For 2020, the profit of the Serdar oil products enterprise of the Turkmennebitonumleri management amounted to 11.4 million manats, while the plan was fulfilled by 149%.

Vice-Chairman of the Cabinet of Ministers Shakhim Abdrakhmanov reported on the ongoing work on the implementation of digital technologies at enterprises and institutions of the oil and gas complex and ensuring information security during a government meeting chaired by President Gurbanguly Berdimuhamedov on February 19.

Foreign Minister of Turkmenistan Rashid Meredov will pay a visit to Ankara on February 22-24, where he will hold a number of meetings with colleagues from Turkey and Azerbaijan.

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

The Russian oil company Lukoil intends to take part in the development of the Turkmen-Azerbaijani «Dostluk» field in the Caspian Sea. This opportunity was discussed at the meeting of President of Turkmenistan Gurbanguly Berdimuhamedov with the head of PJSC Lukoil Vagit Alekperov, held last Thursday.

At the February 16 meeting of President Gurbanguly Berdimuhamedov with the new Ambassador of Pakistan to our country, Irfan Ahmed, special attention was paid to the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) transnational gas pipeline project.

Last year, GDP growth in Turkmenistan amounted to 5.9%. This was stated by President Gurbanguly Berdimuhamedov at the expanded meeting of the Cabinet of Ministers of Turkmenistan held last Friday, at which the results of 2020 were summed up.

Today in the Central building of the oil and gas complex of Turkmenistan held a meeting under the chairmanship of the Vice Chairman of the Cabinet of Ministers Shahim Abdrakhmanov, which discussed the results of work of enterprises of the industry for the year 2020 for the month of January of the current year, and discusses the important aspects of the implementation of the tasks of oil and gas complex at the enlarged meeting of the Cabinet of Ministers on 12 February this year.

The work at the enterprises and facilities of the oil and gas complex of Turkmenistan in the year of the 30th anniversary of the independence of our Motherland took a wide scope. During these days, the explorers of the "Lebapnebitgazgozleg" expedition of the "Turkmennebitgazgozleg" trust of the State Corporation "Turkmengeologiya" started drilling well No. 5 at the Agarguy site, located near the Malay field. The design depth of the well is 3,300 meters.

The International University of Oil and Gas of Turkmenistan was named after Yagshigeldi Kakaev, a statesman who oversaw the oil and gas complex of our country. The corresponding resolution was adopted by the Mejlis of Turkmenistan on behalf of President Gurbanguly Berdimuhamedov.

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

The President of Turkmenistan, by a decree of February 11, 2021, appointed Shakhym Abdrakhmanov as Vice-Chairman of the Cabinet of Ministers of Turkmenistan, relieving him of the post of rector of the International University of Oil and Gas.

On Thursday, February 11, President Gurbanguly Berdimuhamedov held an expanded joint meeting of the Cabinet of Ministers and the State Security Council of Turkmenistan via digital video communication system, at which personnel issues were considered, appointments and dismissals of a number of sectiral heads were made, as well as drafts of a number of documents were surveyed.

The International Energy Agency (IEA) has lowered its forecast for global oil demand in 2021 by 100 thousand b / d, to 5.4 million b/d.

Global oil supplies rose by 590,000 barrels per day in January to 93.6 million barrels per day, as production cuts by OPEC+ members eased and countries outside the deal increased production, according to a report by the International Energy Agency (IEA), INTERFAX reports.