British company Petro Gas LLP will build the third berth of the day TCOR
09:15 25.07.2021 8708
The Turkmenbashi complex of oil refineries will sign a contract with Petro Gas LLP (UK) for the design and construction of a third berth at the Kenar enterprise for the storage and shipment of petroleum products. The corresponding decree approving the deal was signed by President Gurbanguly Berdimuhamedov.
The document states that this facility must be put into operation within 30 months.
The draft of this resolution was presented to the head of the state at the government meeting held last week.
President Gurbanguly Berdimuhamedov noted that priority should be given to increasing the volume of crude oil shipments to the TCOR. The head of the state also focused on expanding the geography of sales markets for Turkmen oil products, as well as ensuring its supplies to domestic and foreign buyers in accordance with the established deadlines.
The President instructed Vice-Chairman Shakhym Abdrakhmanov to monitor compliance with all environmental requirements during the construction of a new berth.
The British company already has a successful track record in Turkmenistan. Earlier, Petro Gas LLP carried out the construction of the Malay gas compressor station with a capacity of 30 billion cubic meters of gas per year. And in 2017, the TCOR commissioned water treatment facilities built by this company.
Turkmenistan delegation discusses development of cooperation in oil and gas sector and transport in Tehran
The delegation of Turkmenistan headed by Vice-Chairman of the Cabinet of Ministers, Minister of Foreign Affairs of the country Rashid Meredov held meetings on development of cooperation in the fuel and energy sector and transport during the visit to Tehran, the Ministry of Foreign Affairs of Turkmenistan reported on February 11.
Auto fuel and liquefied gas became the subject of foreign exchange transactions at the auction
73 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Fuel and energy products were sold to foreign and domestic markets at exchange trades
36 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Traders expect high European gas prices to continue in coming years
Natural gas prices in Europe will remain high in the coming years amid continued supply shortages, traders believe, Interfax reports.
Recession risks push oil demand down - analysts expect $100 per Brent in 2 half of the year
Fears about a recession in the global economy, which may come due to the crisis in the energy market, dropped Brent prices by 7% during July. To date, the cost of a barrel has fallen below $103. Industry analysts are convinced that quotes will fall by a few more dollars and remain at this level until the end of 2022, Interfax reports.