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Central Bank of Turkmenistan was instructed to allocate credit funds to increase natural gas production
Official
Central Bank of Turkmenistan was instructed to allocate credit funds to increase natural gas production
Published 26.01.2022
2699

In order to successfully implement the objectives set for the oil and gas industry of the country and ensure the timely completion of work specified to increase the natural gas production, the President of Turkmenistan signed the Decree in accordance with which the Central Bank of Turkmenistan was instructed to allocate credit funds to the Joint Stock Commercial Bank “Türkmenbaşy” for granting bank loans to the State Concern “Türkmengaz” to finance the work provided for increasing the natural gas production through the exploration and development of oil and gas fields.

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In order to successfully implement the objectives set for the oil and gas industry of the country and ensure the timely completion of work specified to increase the natural gas production, the President of Turkmenistan signed the Decree in accordance with which the Central Bank of Turkmenistan was instructed to allocate credit funds to the Joint Stock Commercial Bank “Türkmenbaşy” for granting bank loans to the State Corporation “Türkmengeologiýa” to finance the work provided for increasing the natural gas production through the exploration and development of oil and gas fields.

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