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UK, UAE buy oil products in Turkmenistan

Oil&Gas Materials 28 October 2019 13:54 (UTC +04:00)

ASHGABAT, Turkmenistan, Oct. 28

By Huseyn Hasanov– Trend:

Last week, 55 deals were registered at the State Commodity and Raw Materials Exchange of Turkmenistan, Trend reports referring to the exchange.

Businessmen from Russia, the UK, the UAE, Switzerland, Malta, Uzbekistan and Afghanistan purchased gasoline, hydrotreated diesel fuel, lighting kerosene, petroleum bitumen, base oil, heating oil, petroleum bitumen and urea.

Moreover, cotton yarn was sold to businessmen from the US, the UAE, Turkey, China and Ireland.

The total amount of transactions exceeded $34.4 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 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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