Over the past reporting period of the year, which is held under the motto "Epoch of people with Arkadag", the gas production department "Körpeje" of the trust "Nebitgazchykarysh" of the State Concern "Turkmennebit" produced more than 1 billion 52 million tons of "blue fuel" from existing wells. cubic meters, while the plan was fulfilled by 121.5%.

World oil prices could show a «parabolic» movement this year, rising to record highs and triggering a slowdown in global economic growth, said Jeremy Weir, head of Trafigura, one of the world's largest independent oil traders, Interfax reports.

Oil prices continue to rise on traders' expectations that the demand for energy resources on the world market will exceed their supply due to the start of the automobile season in Western countries, as well as the lifting of anti-COVID restrictions in China, Interfax reports.

A wide range of issues of bilateral cooperation, with an emphasis on the implementation of agreements reached earlier at the highest state level, were discussed on Tuesday during the talks between the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and his Chinese counterpart Wang Yi, the website of the Foreign Ministry of Turkmenistan reports.

Minister of Foreign Affairs of Turkmenistan Rashid Meredov met on Tuesday with Foreign Minister of Kazakhstan Mukhtar Tleuberdi as part of the meeting of the heads of foreign affairs agencies in the «Central Asia – China» format, held in Nur-Sultan. This is reported by the website of the Foreign Ministry of Turkmenistan.

On Monday, Vice-Chairman, Minister of Foreign Affairs of Turkmenistan Rashid Meredov and Deputy Prime Minister of the Russian Federation Alexei Overchuk by phone discussed issues related to the forthcoming official visit of the President of Turkmenistan Serdar Berdimuhamedov to the Russian Federation. This is reported by the website of the Foreign Ministry of Turkmenistan.

On Monday, the Vice-Chairman, Minister of Foreign Affairs of Turkmenistan Rashid Meredov had a telephone conversation with the Minister of Foreign Affairs of the Russian Federation Sergey Lavrov, the website of the Foreign Ministry of Turkmenistan reports.

Yesterday, a reporting meeting was held in the Central building of the oil and gas complex of Turkmenistan, at which the results of the work of enterprises in the industry for January-May of this year, held under the motto «Epoch of people with Arkadag», were discussed.

Last Saturday, President of Turkmenistan Serdar Berdimuhamedov held an expanded joint meeting of the Cabinet of Ministers and the State Security Council, at which the results of the work of the sectors of the national economy for January-May 2022 were summed up.

As a result of the purposeful work of the government and the people in January-May, a high GDP growth rate of Turkmenistan was maintained at the level of 6.2 %. This was stated by President Serdar Berdimuhamedov at an enlarged joint meeting of the government and the State Security Council held last Saturday.

President of Turkmenistan Serdar Berdimuhamedov will pay an official visit to Russia this week, during which he will hold talks with President of the Russian Federation Vladimir Putin. This is reported by Russian news agencies.

The urgency of the project of transporting Turkmen gas through Iranian territory to Azerbaijan was emphasized during the talks by Deputy Prime Minister of the Republic of Azerbaijan Shahin Mustafayev and Iranian Oil Minister Javad Ovji, AZERTAC news agency reports citing the Cabinet of Ministers of Azerbaijan.

World oil prices fell slightly on Friday morning, remaining above $117 per barrel. This is evidenced by the auction data, the Azerbaijani news agency Report reports.

President of Turkmenistan Serdar Berdimuhamedov, who left for Saudi Arabia on Wednesday, visited the spiritual capital of the Muslim world, the city of Mecca. One of the goals of the Turkmen leader's first foreign visit is to perform the rite of Umra Hajj (small pilgrimage), the State News Agency of Turkmenistan writes.

On Tuesday, May 31, 5 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of 11.4 million US dollars and 11.1 million Turkmen manats, ORIENT reports.