At the auction, the amount of foreign exchange transactions exceeded $57 million USD

10:08 17.02.2021 5968

https://oilgas.gov.tm/storage/posts/1653/original-1602a0d79586f4.jpeg

At the auction, the amount of foreign exchange transactions exceeded $57 million USD

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

 Entrepreneurs from the United Arab Emirates, Scotland, Afghanistan purchased for foreign currency liquefied gas and motor gasoline produced at the Turkmenbashi complex of oil refineries, as well as diesel fuel from the Seydi oil refinery.

 Also, cotton yarn and one-colored and jacquard terry products were sold for foreign currency.  Purchasing countries: Russia, UAE, Turkey, Ukraine, Pakistan, Azerbaijan, Georgia and Kyrgyzstan.

 The total amount of transactions exceeded $57 million USD.

 For manat funds, buyers from the UAE, Turkey, Pakistan, Kazakhstan purchased cotton yarn.  The total amount of transactions amounted to over 67 million manat.

 For the local market, domestic businessmen purchased high-density polyethylene produced by the State Concern «Turkmengas», as well as cotton fiber and handmade carpets for a total amount of about 30 million 618 thousand manat.

Other articles

1668f9d566355e.jpg
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.


16812179056a12.jpg
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.


1681322e9cf6e0.jpg
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.


161ef8fd5a34f7.jpeg
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.