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Turkmenistan auctions over 430,000 tons of oil products

Oil&Gas Materials 16 June 2011 10:15 (UTC +04:00)

Turkmenistan, Ashgabat, June 16 / Trend, H.Hasanov/

Turkmenistan auctioned over 430,000 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 on Wednesday.

The country put as stock trades 50,000 tons of liquefied gas, 40,000 tons of straight-run gasoline, about 100,000 tons of gasoline, 60,000 tons of diesel fuel, 160,000 tons of fuel oil and 20,000 tons of jet kerosene.

Last week at the auction of the national stock exchanges recorded 38 transactions. Companies from USA, UK, UAE, Netherlands, Afghanistan and the Seychelles bought gasoline, jet kerosene, hydrotreated diesel fuel, base oil and fuel oil

The representatives from Azerbaijan, Great Britain, the Netherlands, China, Turkey, 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 $181 million.

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

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