The demand for oil on the world market will begin to decline by the early 2030s, which means a reduction in oil budget revenues. This was stated by the head of the Accounting Chamber of the Russian Federation A. Kudrin, reports Neftegaz.RU.

The Seydi complex of oil refineries demonstrates great labor success every year, held under the motto «Turkmenistan – the Homeland of Peace and Trust», as evidenced by the results of work in January-April of this year.

The initiatives of Turkmenistan for the development of low-carbon energy and hydrogen fuel were announced by President Gurbanguly Berdimuhamedov on Tuesday at the high-level Global Round Table on the topic “Extractive Industries as an Engine of Sustainable Development”, held online by the UN Secretary-General António Guterres.

President Gurbanguly Berdimuhamedov approved the draft Program of intergovernmental economic cooperation between Turkmenistan and the Russian Federation for 2021-2023.

President of Turkmenistan Gurbanguly Berdimuhamedov was awarded the title of "Honorary Citizen of the City of Ashgabat". The resolution was adopted by the Mejlis of the Milli Gengesh of Turkmenistan on the eve of the City Day - May 25 on the occasion of the 140th anniversary of the official foundation of Ashgabat.

State Concern «Turkmengas» will sign a contract with PJSC «Pipe Metallurgical Company» (Russian Federation) and «GAZPROM Schweiz AG» (Swiss Confederation) for the purchase of pipe products. The corresponding decree authorizing the signing of this contract was signed by President Gurbanguly Berdimuhamedov during a government meeting held last Friday via video link.

The ceremony of awarding the winners of the creative competition «White City of Arkadag – Ashgabat», timed to coincide with the 140th anniversary of the founding of the Turkmen capital, was held in the Central Building of the Oil and Gas Complex of Turkmenistan last Friday.

Last week, 30 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan.

Specialists of the «Shatlykshahergaz» gas business enterprise of the «Marygazüpjünchilik» administration of Mary region provide uninterrupted gas supply, high-quality service for gas equipment and gas pipelines.

On Thursday, President Gurbanguly Berdimuhamedov visited the plant for the production of gasoline from natural gas in the Akhal region, where he got acquainted with the activities of this unique industrial complex and discussed with the leaders of the oil and gas sector the prospects for the construction of new gas chemical complexes.

Since the beginning of this year, the drillers of the State Concern "Turkmennebit" have been achieving high performance in drilling operations in fields rich in hydrocarbon raw materials.

Gas workers of the “Chardzhouetrapgaz” economic organization of the “Lebapzgazupjunchilik” management are increasing the pace of work on the uninterrupted supply of natural gas to the population of the Chardzhou province. Today, blue fuel is supplied through pipes to more than 22.2 thousand residential buildings.

The possibilities of developing trade and economic ties were discussed at a meeting between Vice-Chairman of the Cabinet of Ministers, Minister of Foreign Affairs of Turkmenistan Rashid Meredov and Minister of Energy and Industry of Kyrgyzstan Kubanychbek Turdubaev, who arrived in Ashgabat on a working visit, the website of the Foreign Ministry of Turkmenistan reports.

Talks between President of Turkmenistan Gurbanguly Berdimuhamedov and President of the Republic of Tatarstan of the Russian Federation Rustam Minnikhanov, who arrived in our country on a working visit, were held in Ashgabat on Monday, the State News Agency TDH reported.

The third oil loading terminal is being built at the Kenar enterprise for the storage and shipment of oil products of the Turkmenbashi complex of oil refineries. Vice-Chairman Shahym Abdrakhmanov reported on the progress of its construction at the meeting of the Cabinet of Ministers, which President Gurbanguly Berdimuhamedov held last Friday in the city of Turkmenbashi.