Employees of the repair and mechanical plant of Balkanabat of the trust "Nebitgazburavlaiysh" of the State Concern "Turkmennebit" are working hard, striving to increase the efficiency of production units at dozens of oil and gas fields.

The consumption of oil and liquid hydrocarbons in the world in 2022 will amount to 99.82 million barrels per day, which is 2.26 million b/d more than in 2021. This is stated in the monthly forecast of the Energy Information Administration of the US Department of Energy (EIA), Interfax reports.

Turkey expects to take part in the formation of prices for natural gas after the opening of a gas center on its territory. This was announced on Tuesday by Minister of Energy and Natural Resources Fatih Donmez.

Last week, 9 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.

Turkmenistan and the United States are committed to the further development of trade and economic ties. This was noted at the meeting of the Minister of Foreign Affairs of Turkmenistan Rashid Meredov with the US delegation headed by Assistant Secretary of State, Bureau of South and Central Asian Affairs of the US Department of State Donald Lu, which took place on Monday at the Ministry of Foreign Affairs of Turkmenistan.

President Serdar Berdimuhamedov on Monday at a meeting with US Assistant Secretary of State for South and Central Asian Affairs Donald Lu discussed topical issues of interstate cooperation, TDH reports.

Last Friday, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers, at which the results of the work of the sectors of the national economic complex for ten months of 2022 were summed up. Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov reported on the results of the oil and gas industry over the past period.

Turkmenistan's GDP in January-October 2022 increased by 6.2%. This was stated by President Serdar Berdimuhamedov at a government meeting last Friday, which reviewed the results of the country's socio-economic development for ten months of this year.

Last Saturday, a reporting meeting was held in the Central building of the Oil and Gas Complex of Turkmenistan, dedicated to the results of the work carried out over the past 10 months of the year since the beginning of the year of the “Epoch of people with Arkadag”. The meeting discussed the tasks set by President Serdar Berdimuhamedov for the oil and gas complex at an expanded meeting of the Cabinet of Ministers, held on November 4 via digital video link and dedicated to the results of the country's socio-economic development in January-October this year.

On the afternoon of November 3, the meeting of the Chairman of the Khalk Maslakhaty Milli Gengesh of Turkmenistan Gurbanguly Berdimuhamedov with the President of the Russian Federation Vladimir Putin took place in the Kremlin Palace in Moscow, the website of the Ministry of Foreign Affairs of Turkmenistan reports.

Russian oil and gas companies may have an opportunity to develop in Azerbaijan and Turkmenistan. Vagit Alekperov, a member of the board of the Russian Union of Industrialists and Entrepreneurs, told reporters about this on the sidelines of the International Exhibition and Conference of the Oil and Gas Industry in Abu Dhabi (ADIPEC), Orient reports.

Since the beginning of this year, Turkmenistan has been the largest supplier of gas to China, Interfax reports, citing data from the General Administration for Customs of the People's Republic of China.

The law on ratification of the agreement with Turkmenistan on the delimitation of the Turkmen-Kazakh state border on the Caspian Sea and the delimitation of adjacent sections of fishing zones was signed on Wednesday by President of Kazakhstan Kassym-Jomart Tokayev. The agreement between the countries was signed in Ashgabat in October 2021, the press service of the head of Kazakhstan reports.

Preparations for the next meeting of the Council of Ministers of Foreign Affairs of the Economic Cooperation Organization (ECO) were discussed on Wednesday via videoconference by the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and ECO Secretary General Khusrav Noziri. This is reported by the website of the Foreign Ministry of Turkmenistan.

Turkmen national oil and gas company Napeco has received a 5% stake in a production sharing agreement (PSA) with Dubai-based Dragon Oil, which operates at the Cheleken field in the Turkmen sector of the Caspian Sea. This is reported by the independent price agency Argus.