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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The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
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Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
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Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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