In January-November 2021, oil and gas fields were discovered in the world with a total volume of estimated reserves of 4.7 billion barrels of oil equivalent – this is the lowest level in 75 years, Interfax reports, citing data of the Rystad Energy consulting company.

The spot gas price in Europe has easily reached a new «round» psychological level of $2000 per thousand cubic meters.

With great achievements and successes, the Seydi oil refinery is confidently moving towards new heights of progress, as evidenced by the company's socio-economic indicators this year.

Cooperation in the oil and gas and transport spheres are highlighted as priority areas of bilateral and multilateral cooperation between Turkmenistan and Kazakhstan. This was noted at the regular, 11th meeting of the Joint Intergovernmental Turkmen-Kazakh Commission on Economic, Scientific, Technical and Cultural Cooperation, which took place on Monday in Ashgabat, the website of the Ministry of Foreign Affairs of Turkmenistan reports.

On Monday, on behalf of President of Turkmenistan Gurbanguly Berdimuhamedov, talks between Vice-Chairman of the Cabinet of Ministers, Minister of Foreign Affairs of Turkmenistan Rashid Meredov and President of Pakistan Arif Alvi were held in Islamabad, the website of the Foreign Ministry of Turkmenistan reports.

The Turkmen side calls on the international community, and first of all, the countries of the Organization of Islamic Cooperation (OIC), to provide maximum assistance to the Afghan people. This was announced during the emergency meeting on the humanitarian situation in Afghanistan of the OIC Council of Foreign Ministers, which took place last Sunday in Islamabad, the website of the Foreign Ministry of Turkmenistan reports.

The issues of enhancing cooperation in the energy sector, and in particular, in the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) transnational gas pipeline were the focus of attention at the meetings of the Turkmen delegation during a working visit to Pakistan and India on December 18-20.

The leaders of the European Union countries discussed in detail the problem of high energy prices, but due to disagreements they could not formulate a final statement on this topic, Charles Michel, President of the European Council said, Interfax reports.

At the Turkmenbashi complex of oil refineries (TCOR), the construction of a complex of delayed coking and tar deasphalting units is nearing completion.

For 11 months of 2021, according to the Lebapgazçykaryş Office of the State Concern «Turkmengas», natural gas production amounted to 11 billion 293.5 million cubic meters. During the same period, 42 thousand 566 tons of gas condensate were produced. Thus, the employees of the department have fulfilled the production plan for the reporting period.

The spot price of gas in Europe with the opening of trading on Wednesday, December 15, continued to rise amid a weak contribution of alternative energy sources, an increase in prices in competing markets and a more severe than previously expected weather forecast in the region, Interfax reports.

The OPEC Fund for International Development (OPEC Fund) approved the allocation of $352 million for sustainable development operations around the world, of which $45 million - for Turkmenistan. This decision was made at the 178th session of the Board of Governors, which took place on December 15, according to the website of the Fund.

On Tuesday, a humanitarian cargo with food, textile and household products, as well as oil products was delivered from Turkmenistan to neighboring Afghanistan, the website of the Foreign Ministry of Turkmenistan reports.

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

In the Central building of the oil and gas complex of Turkmenistan, a solemn meeting was held on the theme “Reaching the boundaries of the oil and gas industry and geology in the year “Turkmenistan – the Homeland of Peace and Trust”.