Turkmenistan fully repaid loans from China allocated for the implementation of gas projects
21:12 14.06.2021 6908
Turkmenistan has fully repaid loans to China allocated earlier for the implementation of gas projects. This was announced by Vice-Chairman of the Cabinet of Ministers Shakhim Abdrakhmanov at a government meeting, which President Gurbanguly Berdimuhamedov chaired last Friday via video communication system.
- Currently, these borrowed funds have been fully returned, about which on June 8, 2021, an official notification was received from the Xinjiang branch of the State Development Bank of China, - the Vice-Chairman said.
The loans were attracted by the State Concern «Turkmengas» for the construction of the Turkmenistan-China gas pipeline and the industrial development of the Galkynysh gas field, a super-giant according to the international classification.
Highly assessing relations with the PRC, which is one of the major economic partners of Turkmenistan, Gurbanguly Berdimuhamedov emphasized that the Turkmen side attached great importance to the further development of bilateral ties, which were of a strategic nature, traditionally based on the principles of equality, mutual respect and mutual observance of interests.
As the head of the state emphasized, the fact that Turkmenistan repaid the loans provided by China on time and in full demonstrated that our Fatherland, as economically powerful state, responsibly approached the fulfillment of its obligations. It further increased the authority of independent, permanently neutral Turkmenistan in the world arena.
The leader of the nation addressed a number of specific instructions to the Vice-Chairman regarding the implementation of existing interstate agreements in the gas sector, as well as attracting foreign investments to the industry, entering new mutually beneficial joint projects.
The Turkmenistan-China gas pipeline was commissioned in December 2009. From that time until May of this year, 300 billion cubic meters of Turkmen gas were exported to China via the pipeline. Today, Turkmenistan is the largest supplier of pipeline «blue fuel» to the «Celestial Empire».
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.