The enterprise for reception, storage and shipment of oil products was put into operation in Serdar region, Balkan province of Turkmenistan, reported the Turkmenistan Ministry of Oil and Gas Industry and Mineral Resources.
According to the same source, the products, including gasoline, diesel fuel and lubricating oils, will be transported from the biggest oil refinery in the country in Turkmenbashi city by railway.
The same source reported that construction of this enterprise in Serdar region is of great importance for development of industrial and agrarian sectors of the region. The railway and highway pass through this region.
At present Turkmenistan makes about 10 million tons of oil a year, significant part of which is used for refining at the local oil refineries.
Turkmenistan has two oil refineries in Seidi and Turkmenbashi, which is the biggest one in the country.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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