkmenistan 138,6 billion cubic meters of gas

Since the beginning of operation of the gas pipeline Turkmenistan-Uzbekistan-Kazakhstan–China and as of May 19, 2016 the total volume delivered from Turkmenistan to China natural gas reached 138,6 billion cubic meters. These data were made in the report of the representative of China national petroleum Corporation (CNPC) at the VII International gas Congress of Turkmenistan...

Baku and Ashgabat are discussing options of supply of the Turkmen gas along "The Southern gas corridor"

Azerbaijan and Turkmenistan conduct negotiations concerning opportunities of transportation of the Turkmen gas to Europe along "The Southern gas corridor", reports news agency Trend with reference to the Minister of Energy of Azerbaijan Natig Aliyev. "There are two pragmatic options. The first - construction of the Transcaspian pipeline, the second - to connect platforms in the...

Desire to invest in the TAPI project has been expressed by IsBD, the Saudi Development Fund and financial structures of Japan

Intention to participate in financing of construction of the TAPI gas pipeline has been declared by representatives of Islamic Development Bank, Saudi Development Fund and the government of Japan. It was reported during the VII international gas congress of Turkmenistan by the head of consortium "TAPI pipeline company" on construction and control of the TAPI...

The EBRD is considering participation in the project of the transnational gas pipeline TAPI

The possibility of participation of the European Bank for reconstruction and development in the construction of a transnational TAPI gas pipeline was discussed during the meetings of President of Turkmenistan Gurbanguly Berdimuhamedov with the head of the EBRD Sumomo Chakrabarti. In addition, the subject of detailed discussion were also proposals for the implementation of new projects...

Large-scale works at Seydi Oil Refinery gather pace

Considerable results have been achieved for last four months since the beginning of this year at Seydi Oil Refinery. Improving financial and economic indicators of the enterprise, employees of plant make a powerful contribution to social and economic development of the country.  It is well known that ensuring production with raw materials is one of the...

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