Turkmen Foreign Economic Affairs Bank's Net Profit Rises 4.9%
The net profit of the State Bank for Foreign Economic Affairs of Turkmenistan increased by 4.9% in 2020. The bank’s equity capital increased by about...
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Texas Freeze Leads to Global Plastics Shortage
The February freeze that triggered mass blackouts in Texas state of the U.S. led to chemical plant shutdowns that are disrupting global supply chains, causing...
Turkmenistan Sees Rise in Non-Cash Transactions
The total number of bank cards in Turkmenistan in January 2021 amounted to 4,459,800, and the number of payment terminals reached 39.2 thousand. This figures...
Construction Industry of Turkmenistan Achieves High Growth Results
The construction industry of Turkmenistan in recent years has recorded high growth results in many key indicators. The year 2020, which marked the establishment of...
US EIA Forecasts Global Oil Demand Growth For 2021
The U.S. Energy Information Administration (EIA) has raised its Brent and West Texas Intermediate (WTI) average price forecast for 2021, according to its latest short-term...
Turkmen Textile Industry: High Dynamics of Growth
The textile industry is one of the leading sectors of the economy of Turkmenistan. Due to the comprehensive support of the state, it has become...
Turkmenistan Envisages Implementation of Various Large-Scale Projects in Chemical Industry
Full and efficient use of natural reserves, hydrocarbon resources, mineral and hydro mineral reserves of Turkmen land for the sake of the country is a...
Electricity Trade to Drive Post-Pandemic Economic Growth in Central Asia
Electricity trade will enable the Central Asian countries to restore economic growth and develop regional cooperation in the post-pandemic period, Orient news outlet reported on...
Blue Ammonia: Promising Breakthrough For Hydrogen Power
Hydrogen burns completely cleanly, leaving behind nothing but water vapor, making it extremely attractive as an emissions-free fossil fuel alternative. In reality, there is not...
BP Says Oil Demand May Have Peaked in 2019
Demand for oil may have peaked last year, the energy giant BP said in its annual Energy Outlook report, which was published on Monday.
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