Fitch Ratings has raised its forecast for oil prices in 2023-2024, as well as for natural gas in Europe in 2024 and 2026. The agency explained the revision of oil forecasts by the fact that OPEC+ continues to keep supply volumes under strict control.
The ministerial meeting of landlocked developing countries will be held on December 14-15 in Yerevan, Armenpress reports.
Uzbekistan became the largest seller of gold in the world in October, the World Gold Council reports.
The startup forum was held in Ashgabat on December 8, on the eve of Turkmenistan’s Neutrality Day. The event was organized within the framework of the “Startup Ecosystem – 2023” program, which is implemented by the Union of Economists of Turkmenistan and the USAID project for the development of modern professional skills. The goal of the program, which is now in its fourth year, is to promote youth innovative entrepreneurship and the development of the business acceleration services market in Turkmenistan.
Bonded warehouses will appear in Kazakhstan. The Ministry of Transport of the Republic put forward a corresponding initiative.
The Iranian Ambassador to Turkmenistan stressed the need to expand bilateral relations with neighboring Turkmenistan.
From December 4 to December 7, 2023, the Islamic Development Bank (IDB) held a four-day procurement seminar in Ashgabat.
The Air Transport Agency - "Türkmenhowaýollary" - is leading among the sectors of the transport and communications complex in increasing the volume of services provided this year. During the period from January to November, the civil aviation industry recorded a growth rate of 199% compared to the same period last year.
From January to November, Turkmenistan exported natural gas in volumes 13.8% higher than planned for this period. At the same time, based on the results of 11 months, the plan for the production of natural and associated gas was fulfilled by 107.6%, for the production of liquefied gas - by 116.1%, gasoline - by 103%, diesel fuel - by 102.8%, lubricating oils – by 104.5%.
Turkmenistan's GDP growth in January-November 2023 amounted to 6.3%. During this time, the country produced 6.6% more products in the ratio than in the same period last year.
On December 8, 2023, the anniversary, 100th meeting of the CIS Economic Council took place in Moscow. The meeting was chaired by the Chairman of the CIS Economic Council, First Deputy Chairman of the Cabinet of Ministers of the Kyrgyz Republic Adylbek Kasymaliev.
Dragon Oil in Turkmenistan will completely stop burning gas at its production sites by 2027. This was stated by the company's CEO Ali Rashid Al Jarwan at the signing ceremony of the Oil and Gas Decarbonization Charter agreement during the COP 28 conference.
The relevance of the gas supply project from Turkmenistan to Turkey through Iran was emphasized during the 7th meeting of the Intergovernmental Turkmen-Turkish Commission on Economic Cooperation, held in Ashgabat on December 6.
The Ministry of Transport of Kazakhstan held negotiations with Turkmenistan and Iran to ensure free transit when domestic carriers use the Southern Route to deliver goods to Europe, Vice Minister of Transport of Kazakhstan Satzhan Ablaliyev said at a meeting of the Kazakh government.
Turkish Vice President Cevdet Yilmaz said during the Turkmen-Turkish Business Forum held in Ashgabat that the volume of trade between our two countries exceeded $2 billion in 2022, reached $2.5 billion in 11 months of this year and is expected to reach about $3 billion by the end of the year. At the same time, the parties set the task to increase the volume of mutual trade to 5 billion.
