Last Friday, President Gurbanguly Berdimuhamedov held a meeting of the Cabinet of Ministers via video link, at which the results of the work of the national economy sectors, including the oil and gas complex, for five months of this year were summed up.

Last week, 76 transactions were registered at the biddings of the State Commodity and Raw Materials Exchange of Turkmenistan.

A significant part of the oil wells developed by the State Concern “Turkmennebit” consists of small formations, which creates certain difficulties in their development. High watering of productive formations, as well as other factors lead to a decrease in the productivity of oil wells. The development of hard-to-recover reserves and an increase in the efficiency of well operation require the introduction of modern methods of increasing oil recovery.

On Thursday, an online meeting was held at the Central Office of the Oil and Gas Complex of Turkmenistan with ENI (Italian Republic) Executive Director for Central Asia Luca Vignati. The negotiations were attended by the Advisor to the President of Turkmenistan on oil and gas issues Yagshigeldy Kakaev.

The training of highly qualified specialists who are able to successfully solve production problems associated with new scientific developments is possible only if the educational process is closely connected with research work. Teachers and students in the laboratory of the Oil and Gas Faculty of the International Oil and Gas University of Turkmenistan (IOGU) regularly hold such events.

Gas workers of the economic organization “S.Turkmenbashietrapgaz” of the “Dashoguzgazupdzhunchilik” management are increasing the pace of uninterrupted supply of blue fuel not only to cities and urban-type settlements, but primarily to remote villages in the western part of the Dashoguz region. Now natural gas is piped to more than 21,560 households and institutions.

The meeting of the group on modernization of the Energy Charter Treaty was held on Tuesday at the Ministry of Foreign Affairs of Turkmenistan in the format of an online conference, the website of our foreign ministry reports.

The issues of modernization and increasing the export potential of the electricity industry in Turkmenistan were discussed during a workshop held on Monday by President Gurbanguly Berdimuhamedov with the participation of Vice Chairman of the Cabinet of Ministers Shamuhammet Durdylyev and Minister of Energy Charymurad Purchekov.

Oil prices rise on Tuesday on reports that oil-producing countries, led by Russia and Saudi Arabia, may extend the current level of production cuts until September 1, INTERFAX said.

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.