Turkmenistan auctions over 310,000 tons of oil products

Oil&Gas Materials 11 July 2011 10:12 (UTC +04:00)

Turkmenistan, Ashgabat, July 11 / Trend H.Hasanov /

Turkmenistan auctioned over 310,000 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 65,000 tons of liquefied gas, 40,000 tons of straight-run gasoline, over 100,000 tons of gasoline, about 80,000 tons of diesel fuel,10.000 tons of base oil and 20,000 tons of jet kerosene.

Last week at the auction of the national stock exchanges recorded 40 transactions.
Companies from UAE, Afghanistan, Great Britain, U.S, the Virgin Islands purchased different brands of gasoline, fuel oil, diesel fuel, straight-run gasoline, polypropylene.

The representatives from Azerbaijan, China, Russia, Switzerland and Liechtenstein are the traditional participants of the auction. Total amount of contracts, including on sale of oil products exceeds $90 million.

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