Turkmenistan Registers Record Number of Transactions During CEF

Turkmenistan Registers Record Number of Transactions During CEF
19 transactions worth more than 6,308,000 US dollars for procurement of cotton, flannel and jeans fabrics and one transaction worth 600 Turkmen manats have been registered.

Exchange trades of the State Commodity and Raw Materials Exchange of Turkmenistan were hosted as part of the Caspian Economic Forum held in the Avaza National Tourist Zone. The trades resulted in record number of transactions – 256 trades totaling 380,179,000 US dollars and 96,600 Turkmen manats of worth. For local market, Turkmen entrepreneurs made deals worth 43 million manats.

Products of petroleum and chemical industry, particularly of Turkmenbashy Refinery Complex, Seydi Refinery, Garabogazkarbamid and Marykarbamid, Hazar chemical plant, iodine factories in Balkanabat and Bereket of the State Concern Türkmenhimiýa leaded the trades. TS-1 jet fuel, A-80 gasoline, various diesel fuel including the one treated by hydraulic method of ECO-5 brand as well as B type carbamide, technical iodine and petroleum coke are among the major goods sold during the auctions.

Products of the plant, which recently commenced its operation in Ahal velayat, ECO – 93 gasoline and liquefied gas made of natural gas as well as high-density polypropylene from polymeric plant in Kiyanly of the State Concern Türkmengaz are on high demand among foreign customers.

Various businessmen from Russia, United Arab Emirates, China, Switzerland, Great Britain, Luxemburg, Singapore, Malta and Afghanistan opted for the petrochemical products of Turkmenistan. The amount of transactions in this sector alone was 335,476,000 US dollars. In addition, Turkmen entrepreneurs have bought polyethylene and polypropylene worth 43 million manats for local market.

Businessmen from Turkey and Switzerland took part in the trades of agricultural production. They have signed four agreements worth more than 36,884,000 US dollars on purchase of cotton fiber.

Businessmen from Russia, United Arab Emirates, Kyrgyzstan, Turkey and Georgia participated in the trades of light industry products. 19 transactions worth more than 6,308,000 US dollars for procurement of cotton, flannel and jeans fabrics and one transaction worth 600 Turkmen manats have been registered.

Businessmen from Uzbekistan and Hong Kong took part in trades of construction material, having concluded 9 transactions worth more than 1,510,000 US dollars for procurement of glass and Portland cement.

The First Caspian Economic Forum was marked by another event – the State Commodity and Raw Material Exchange of Turkmenistan has been awarded with the ISO 9001 Certificate – the document indicating that Quality Management System meets the requirements of International Organization for Standardization.