Oil demand in 2021 may recover by 5.5 million bp, while reserves may decline
10:36 12.03.2021 7222
Oil demand in 2021 may recover by 5.5 million b / d, Russian Deputy Prime Minister Alexander Novak said, INTERFAX reports.
According to him, the oil market is currently in a more stable situation, including thanks to the OPEC+deal. Demand is gradually recovering. Last year, it fell in the world as a whole by 20-22 million b/s. During this time, it recovered by about 15-17 million b/s. And this year, we expect the overall recovery in demand to be somewhere around 5.5 million b/d. The final recovery of pre-crisis demand is expected in 2022, " Novak said.
"There is a shortage in the market at the current time, which allows us to reduce the accumulated stock balances. And we expect that this year oil reserves will fall to the average 5-year value," he added.
Ashirguly Begliev appointed Advisor to the President of Turkmenistan on oil and gas issues
Ashirguly Begliev has been appointed Advisor to the President of Turkmenistan on oil and gas issues.
Demand for oil in 2022 will grow by 3.3 million barrels per day, the market will be in short supply – IEA
Demand for oil in 2021 increased by 5.5 million barrels per day, and in 2022 it will increase by 3.3 million bpd, Interfax and Bloomberg report citing a report by the International Energy Agency (IEA).
New Vice-Chairman for Fuel and Energy Complex of Turkmenistan appointed
Amanov Batyr Amangeldiyevich, who until that time had headed the State Concern “Turkmengas”, was appointed as the new Vice-Chairman for the fuel and energy complex of Turkmenistan.
Presidents of Turkmenistan and Uzbekistan discussed key issues of bilateral partnership by phone
Key issues of bilateral partnership were discussed by President of Turkmenistan Gurbanguly Berdimuhamedov and President of Uzbekistan Shavkat Mirziyoyev during a telephone conversation last Thursday, the State News Agency of Turkmenistan reports.
Labor successes of gas workers
Employees of the State Concern "Turkmengas" are making every effort to fulfill the tasks set by the head of state to increase the volume of natural gas production in the country. Of course, for domestic gas workers, this year, passing under the motto “The Fount of the Mind of Magtymguly Fragi,” like previous ones, will be marked by enormous labor successes.