President of Turkmenistan: it is necessary to intensify work on the development of allocated investments in the fuel and energy complex
12:42 04.05.2022 5002
Last Friday, the President of Turkmenistan Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers on the digital system. There drafts of a number of documents, as well as some other issues were considered. Among other things, issues of effective development of investments invested in the oil and gas industry in order to increase hydrocarbon production were discussed.
During the meeting, Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov reported on the steps taken to increase the production of hydrocarbon resources in the coming years.
Information was provided on the ongoing measures to provide financial support to the State Concerns «Turkmengas», «Turkmennebit» and the State Corporation «Turkmengeology» to finance the production of additional volumes of oil and natural gas in the next two years.
A separate topic of the report was the work currently being carried out by the State Concerns «Turkmengas» and «Turkmennebit» in oil and gas fields.
The Vice-Chairman also reported on the steps being taken to conclude a contract for the purchase of equipment for repair work at a number of gas fields.
As noted, in the coming years, the State Corporation «Turkmengeology» plans to drill exploratory wells at several sites in order to increase the production of natural gas and oil. It was also reported on the results of tenders held for the purchase of the necessary equipment and materials at the expense of loans allocated for the performance of these works, and the ongoing measures to conclude the relevant contract.
Having listened to the report, the President of Turkmenistan drew attention to the need to further increase the volume of production and processing of oil and natural gas by identifying new promising fields and reservoirs, modernizing existing ones.
Focusing on the importance of systematic diversification of the fuel and energy complex, strengthening effective cooperation with all interested foreign partners, the head of state instructed the Vice-Chairman to intensify work on the timely implementation of the plan for the development of allocated investments.
The work of the Interdepartmental Commission on the Caspian Sea was discussed at the Ministry of Foreign Affairs of Turkmenistan
The 63rd meeting of the Interdepartmental Commission of Turkmenistan on the Caspian Sea was held at the Ministry of Foreign Affairs on February 23. The meeting was attended by the relevant Vice-Chairmen of the Cabinet of Ministers of the country, the Director of the Caspian Sea Institute, heads of a number of ministries and specialized departments.
Products of oil refineries were sold at the auction
Last week, 35 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.
The President of Turkmenistan and the Vice President of the UAE noted the active dynamics of cooperation in the energy, oil and gas and other spheres
The development of bilateral cooperation was discussed at a meeting on February 21 between the President of Turkmenistan Serdar Berdimuhamedov and the Vice President, Deputy Prime Minister, Minister of the Presidential Administration of the United Arab Emirates Sheikh Mansour bin Zayed Al Nahyan, who arrived in our country on a visit, TDH reports.
Dynamic development of national investments is carried out at the fields of Turkmenistan
Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov, during an extended meeting of the government last Friday, reported on the work carried out by the oil and gas complex to increase oil and natural gas production, as well as the timely development of national investments in the coming years.
Liquefied gas and jet fuel were sold abroad at the auctions, and polypropylene and base oil were sold to the domestic market
27 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.