ASHGABAT, Turkmenistan, May 7. Turkmenistan has sold a large amount of fuel oil to foreign entrepreneurs through its State Commodity and Raw Material Exchange, Trend reports.
Turkmenistan sold low-sulfur fuel oil to entrepreneurs from Malta and the UAE for a total of $26.8 million, according to the exchange.
On the same exchange, other UAE entrepreneurs entered into a deal to purchase hydrotreated diesel fuel for a total of $683,000.
At the same time, representatives of the business communities of Afghanistan and Türkiye purchased carbamide of the 'B' brand produced in Turkmenistan for a total of $500,000.
Turkmenistan is committed to improving its oil refining sector, focusing on modernizing its facilities and integrating state-of-the-art technologies to optimize refining processes and improve product quality.
Simultaneously, Turkmenistan is ramping up petroleum product exports, forging long-term agreements with international collaborators to broaden its export footprint. This strategic approach not only bolsters the country's economic prowess but also solidifies its standing in the global energy arena.
On July 29, 1994, Turkmenistan established the State Commodity and Raw Materials Exchange. It is the most important body of state regulation for export-import operations.
