TCOR will purchase 500 thousand tons of oil from foreign companies operating in Turkmenistan on a PSA basis
21:11 14.06.2021 17306
The Turkmenbashi complex of oil refineries will purchase up to 500 thousand tons of crude oil in 2021 from foreign companies operating in our country under the terms of Production Sharing Agreements (PSA). The corresponding decree was signed by President Gurbanguly Berdimuhamedov on Friday.
The draft resolution on the purchase of crude oil for further processing at the TCOR was presented to the head of state by Vice-Chairman Shakhym Abdrakhmanov at a government meeting last Friday. According to the document, during 2021 it is planned to purchase up to 500 thousand tons of oil from foreign companies operating in the country on the basis of Production Sharing Agreements.
In the spring, the President drew the attention of the leadership of the oil and gas industry to the incomplete load of oil refineries and instructed to take appropriate measures to remedy the situation.
At present, the TCOR capacities allow to process 10 million tons of crude oil annually. Among the products manufactured by the plant are gasoline, aviation and technical kerosene, diesel fuel, fuel oil, lubricating oils, polypropylene, liquefied gas, bitumen, etc.
The plant's products are sold both in the domestic market and are successfully exported. In particular, it is supplied to Afghanistan, Germany, Spain, Italy, China, Turkey, Pakistan, Russia, Japan and other countries.
Global demand for oil will grow until 2028, – IEA
The International Energy Agency (IEA) predicts in a June report that global oil demand will reach 105.7 million bpd in 2028, up 5.9 million bpd from 2022 levels.
Corporation “Turkmenenergo” will build solar power plants in remote areas of Turkmenistan
In remote settlements of Turkmenistan, the Turkmenenergo energy corporation plans to build solar power plants with a total capacity of more than 6 MW at the first stage. This was announced by the head of the service for the development of renewable energy sources “Turkmenenergo” Dovlet Allayarov at the International Scientific and Practical Conference: «Energy Prospects, New Technologies for the Development of Hydrocarbon Deposits”, which took place on Thursday in Ashgabat.
Pre-conference events were held at IUOG on the eve of the scientific forum
Two pre-conference events were held at the Yagshygeldi Kakaev International University of Oil and Gas (IUOG) on June 14 on the eve of the International Scientific and Practical Conference: «Energy Prospects, New Technologies for the Development of Hydrocarbon Deposits».
Schoolchildren’s summer holiday season starts in Geokdere
The summer vacation season is currently in full swing in our country. Tired of the school bustle, the children plunged headlong into the atmosphere of joy, fun and new adventures that every day gives them, spent in one of the many children’s health centers in the picturesque corner of our country – the Geokdere Gorge.
TS-1 aviation kerosene and oil bitumen were in demand at exchange trading
At the auction on Monday, June 12, 24 transactions were concluded for a total of $1 million and 150 million Turkmen manats, ORIENT reports.