Turkmengaz State Concern and Turkmenmengology State Corporation will receive loans for exploration and development of new oil and gas fields.
The decree was signed today by President Gurbanguly Berdymukhamedov at a meeting on the development of domestic renewable energy.
According to the document, the Central Bank of Turkmenistan will allocate a credit line to the joint-stock commercial bank "Turkmenbashi" to finance the work of "Turkmengaz" and "Turkmengeology" to increase natural gas production. The resolutions were announced in the evening broadcast of the Turkmen Gosteleradio news.
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