Fitch Affirms Turkmenistan's B+ Credit Rating with Stable Outlook
The American rating agency Fitch Ratings has affirmed the long-term issuer default rating (IDR) of Turkmenistan in foreign currency at the level of "B+" with a "Stable" outlook.
News
Turkmenistan has significantly increased the supply of products to the EU
Turkmenistan increased the supply of products to the EU in 2021 by 63%.
Turkmenistan almost doubled supplies of oil and oil products to Georgia
The value of exports of oil and oil products from Turkmenistan to Georgia in 2021 amounted to $191.8 million, which is 186.2% more than in 2020, writes the website of the oil and gas complex of Turkmenistan.
The President of Turkmenistan assessed the progress of construction of the Ashgabat-Turkmenabat autobahn
On Thursday, President Gurbanguly Berdimuhamedov got acquainted with the state of affairs at new buildings in Ashgabat by flying around in a helicopter and visited a new site for laying the Ashgabat-Turkmenabat autobahn.
Trans-Caspian pipeline to unlock huge gas resources of Turkmenistan - Ambassador
“We have always believed that the importance of the Southern Gas Corridor lies in the fact that it can be expanded and carry additional gas to Europe. We are open to all opportunities to increase gas supplies to Europe,” US Ambassador to Azerbaijan Earl Litzenberger told representatives of local media on Wednesday, Trend reports.
Oil prices have risen again
At the auction on Friday evening, Brent crude futures for delivery in April 2022 were trading at above $95, having gained more than 4% in price. This is the highest figure since October 2014.
Italy wants to attract Turkmen gas to the Trans-Adriatic Pipeline
As Europe deals with significant energy price increases, Italy, which imports more than 95% of its energy, sees diversification of gas supplies as a "strategic necessity". Italian Deputy Foreign Minister Manlio Di Stefano, in particular, monitors the energy dossier and Italy's relations with the countries of Central Asia that are major gas producers.
Turkmenistan reaches record output of natural gas
In 2021, Turkmenistan produced the largest volume of natural gas in 30 years of independent development - 83 billion 772.9 million cubic meters. This was stated by Deputy Prime Minister for Fuel and Energy Complex Shahym Abdrakhmanov, reporting on the results of the past year in the oil and gas industries at a meeting of the Cabinet of Ministers on Friday.
Processing industrial complex is going to be built on the Turkmen Afghan border
President Gurbanguly Berdimuhamedov, during a working video conference on Tuesday, discussed with government members the proposed construction of a processing industrial complex on the Turkmen Afghan border.
Turkmenistan will study the ways of transit of its energy resources to the Middle and Near East
Turkmenistan will consider the possibility of transiting its natural gas through neighboring states to the countries of the Middle and Near East. President Gurbanguly Berdimuhamedov instructed Deputy Prime Minister for Fuel and Energy Complex Shahym Abdrakhmanov to study this issue at a working meeting on Tuesday.
Business overview: the record for gas production and the key economic development indicators for 2021
Last week, eleven tenders were announced by the Ministry of Industry, SC "Turkmengas", SC "Turkmenhimiya" and SC "Turkmengeologiya", Turkmenbashy Complex of Oil Refineries, PETRONAS, ENI and Tatneft Companies, as well as the Hazar Consortium in Turkmenistan.
Modernization of the Turkmen fuel and energy complex will continue - Gurbanguly Berdimuhamedov
President Berdimuhamedov, speaking at an extended meeting of the country's Cabinet of Ministers on Friday, called the development of the oil and gas industry and innovations in the processing of hydrocarbons the main directions of Turkmenistan's economic growth.
The tasks of the economy of Turkmenistan are formulated, including the reduction of dependence on exports
The growth of the country's economic potential through the intensive development of industries, digitalization, and diversification of the economic complex, ensuring the progressive dynamics of GDP by at least 6%, the establishment of market mechanisms - these are the main directions outlined by President Gurbanguly Berdimuhamedov.
Turkmenistan may increase swap gas supplies under an agreement with Azerbaijan and Iran
Turkmenistan may increase swap supplies of natural gas to Azerbaijan through Iran, and negotiations on this topic are currently underway between representatives of the relevant departments. Azerbaijani Ambassador to Tehran Ali Alizade told about this in an interview with Iranian media, Interfax reports.
SC "Turkmenneft" will receive funding for the development
The state concern "Turkmenneft" will receive more than 250 million manats for diversification and expansion of its capacities. President Gurbanguly Berdimuhamedov signed a resolution on lending to the oil concern during a working meeting on Monday.
