News Archive ()

Turkmen section of TAPI gas pipeline brought to border with Afghanistan

A report on the pace of construction of the Turkmen section of the transnational gas pipeline Turkmenistan-Afghanistan-Pakistan-India was made at a government meeting last Friday by Vice-Chairman of the Cabinet of Ministers of Turkmenistan Myratgeldi Meredov. As reported, this section is fully provided with steel pipes. The State Concern “Turkmengas” has entered into an agreement with...

Polymers and textiles – in the top exchange trading

Last week, 67 transactions were registered at the biddings of the State Commodity and Raw Materials Exchange of Turkmenistan. Entrepreneurs from the Russian Federation, Great Britain, the United Arab Emirates, and Afghanistan purchased polypropylene and aviation kerosene produced at the Turkmenbashi complex of oil refineries for foreign currency. High-density polyethylene, polypropylene, EKO-93 brand gasoline (manufactured by...

Oil prices end May with a significant increase

 On Friday, oil prices are falling amid growing tensions between the United States and China, but end May with a significant increase.  According to Interfax, Brent has risen in price this month by 39%, while WTI - by a record 76%.  The cost of July Brent crude futures on the London ICE Futures exchange at 8:05...

Ukraine is considering importing natural gas through the Southern Gas Corridor

 Ukraine is considering the possibility of importing natural gas supplied to the European market as part of the second and third phases of the Southern Gas Corridor (SGC) project.  According to Trend, economic adviser to the Ukrainian Embassy in Azerbaijan Sergey Shtelyuk said this.  He recalled that joining Ukraine to the work of the Advisory Board...

Presidents of Turkmenistan and Afghanistan discuss priority aspects of cooperation over the phone

On Wednesday, May 27, a telephone conversation took place between President of Turkmenistan Gurbanguly Berdimuhamedov and President of Afghanistan Mohammad Ashraf Ghani. The heads of the two states singled out fuel and energy and transport and communication spheres as priority areas of partnership, where large-scale projects have been implemented in recent years, including the construction of...

Prospects for cooperation in the fuel and energy sector with “Total” company discussed

Prospects for cooperation in the oil and gas industry were discussed during online talks held on Wednesday between representatives of Turkmenistan and the French company "Total". The Turkmen delegation was represented by adviser to the President of Turkmenistan on oil and gas issues Yagshigeldy Kakayev, heads of the state concerns "Turkmengas" and "Turkmennebit", the state Corporation...

Reconstruction of Zerger gas station in Lebap province has started

The builders of the cost-accounting repair and construction company of the "Turkmennebitonumleri" General Directorate carry out a range of works on the reconstruction and redevelopment of gas stations, repairs, and the construction of vertical tanks for storing fuel and lubricating oils.  Similar works are currently being carried out on the territory of the Lebap region...

Cheleken Peninsula: oil production is growing

 The bowels of the Cheleken Peninsula contain significant reserves of “black gold”.  The extraction of this valuable raw material is carried out here by specialists of the "Galkynyshnebit" oil and gas production department of the State Concern "Turkmennebit".  Successfully cope with the task management helps oil industry workers to use modern equipment and technologies in production,...

State concern "Turkmengas" and Mitsubishi discussed the implementation of joint projects in the oil and gas industry

Prospects for cooperation in the oil and gas industry were discussed during talks held last Friday via video link in the State concern "Turkmengas" with representatives of the Japanese Corporation Mitsubishi. The meeting participants noted the great potential for mutually beneficial partnership in the oil and gas industry. The priority aspects of cooperation are diversifying industry,...

Oil products and textiles are in the top of stock trading

At the State Commodity and Raw Materials Exchange of Turkmenistan, 40 transactions were registered last week. Entrepreneurs from the United Arab Emirates, Afghanistan, and Belize purchased aviation kerosene and gasoline produced at the Turkmenbashi complex of oil refineries for foreign currency. Businessmen from Afghanistan also purchased the straight-run gasoline produced at the Seidi refinery. Also, smooth-colored and...

Turkmengas diversifies production of Kiyanly Polymer Plant

The State Concern “Turkmengas” plans to diversify its production facilities at the Kiyanly Polymer Plant. In May, the concern announced a second international tender for the construction of an isobutane production unit at this plant. Turkmengas first announced a tender in March this year for construction work to diversify the use of natural gas at this...

Oil prices falls on negative signals from China, Brent fell to $34.4 per barrel

Oil prices fall on Friday after rising the day before to six-week highs, according to Interfax. A negative impact on the market was provided by the information that China for the first time since 1994 will not set a target for annual GDP growth rates due to the consequences of the coronavirus epidemic. In addition, the...

Enterprises of the fuel and energy complex of Turkmenistan are guided to export

One of the priority areas of the strategy implemented by President of Turkmenistan Gurbanguly Berdimuhamedov is the development of foreign economic relations. At a meeting of the Cabinet of Ministers on May 8, the head of state again drew attention to this, instructing to intensify work to increase the volume of exports of products manufactured...

Investments are increasing in the oil and gas complex of Turkmenistan

In accordance with the priorities of the economic strategy of Turkmenistan, significant financial resources are allocated for the modernization and diversification of the fuel and energy complex of our country, and investment in the leading sector of the national economy is increasing. For four months of 2020, the total volume of investments utilized in the fuel...

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