Turkmenistan auctions over 430,000 tons of oil products

Oil&Gas Materials 27 July 2011 15:40 (UTC +04:00)

Turkmenistan, Ashgabat, July 27 / 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.

The country put as stock trades about 20,000 tons of liquefied gas, 30,000 tons of straight-run gasoline, over 120,000 tons of gasoline, over 140,000 tons of diesel fuel, 100,000 tons of fuel oil and 20,000 tons of aviation kerosene.

Last week at the auction of the national stock exchanges recorded 18 transactions. Companies from the UAE, Afghanistan, and the Virgin Islands bought liquefied gas, gasoline, diesel fuel, heating low-sulfur residual oil and straight-run gasoline.

The representatives from Azerbaijan, Great Britain, China, Russia, Switzerland and Liechtenstein are the traditional participants of the auction. Total amount of contracts, including on sale of oil products exceeds $96 million.

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