The President of Turkmenistan invited the Mejlis to improve the laws “On Foreign Investments” and “On Hydrocarbon Resources”
22:20 07.04.2023 6834
President Serdar Berdimuhamedov proposed to the new Mejlis of Turkmenistan to improve the laws “On Foreign Investments” and “On Hydrocarbon Resources” in order to attract foreign investment and technology.
The head of state said this on Thursday in his speech to the deputies of the new Mejlis of Turkmenistan of the seventh convocation, where he outlined the main directions for improving national legislation in various fields.
“Turkmenistan has colossal reserves of hydrocarbon raw materials by world standards, taking this into account, the task of intensive development of the national economy by equipping the industrial sector with high technologies and attracting foreign capital is put at the forefront,” Serdar Berdimuhamedov said.
“In the context of bringing the legal framework of the activities carried out in this area in line with modern requirements, it would be advisable to improve the Laws of Turkmenistan “On Foreign Investments” and “On Hydrocarbon Resources,” the head of state continued.
It should be noted that in terms of natural gas reserves, Turkmenistan ranks fourth in the world in terms of proven natural gas reserves after Russia, Iran and Qatar.
Among the largest projects in the oil and gas sector of Turkmenistan are the development of the giant Galkynysh gas field, the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, the increase in processing capacities, including in gas chemistry, the development of oil and gas fields in the Turkmen sector of the Caspian Sea.
President of Turkmenistan: the Ashgabat-Turkmenabat highway will determine the success of the development of international transport corridors
The development of transport corridors of Turkmenistan in the East-West and North-South directions remains one of the priority goals, the success of which is largely determined by the Ashgabat-Turkmenabat expressway with a length of 600 kilometers, President Serdar Berdimuhamedov said at the opening ceremony of its second section - Tejen-Mary, which took place April 17.
At TCOR in January-May, kerosene production increased by 6 thousand tons
The Turkmenbashi complex of oil refineries is increasing the production of kerosene, which is in great demand both in the domestic and foreign markets. For five months of this year, the growth in the production of this type of fuel was 105%.
President Serdar Berdimuhamedov visited Uzbekistan to participate in the SCO summit
On the morning of September 15, the President of Turkmenistan arrived in Uzbekistan to attend the regular meeting of the Shanghai Cooperation Organization (SCO), which will be held on September 15-16 in Samarkand.
New issue of the magazine «Oil, Gas and Mineral Resources of Turkmenistan» has been published
The next issue of the magazine “Oil, Gas and Mineral Resources of Turkmenistan” of the State Concern “Turkmennebit” has been published this year under the title “Turkmenistan – Homeland of Peace and Trust”.
Turkmenistan leads in the supply of pipeline gas to China
In April of this year, China imported 4,227 billion rubles. cubic meters of pipeline gas, which is 800 million cubic meters more than in April 2020. Of the total volume, more than 60% was accounted for by deliveries from Turkmenistan - 2.576 billion rubles. cubic meters of "blue fuel". This is reported by Interfax with reference to the data of the General Administration for Customs of the People's Republic of China.