SOCAR Trading won the tender for the purchase of Turkmen oil Eni
09:56 24.12.2020 8471
Turkmenistan became SOCAR Trading (a trading subsidiary of SOCAR, SOCAR). Argus Media, an independent pricing agency, reported.
SOCAR Trading managed to bypass the largest players in the oil market - ENOC, Vitol, Rosneft, LUKOIL and Trafigura in the tender.
As a result, the Azerbaijani company returned to its portfolio part of the hydrocarbons purchased since 2017 by Vitol in Turkmenistan. Thanks to these changes, experts expect that supplies of Turkmen oil through the Baku-Tbilisi-Jeyhan oil pipeline will increase by reducing transit through Makhachkala and Novorossiysk.
Reportedly, during 2021, Eni Turkmenistan will ship about 30-40 thousand tons per month of Okarem oil. Meanwhile, the export of this raw material from Turkmenistan increased to 341 thousand tons from 310 thousand tons a year earlier. The entire volume is transported by tankers in the direction of Makhachkala for further pumping to Novorossiysk.
Checkers competitions
Twelfth game
A new gas flow was obtained at the Galkynysh field
The oil and gas industry, being one of the leading sectors of the national economy, plays an important role in strengthening the country's economic independence. The key aspect of the fundamental reforms in the fuel and energy complex implemented during the Renaissance of the new era of a powerful state is the effective use of the potential of the oil and gas industry, diversification of the sales market and radical modernization of infrastructure.
INTERNATIONAL FORUM TEIF 2025: HOW TURKMENISTAN OPENED NEW HORIZONS FOR GLOBAL INVESTMENTS
On April 23–24, 2025, the Turkmenistan International Investment Forum (TEIF 2025) was held in the heart of Kuala Lumpur, in the newest KLCC complex. More than 470 delegates from 42 countries gathered under one roof to witness a new stage in the investment policy of Turkmenistan – a state with a stable, prosperous and dynamic economy.
Gurbanguly Berdimuhamedov discussed priority areas of cooperation with the Federal President of Germany
On April 30, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov held a telephone conversation with the Federal President of Germany Frank-Walter Steinmeier, TDH reports.
Foreign Ministers of Turkmenistan, India and Pakistan discussed the progress of the TAPI project
The implementation of the project for the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was discussed on Monday in a telephone conversation between the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and his counterparts from India Subramanyam Jaishankar and Pakistan Shah Mahmud Qureishi, the website of the Foreign Ministry of Turkmenistan reports.