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Turkmenistan

05.09.2016

In October 2016, the Turkmenbashi complex of oil refineries will commission a new plant that will produce polypropylene film. According to the press center of the Turkmen oil and gas industry, at the present time construction works are nearing completion on a shop floor with a total area of 6,000 square meters. In September, there will be started commissioning works.

 

The new plant will have an annual capacity of 21,000 tons of products. The general contractor for construction of the new plant is PT Istana Karang LAUT (Malaysia).

 

01.09.2016

Turkmenistan is currently discussing the possibility of diversifying gas exports by beginning to supply it to the European Union. On August 29, this statement was made by President Gurbanguly Berdimuhamedov during a joint press conference with German Chancellor Angela Merkel. According to the Turkmen leader, the country hopes to sell its gas to Europe and is already in talks with the leaders of the non-EU countries with a view to settling the technical and legal issues.

 

16.08.2016

As a result of the environmental monitoring in the Turkmen sector of the Caspian, it was found out that the content of all kinds of harmful impurities is within the permissible limits. According to the local media, the results of analyzes of sea water samples have been similar in the recent years. The monitoring of the state of the coast and sea water is carried out by the Caspian Environmental Service “Caspian Environment Control,” which is a division of the State Committee for Land Resources and Environment Protection of Turkmenistan.

 

10.08.2016

In Turkmenistan, a new international port will be built in Turkmenbashi, on the coast of the Caspian Sea. Its total area of will exceed 645,000 square meters; the structure of this facility will include modern shipbuilding and repair yards. According to the maritime industry sources, the preliminary estimates read that the plants will be capable of building 4-6 ships annually for the needs of the Turkmen fleet, while also repairing 20-30 vessels during the same period.

 

03.08.2016

According to the Ministry of Foreign Affairs of Turkmenistan, Turkmen Foreign Minister R. Meredov and Patrick Pascal, the incumbent Ambassador Extraordinary and Plenipotentiary of France in the Turkmen Republic, held a meeting on August 1.

 

25.07.2016

Turkmenistan has tightened restrictions on the purchase of foreign currency for both legal and natural persons. According to local media, currently exchange operations are carried out only by commercial banks, and their access to foreign exchange resources is limited. The reason of such restrictions is the sharp decline in revenues of the state budget due to the reduced volumes of export supplies of hydrocarbon raw materials (primarily natural gas): by 41.5 percent in Q1 2016.

 

22.07.2016

In September 2016, a new constitution will be adopted in Turkmenistan. This should occur in Ashgabat on the 14th, during a meeting of the Council of Elders. On July 20, local media reported that the decree on convening the Council, as well as the regulation regarding its conduct were signed by President Gurbanguly Berdimuhamedov. Besides the delegation of elders coming from all regions of the country, the Council of Elders will be participated by the entire government team of the state, including the Parliament of Turkmenistan.

15.07.2016

The Turkmen State Concern “Turkmengaz” intends to accelerate the pace of work at the country's largest super-giant gas fields “Galkynysh.” This is stated in the press release published on July 12 by the Ministry of Oil and Gas. According to the department, this acceleration will be largely facilitated by the drilling rigs ZJ-70DBS that were recently acquired in China. All the active production wells at this unique field boast high productivity.

13.07.2016

Representatives of Chinese business circles have declared their readiness to further expand their presence in Turkmenistan through active participation in development of the promising market of this Central Asian country. According to the statement of the Turkmen government, during the meeting between President of Turkmenistan Gurbanguly Berdimuhamedov and representatives of the CNPC (China National Petroleum Corporation) Gunsunom Lu and Wang Yilin, there were discussed the prospects for further expansion of business cooperation of the two countries.

13.07.2016

Turkmenistan considers the promising options and routes of exporting electricity to neighboring countries of the region, primarily Pakistan and Tajikistan. According to the report of the Government, the export potential will be significantly expanded by the newly commissioned gas turbine power plant in Lebap Province. Its design capacity is 245 MW; the construction project has been implemented by the Turkish company “Çalyk Enerji Sanayi we Ticaret A.Ş.”