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UAE, Singapore, Turkey buy oil and gas processing products from Turkmenistan

Oil&Gas Materials 13 May 2019 10:15 (UTC +04:00)

Ashgabat, Turkmenistan, May 13

By Huseyn Hasanov – Trend:

Last week, 30 transactions were registered at the state commodity and raw materials exchange of Turkmenistan, Trend reports referring to the agency.

Entrepreneurs from Switzerland, the UAE, Singapore, Kazakhstan, Russia, Uzbekistan and Turkey purchased low-sulfur fuel oil, polypropylene, high-density polyethylene and carbamide.

Colorless sheet glass, Portland cement, and cotton yarn were sold as well. The purchasing countries included Russia, Turkey, and Uzbekistan. The total amount of transactions exceeded $75.925 million.

Businesses and organizations of all ownership forms, residents of Turkmenistan and other countries can participate in the exchange trading by acquisition of a broker place or signing of service contract with exchange brokers.

Petrochemicals, cotton fiber, local textile and chemical production are the main exports.

Prices for some products put up for auction change daily and are set according to international quotations – for cotton in accordance with the Liverpool news agency "Cotton Outlook" and for petroleum products in accordance with S&P Global Platts.

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