President of Turkmenistan instructed to continue work on attracting foreign investment in the fuel and energy complex
15:04 01.04.2022 5510
Last Thursday, President Serdar Berdimuhamedov held a meeting of the Cabinet of Ministers via the digital system, at which topical issues of the life of the state and drafts of a number of documents aimed at further developing the basic sectors of the national economy were considered.
During the meeting, Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov reported on the results of the International Forum on Attracting Foreign Investments in the Oil and Gas Industry of Turkmenistan.
As emphasized, among the main factors of the growing attractiveness of Turkmenistan for foreign investors is the stable economic and political situation in the country, as well as the relevant legislative framework.
The forum participants were acquainted with the achievements of the domestic oil and gas industry, further plans for its development. Separate speeches were devoted to such topics as the development of the Turkmen sector of the Caspian Sea, the diversification of Turkmen natural gas supplies and the creation of a reliable and stable system for bringing energy carriers and gas chemical products to international markets, the construction project of the transnational gas pipeline Turkmenistan-Afghanistan-Pakistan-India.
Summing up the report, President Serdar Berdimuhamedov noted that for the development of one of the leading sectors of the national economy – the fuel and energy complex – large-scale projects are being implemented in our country, the necessary conditions are being created for further increasing the production capacity of the industry.
In this context, the head of state stated with satisfaction that in the development of natural resources, Turkmenistan demonstrates their rational use, concern for environmental protection, and the implementation of important international initiatives to ensure energy security in the regional and global dimensions.
Noting that in recent years Turkmenistan has significantly strengthened its position in the world energy market as the largest supplier of energy carriers, the President instructed to continue work on actively attracting foreign investment in the domestic fuel and energy complex.
The Islamic Development Bank will finance a number of projects in Turkmenistan
At the 356th meeting of the Board of Executive Directors of the Islamic Development Bank (IDB), the allocation of US$368.98 million was approved to finance new development projects in member countries. These include projects in Turkey, Turkmenistan and Suriname, the MIC of Turkmenistan reports with reference to the bank’s official website.
Hydrogeologists conduct an effective search for groundwater in Dashoguz region
The Dashoguz hydrogeological expedition, which is one of the leading enterprises of the State Corporation «Turkmengeology», is confidently entering the new year 2022, the motto of which is «Epoch of people with Arkadag». For a number of years, the expedition's specialists have been demonstrating effective results in the study of the reclamation and ecological state of lands and in the search for drinking water resources.
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).
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.
The next issue of the journal “Oil, gas and mineral resources of Turkmenistan” was published
The first issue in 2023 of the socio-political and scientific journalism journal “Oil, Gas and Mineral Resources of Turkmenistan” of the State Concern “Turkmennebit” has been published.