TCOR will purchase 500 thousand tons of oil from foreign companies operating in Turkmenistan on a PSA basis
02:11 15.06.2021 15463
The Turkmenbashi complex of oil refineries will purchase up to 500 thousand tons of crude oil in 2021 from foreign companies operating in our country under the terms of Production Sharing Agreements (PSA). The corresponding decree was signed by President Gurbanguly Berdimuhamedov on Friday.
The draft resolution on the purchase of crude oil for further processing at the TCOR was presented to the head of state by Vice-Chairman Shakhym Abdrakhmanov at a government meeting last Friday. According to the document, during 2021 it is planned to purchase up to 500 thousand tons of oil from foreign companies operating in the country on the basis of Production Sharing Agreements.
In the spring, the President drew the attention of the leadership of the oil and gas industry to the incomplete load of oil refineries and instructed to take appropriate measures to remedy the situation.
At present, the TCOR capacities allow to process 10 million tons of crude oil annually. Among the products manufactured by the plant are gasoline, aviation and technical kerosene, diesel fuel, fuel oil, lubricating oils, polypropylene, liquefied gas, bitumen, etc.
The plant's products are sold both in the domestic market and are successfully exported. In particular, it is supplied to Afghanistan, Germany, Spain, Italy, China, Turkey, Pakistan, Russia, Japan and other countries.
Gurbanguly Berdimuhamedov set tasks for the development of the gas industry in Mary and Lebap regions
As part of a working trip to Mary and Lebap regions, President Gurbanguly Berdimuhamedov held a working meeting with the leaders of the oil and gas complex of Turkmenistan on Tuesday, the State News Agency of Turkmenistan reports.
President of Turkmenistan visited the world's largest gas field «Galkynysh»
On Monday, January 3, on the first working day of 2022, President Gurbanguly Berdimuhamedov made a working trip to Mary region. From Mary airport, the head of state flew by helicopter towards the super-giant Galkynysh gas field, which has colossal reserves of natural gas.
Turkmenistan will supply Iraq with 9 billion cubic meters of natural gas per year
On Wednesday in Ashgabat, representatives of the State Concern Türkmengaz met with the delegation of the Republic of Iraq led by the Minister of Electricity Ziad Ali Fadel.
The President of Turkmenistan arrived in Tashkent to participate in the ECO meeting
President of Turkmenistan Serdar Berdimuhamedov arrived in Tashkent on Thursday on a working visit to participate in the 16th meeting of the Economic Cooperation Organization (ECO), TDH reports today.
Serdar Berdimuhamedov: Turkmenistan is ready to increase supplies of gas and electricity to the ECO countries
President of Turkmenistan Serdar Berdimuhamedov, speaking on Thursday at the 16th meeting of the Economic Cooperation Organization (ECO) in Tashkent, announced his readiness to increase gas and electricity supplies to the countries of the Organization, TDH reports.