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Over the next ten years, Turkmenistan plans to intensify the development of the gas chemical industry. Deputy Prime Minister for the Fuel and Energy Complex Maksat Babayev made such a statement during the presentation of a number of specific projects to the government members. In particular, there will be reconstructed the natural gas processing plant and the facility for production of liquefied gas located at the Bagadzha deposit (Lebap Province).


On June 20, Ashgabat hosted a regular meeting of the Security Council of Turkmenistan chaired by President Gurbanguly Berdimuhamedov. The main theme of the event was developing transport corridors and ensuring international transport security. As noted during the meeting, taking into account Turkmenistan's geographical location and sufficiently high rates of development of its national economy, in the future the country can become a transcontinental strategic link that connects the economic systems of several regions.



The capital of Turkmenistan is hosting the Culture Week 2017, which is timed to coincide with the Day of the Workers of Culture and Art. This event was held for the first time in 2013, in the territory of the National Tourist Zone “Avaza.” Then it was gradually introduced in other regions of the country, presenting all the diversity of the historical and cultural heritage of the regions.


On June 20, the universal exhibition “International Economic Cooperation 2017” opened in Ashgabat. Its purpose is to demonstrate the opportunities of the Turkmen market and the prospects for cooperation of enterprises of various industries. The event was organized by the Chamber of Commerce and Industry. More than 80 state and private enterprises, companies and organizations were the participants of the exhibition. Of them, 56 companies were foreign and represented 20 countries.



Turkmenistan and other participants of the International Fund for Saving the Aral Sea (IFAS) intend to develop a program of assistance to the countries situated in the Aral Sea region.


In Turkmenistan, a new action has begun within the framework of the Ashgabat 2017 project on the initiative of President Gurbanguly Berdimuhamedov. During his familiarization with the progress of the capital's beautification in preparation for the Fifth Asian Games in Closed Rooms and Martial Arts scheduled for September 2017, he suggested that public servants of all ranks – both ordinary employees and heads of enterprises and institutions – should go to work on bicycles.


According to the experts of the International Monetary Fund, this year the volume of Turkmenistan's gross domestic product will increase by 6.5 percent. This forecast of the growth of the Turkmen economy was published by the international financial regulator on the basis of the results of the IMF delegation's working visit to the country, as well as on the results of the consultations of the Fund's representatives with their Turkmen counterparts in late May.


In 2016, Turkmenistan reduced its natural gas production for the first time in seven years: from 69.6 to 66.8 billion cubic meters or by about 4 percent as compared to the 2015 indicator. Such figures are given in the BP annual statistical survey that was recently published in the media. Worth recalling, the previous drop in production occurred in 2009, when the relations between Turkmenistan and Russia aggravated, which led to the stagnation of the country's gas sector.


The air company “Turkmenistan” will carry out the first test flight from Ashgabat to Dushanbe and back. As reported by the Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Tajikistan, Chary Atayev, during the press conference in Buchanba, the flight will take place on Monday, June 12. “On this day, a delegation of Turkmenistan, including representatives of the Union of Industrialists and Entrepreneurs and a number of ministries and departments, will arrive in Dushanbe on a direct flight from Ashgabat,” the Turkmen ambassador said.



During the first five months of 2017, the factories of the Turkmenbashi oil refinery complex in the cities of Seydi and Turkmenbashi (Turkmenistan) fulfilled the plan for the supply of oil products by 103.5 percent and processed over 2.7 million tons of oil. In physical terms, the volume of oil refining exceeded the target figure by 92,000 tons. Since the beginning of 2017, the company produced approximately 842,000 tons of gasoline of all brands, about 835,000 tons of diesel fuel and 67,400 tons of liquefied gas. All these figures are higher than the planned level of production.