Increasing the role of the non-state sector in the economy is determined by one of the key vectors of the Program of Socio-Economic Development of Turkmenistan for 2020-2025, President Gurbanguly Berdimuhamedov emphasized during a government meeting on Friday, October 15.

CNPC has become a platinum sponsor of the 26th International Conference «Oil and Gas of Turkmenistan» (OGT 2021), which will be held in Ashgabat on October 27-28 on the occasion of the 30th anniversary of the Independence of Turkmenistan.

In connection with the unprecedented rise in prices for blue fuel in Europe, the Minister of Energy of Saudi Arabia, Prince Abdel Aziz bin Salman Al Saud, proposed starting to regulate the gas market, as OPEC + does in the oil sector.

On October 29, the next auction for the sale of state property will be held in the building of the Ministry of Finance and Economy of Turkmenistan, at which 30 objects will be put up. Their list was published in the official Turkmen press today.

President Gurbanguly Berdymuhamedov suggested beginning discussion simplifications of customs and migratory procedures and other prominent aspects of cooperation in the transport sphere on the United Nations platform together with the global strategy of transport interaction of issues of harmonisation of rules.

Great increase in the cost of natural gas and oil will strengthen the national economies of traditional energy exporters, including Turkmenistan. Crude oil has risen by 64% this year to a seven-year high. Natural gas prices have almost doubled in the last six months, which became the highest point since 2014. Coal prices are also setting records.

The 26th International Conference “Oil and Gas of Turkmenistan” (OGT-2021) will be held on October 27-28, 2021 in Ashgabat. The Conference, dedicated to the 30th anniversary of the Independence of Turkmenistan, is organized by the State Concerns “Turkmengaz”, “Turkmennebit” and State Corporation “Turkmengeology” in partnership with Turkmen Forum and UK-based GaffneyCline.

The international shopping centre within the limits of project Ready4Trade in Central Asia carries out online training on commercial diplomacy and conducting trading negotiations for Turkmen experts.

On 27-28 of October, Ashgabat will host the 26th International Conference “Oil and Gas of Turkmenistan” (OGT 2021), dedicated to the 30th anniversary of Turkmenistan’s Independence. The plenary session of the Conference will focus on the future of global energy and will see the presentation by HE Mohammad Sanusi Barkindo – Secretary General of Organization of the Petroleum Exporting Countries (OPEC), who will join the forum online.

From 2015 to 2020, Turkmenistan has increased export to Russia by 339, 7 %, the data from research of processes international regionalization Institute of economy of the Russian Academy of Sciences testifies.