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US, Singapore buy oil, gas processing products in Turkmenistan

Oil&Gas Materials 18 June 2019 13:27 (UTC +04:00)

Ashgabat, Turkmenistan, June 18

By Huseyn Hasanov – Trend:

Last week, 66 deals were registered at the State Commodity and Raw Materials Exchange of Turkmenistan, Trend reports with reference to the state exchange.

Businessmen from the US, Singapore, the UAE, Switzerland, Afghanistan, Russia, the UK, Turkey, Uzbekistan and Ukraine purchased gasoline, diesel fuel, polypropylene, fuel oil, technical sulfur, high-density polyethylene, polypropylene, urea and carbon black.

Besides, colorless sheet glass, cotton yarn, dry extract and dried licorice roots were sold to businessmen from Russia, the US, the UAE, Turkey, Azerbaijan, Uzbekistan, Kyrgyzstan and Afghanistan. The total amount of transactions exceeded $132.755 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 seat or signing the service contract with exchange brokers.

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

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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