On February 1, President of Turkmenistan Gurbanguly Berdimuhamedov held the second working meeting in a week on the work of the fuel and energy sector, the state information agency TDH reports .
Deputy Prime Minister Shahym Abdrakhmanov , who oversees the oil and gas industry, reported on cooperation with other countries to expand international gas pipeline routes and increase the export of Turkmen gas to world markets.
The President instructed the official to develop ties with the transit countries of Turkmen gas and intensify the construction of the TAPI gas pipeline.
Deputy Prime Minister for Economic Affairs Serdar Berdimuhamedov said that the increase in exports of the oil and gas complex "is beneficial for the national economy" and promised to take measures to increase production in this area "based on the achievements of science."
Foreign Minister Rashid Meredov recalled that the president's energy initiatives are supported by the world community. They are enshrined in the UN Resolutions "Reliable and stable transit of energy carriers and its role in ensuring sustainable development and international cooperation", which were adopted in 2008 and 2013 at the initiative of the head of Turkmenistan.
In conclusion, Gurbanguly Berdimuhamedov spoke about "strengthening the status of Turkmenistan as an energy power of the planet" and ordered the meeting participants to "very responsibly and comprehensively" approach the implementation of large-scale projects in the fuel and energy complex.
The President held a meeting on the work of the fuel and energy complex a week ago, on January 26. Then, “given the importance of the oil and gas complex for the country’s economy and for the further development of the industry,” Gurbanguly Berdimuhamedov allocated loans in the amount of 159,530,900 manats ($45.58 million at the state rate or $7.6 million at the “black market” rate ) to Turkmengas and 75 million manats ($21.43 million / $3.6 million) - "Turkmengeology".
Source: Chronicles of Turkmenistan