Turkmenistan President Gurbangulu Berdymohammadov is not happy with a low pace of oil and gas industry development in 2013, presidential press office quoted statement of President made on January 10, 2013 at the session of the government.
Berdymohammadov said that “efficient measures are not taken to realize gas and export potential of the country and control over natural gas consumption is insufficient.”
“Huge capital is invested into development of local fuel and energy complex, but this field does not bring expected results,” President added.
He was also not satisfied with the condition of state-run concern Turkmengas and relieved its chairman Kakageldi Abdullayev of his duties, “because of his getting another position.” Charymuhammat Hommadov, “who has a great working experience in this field” has been appointed to this position, reported the presidential press office.
“We need to increase the volume of oil and natural gas production and their export to the foreign countries, according to the signed contracts,” demanded Turkmen President.
Among the tasks for 2014 Berdymohammadov mentioned “industrial development of the biggest gas field Galkynysh (Revival). It occupies the second place in the world on the volume of resources (over 21 trillion cub.m.) Construction of the East-West gas pipeline, plants for manufacture of polyethylene and polypropylene and other petrochemical products will be also continued.
Turkmenistan occupies the fourth place in the world on the natural gas resources after Russia, Iran and Qatar. In the past years China was the main buyer of Turkmen gas (between 20 and 30 billion cub.m.). Turkmenistan also exports gas to Russia (10-11 billion cub.m.) and Iran (6-8 billion cub.m.), reported ITAR-TACC.---0--
Economics
-
The Cabinet of Ministers of the Republic of Azerbaijan has approved a new procedure for the recruitment of medical personnel to medical institutions included in the state healthcare system. The decision, which comes into force on January 1, 2025, aims to enhance the implementation of compulsory health insurance in the country.
-
The Organization of Turkic States (OTS) convened a pivotal meeting in Guba, recently named the agricultural capital, to introduce the "OTS Made" brand for agricultural products. Representatives from the Ministries of Agriculture of Azerbaijan, Turkey, Uzbekistan, Kazakhstan, and the Turkish Republic of Northern Cyprus, along with experts from relevant departments, participated in the event.
-
The monopolists of the Azerbaijani internet services market, LLC Aztelekom and LLC Baktelekom, have agreed to raise the minimum monthly internet package price from 18 AZN for 40 Mbps to 25 AZN for 100 Mbps starting August 15. Explaining the new price, these companies want to convince the public that the price has dropped since the internet speed will increase by 2.5 times, thus reducing the cost per Mbps from 45 qapik to 25 qapik. There is no information about the technical innovations in the company that will ensure high traffic speed.
-
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
Leave a review