30 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.

Ashgabat will host the International Exhibition and Conference «Construction, Industry and Energy of Turkmenistan – 2022» on August 6-7. The forum is dedicated to the Day of Construction and Industrial Complex Workers.

OPEC+ ministers decided to increase oil production quotas in September by 100,000 barrels per day, Interfax reported on Wednesday, citing a source in one of the delegations.

On the territory of the Mary region, the gas workers of the «Turkmengazburawlayysh» department of the State Concern «Turkmengas», in accordance with the plan developed by the concern, carry out large-scale drilling of wells simultaneously at three new gas fields. As a result of drilling operations carried out by geologists at the Sherepli gas field, a commercial flow of natural gas was obtained from the operational appraisal well No. 01.

Prospects for further development of relations between Turkmenistan and the Cooperation Council for the Arab States of the Persian Gulf were discussed at the meeting of Vice-Chairman, Minister of Foreign Affairs of Turkmenistan Rashid Meredov with the Secretary General of this organization Naif Falah Mubarak Al-Hajraf, the website of the Foreign Ministry of Turkmenistan reports.

- It is very difficult to fill the Southern Gas Corridor (SGC) with Azerbaijani gas alone; gas from Turkmenistan is also needed. - This was stated by Julian Bowden, a senior researcher at the Oxford Institute for Energy Studies (OIES), Trend reports.

Last week, 35 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.

Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov, during an extended meeting of the government last Friday, reported on the work carried out by the oil and gas complex to increase oil and natural gas production, as well as the timely development of national investments in the coming years.

OPEC's new Secretary General, Kuwait representative Haitham al-Ghais, will take office on August 1.

Turkmenistan has started exporting A-98 gasoline of EURO-5 and EURO-6 standards, the first batches were sold to entrepreneurs from the United Arab Emirates and Afghanistan.

Minister of Foreign Affairs of Turkmenistan Rashid Meredov and Chinese Ambassador Qian Naicheng at a meeting on Thursday noted the great potential of bilateral trade and economic cooperation in the interests of developing regional and international partnerships, the website of the Foreign Ministry of Turkmenistan reports.

Saudi Arabia is expected to raise the price of its flagship oil for Asia in September, although traders see potential for spot price cuts next month, PRIME quotes Bloomberg. The coming months could be a turning point for the oil market, traders say.

Turkmenistan is interested in the reconstruction of Afghanistan, its integration into the world economic relations, development of infrastructure. This was stated by the Deputy Minister of Foreign Affairs of Turkmenistan Vepa Khadzhiev at the international conference "Afghanistan: security and economic development", held in Tashkent, the website of the Ministry of Foreign Affairs of Turkmenistan reports.

More than 2 million 628 thousand tons of oil were processed in Turkmenistan in the first half of the year. During the same period, 2 million 630 thousand tons of crude oil were delivered to the country's refineries, the newspaper Neutral Turkmenistan reported on Wednesday.

The spot price of gas in Europe by Tuesday evening exceeded $2,200/ths.m3 in anticipation of the failure of another gas pumping unit on the Nord Stream, Interfax reports.