Ashgabat, Turkmenistan, April 4
By Huseyn Hasanov – Trend:
The volume of exports of local oil and gas processing enterprises at the State Commodity and Raw Materials Exchange of Turkmenistan saw an increase in January-March 2019, Trend reports referring to the exchange.
As such, compared to the first quarter of 2018, exports of Turkmen bitumen increased 5 times, and the export of base oils increased 4 times. Supplies of polypropylene increased by 119.2, while supplies of fuel oil and distilled gasoline increased by a quarter percent.
In addition, high-density polyethylene and carbamide were also among the exported products.
In general, 437 export transactions were concluded for a total amount of over $490,680,000 and 91,550 million Turkmen manats during the reporting period. The main buyers included businessmen from the UK, Russia, Hong Kong (Special Administrative Region of China), the UAE, Turkey, Switzerland, Estonia, Kyrgyzstan, Afghanistan, and Uzbekistan.
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.