Vast hydrocarbon resources have been discovered at the prospective offshore gas field, “Demirgazyk Goturdepe”, in the Caspian Sea in the course of extensive exploration carried out by “Türkmennebit” State Concern.

The Ministry of Economy and Development announced another privatization auction during denationalization of the economy and improvement of its efficiency and increase of private sector share.

Last week, 15 transactions were registered at the State Commodities and Raw Materials Exchange of Turkmenistan.

The contractor to design and build the facility will be announced on the outcomes of the international tender on February 7, 2017.

In 2016, Turkmenistan had put into operation 202 facilities worth over US $ 5 billion.

State Concern ""Turkmenhimiya"" will build the plant for production of detergents. The new facility will have annual capacity of 20 thousand tons. The international tender for selection of contractor , which would design and construction the plant on ""turnkey"" basis, had been announced with application deadline of 7 February 2017.

Businessmen from Great Britain, Afghanistan, Belize, Georgia, Kazakhstan bought automobile petrol and hydraulically purified diesel fuel produced by Turkmenbashy Refinery Complex as well as naphtha produced by Seydi Refinery for foreign currency.

The livestock farms, subordinated to the Ministry of agriculture and water economy of Turkmenistan and the State Association of food industry, fulfilled the annual plan on fodder stocking.

Public Stock Company “Hyzmatdashlar”, being a member of Union of Industrialists and Entrepreneurs of Turkmenistan, had been allocated with15-hectartes land plot in Serdar district of Balkan province with the purpose of construction of the sugar mill with annual capacity of 120 thousand tonnes.

The construction rates of Garlyk potash mining and processing complex in Koytendag district of Lebap province have been accelerated due to mobilizing additional forces of local companies and increase of labor resources. The project procures essential construction materials from domestic market. The required number of construction machinery is involved.