Saudi Arabia plans to transfer 50% of its energy to gas by 2030, the rest to renewable energy sources (RES), said the country's energy minister, Prince Abdulaziz bin Salman during the Future Investment Initiatives forum in Riyadh, Interfax reported.

Oil prices tumble on Wednesday amid expectations of lower demand amid high incidence of COVID-19 and current restrictive measures, Interfax reports.

The specialists of the Drilling Operations Department (DOD) «Nebitdag» of the State Concern «Turkmennebit» finished the last year with high indicators. By the end of 2020, the drilling plan was completed by 121%.

Over the past year, workers of the “Nebitgazburavlayish” trust repair and mechanical plant of “Turkmennebit” State Corporation performed repair and mechanical work in the amount of more than 7 million 960 thousand manats, while the production target was fulfilled in excess of the plan.

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

The State Concern «Turkmennebit» will conclude with the company «Honghua International Co ,. LLtd» (PRC) contract for the purchase of drill pipes of various sizes.

The signing of the Memorandum on joint exploration, development and development of the Dostluk hydrocarbon field in the Caspian Sea by Turkmenistan and Azerbaijan is welcomed by the Turkish Foreign Ministry, Trend reports referring to Anadolu agency.

Over the past year, the specialists of the «Lebapgazchykarysh» department of the State Concern «Turkmengas» achieved good labor indicators at the North Balguyi production line.

The development strategy of the oil and gas production enterprise «Goturdepenebit» of the «Nebitgazchykarysh» trust of the State Concern «Turkmennebit» is aimed at exploration of new hydrocarbon resources and effective development of fields with the introduction of new technologies.

On Thursday, January 21, President of Turkmenistan Gurbanguly Berdimuhamedov met with President of Azerbaijan Ilham Aliyev via videoconference, the website of the Foreign Ministry of Turkmenistan reports.

The medicinal properties of licorice root and the active substance in its composition, glycyrrhizic acid, in the fight against COVID-19 were discussed on January 19 during an online meeting of Turkmen specialists with the head of the Virology Center of the Essen University Hospital (Germany), Professor, Dr. A. Kravchik.

Recently, a new plant for the production of polypropylene products was put into operation in the city of Ust-Labinsk, Krasnodar Territory (RF). The raw material for the operation of the enterprise is polymer balls supplied from Turkmenistan.

For 9 months of 2020, “Gazprom” has increased purchases of natural gas in Turkmenistan to 3.2 billion cubic meters, compared to 2.6 billion cubic meters in the same period in 2019. This is evidenced by the data from the memorandum of the concern's Eurobonds, Interfax reports.

At the end of 2020, Turkmenistan entered the TOP-10 countries of the world with the cheapest gasoline, according to the GlobalPetrolPrices.com website.

Today, January 15, 2021, with the participation of President of Turkmenistan Gurbanguly Berdimuhamedov, the ceremony of commissioning a new gas compressor station at the Malay gas field in the Lebap region of Turkmenistan was held.