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Turkmenistan auctions over 570,000 tons of oil products

Oil&Gas Materials 11 April 2011 15:12 (UTC +04:00)

Turkmenistan, Ashgabat, April 11 / Trend H.Hasanov /
Turkmenistan has today auctioned over 570,000 tons of oil products from the Turkmenbashi refinery, and refineries in the Saydi and Nayip gas-processing complex at the State Commodity and Raw Materials Exchange.

The country put as stock trades about 90,000 tons of liquefied gas, 20,000 tons of straight-run gasoline, 160,000 tons of gasoline, 70,000 tons of kerosene, 180,000 tons of fuel oil, 20,000 tons of oil coke, 26,000 tons of diesel fuel and 10,000 tons of furnace oil.

Last week at the auction of the national stock exchanges recorded over 50 transactions. Companies from Azerbaijan, UK, the Netherlands, Russia, Uzbekistan, Gibraltar, Denmark purchased polypropylene, aviation kerosene, diesel fuel, low-sulfur furnace oil.

The representatives from Azerbaijan, Afghanistan, China, UAE, U.S, Russia, Switzerland, Kazakhstan and Liechtenstein are the traditional participants of the auction. Total amount of contracts, including on sale of oil products exceeds $116 million.

The Commodity Exchange is a principal organ of state regulation of export-import operations in Turkmenistan.

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