By the Decree of the President of Turkmenistan, Mammedov Toygeldi Bayrammyradovich was dismissed from the post of Deputy Chairman of the State Concern «Turkmennebit» as he failed to cope with the duties assigned to him.

The State Concern «Turkmennebit» at its own expense will conclude a contract with the company «KING EASE LIMITED» (PRC) for the purchase of 2309 tons of drill pipes of various sizes.

The state corporation «Türkmengeologiýa» plans to purchase geophysical equipment for the implementation of a modern method of seismic exploration – 3D modeling.

Oil prices are rising moderately on Friday morning after falling the day before, foreign media reported.

The spot price of gas in Europe on Thursday evening continued its active growth. A jump in prices at the end of the European trading session is usually the result of the influence of the growth of quotations in the Asian market, Interfax reports.

In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.

On Monday, August 22, 12 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $5.4 million, the ORIENT news agency reported.

At the 77th session of the United Nations General Assembly, which starts in New York in a few weeks, Turkmenistan will propose a number of initiatives, including in the energy sector. This is reported by the Ministry of Foreign Affairs of Turkmenistan.

For seven months of 2022, the State Concern «Turkmennebit» produced about 2 million 123 thousand tons of «black gold» and 2 billion 613 cubic meters of «blue fuel» from industrially developed wells. At the same time, the planned production plan for this period was fulfilled by 101.1% and 115.3%, respectively.

The well-known Turkmen scientist, expert and doctor of technical sciences Allaberdy Ilyasov considers the possibility of producing the chemical substance of neon in Turkmenistan very promising. This is reported by CentralAsia.news.

Last week, 36 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.

The Turkmenbashi complex of oil refineries plans to introduce an automated system for monitoring and accounting for emissions of pollutants into the atmosphere.

Specialists of the “Lebapgazchykarysh” Department of the State Concern “Turkmengas” have achieved high labor indicators for seven months of this year. During the reporting period, natural gas production under management amounted to more than 7 billion 214.6 million cubic meters, while the plan was fulfilled by more than 127%.

Gas prices in Europe this winter may exceed $4,000 per 1,000 cubic meters, according to Gazprom. As noted in the forecast posted on the company's Telegram channel, «gas prices have broken through the $2,500 mark on spot exchanges in Europe. According to conservative estimates, if the trend continues, prices will exceed $4,000 per 1,000 cubic meters in winter».