The state concern “Turkmennebit” operates mainly in the Western region of Turkmenistan. Here are concentrated oil fields, many of which began the industrial return of "black gold" since the end of the XIX century.

The possibilities of preparing a joint review with the International Energy Agency (IEA) on the prospects for the gas, oil and energy sectors of the economy of Turkmenistan were discussed during an online meeting of the IEA Executive Director Fatih Birol with Vice-Chairman for Oil and Gas Issues Myratgeldi Meredov, the website of the Foreign Ministry of Turkmenistan reports.

At the State Commodity and Raw Materials Exchange of Turkmenistan, 37 transactions were registered last week.

The production of polypropylene multifilament yarn has been established in Turkmenistan by the Abraýly dostlar individual enterprise. High-quality thread of various colors and shapes is produced using raw materials that are produced at the polymer plant in Kiyanly in the Balkan province.

The development of Russian-Turkmen trade and economic cooperation, including in the oil and gas sector, was one of the main topics of the briefing held for journalists by the Russian Federation's Ambassador to Turkmenistan Alexander Blokhin on Wednesday on the eve of Russia Day, celebrated on June 12.

The modernization of one of the Ashgabat gas stations, located in the 30th micro district of the capital, is carried out by the self-supporting repair and construction enterprise of the General Directorate "Türkmennebitönümleri". Upon completion, the city gas station will be completely reconstructed.

“Turkmengeologiya” State Corporation is implementing an extensive exploration program aimed at identifying new deposits of oil, gas and other natural resources. Thanks to the coordinated work of the geophysical expedition of the Lebap region of the SC “Turkmengeologiya”, the geography of exploration geophysical research and other works is expanding, acquiring a large-scale character.

In Turkmenistan, environmental protection is provided in a number of industries related to both oil production and its transportation, processing and use. As the Director of the Westport Trading Europe Limited branch in Turkmenistan, Allaberdy Ilyasov, told to the “Voice of the CIS” online radio, the American company has created samples of new-generation equipment that is successfully used in oil refining processes. The company's specialists develop a number of projects for the industrial sector, taking into account the preservation of the environmental environment.

The decision of OPEC + ministers made on Saturday, June 6 may accelerate the recovery of the oil market, said on Monday the president of the OPEC conference, Minister of Energy of Algeria Mohammed Arkab, reports TASS.

Today, June 8, a reporting meeting was held in the Central building of the oil and gas complex of Turkmenistan, chaired by the Vice-Chairman of the Cabinet of Ministers Myratgeldi Meredov, at which the results of the work of industry enterprises over the five months of 2020, held under the motto "Turkmenistan - Homeland of neutrality", were discussed. The meeting also examined important aspects of the implementation of the tasks assigned to the oil and gas complex.

Last Friday, President Gurbanguly Berdimuhamedov held a meeting of the Cabinet of Ministers via video link, at which the results of the work of the national economy sectors, including the oil and gas complex, for five months of this year were summed up.

Last week, 76 transactions were registered at the biddings of the State Commodity and Raw Materials Exchange of Turkmenistan.

A significant part of the oil wells developed by the State Concern “Turkmennebit” consists of small formations, which creates certain difficulties in their development. High watering of productive formations, as well as other factors lead to a decrease in the productivity of oil wells. The development of hard-to-recover reserves and an increase in the efficiency of well operation require the introduction of modern methods of increasing oil recovery.

On Thursday, an online meeting was held at the Central Office of the Oil and Gas Complex of Turkmenistan with ENI (Italian Republic) Executive Director for Central Asia Luca Vignati. The negotiations were attended by the Advisor to the President of Turkmenistan on oil and gas issues Yagshigeldy Kakaev.

The training of highly qualified specialists who are able to successfully solve production problems associated with new scientific developments is possible only if the educational process is closely connected with research work. Teachers and students in the laboratory of the Oil and Gas Faculty of the International Oil and Gas University of Turkmenistan (IOGU) regularly hold such events.