Turkmenistan Economic News

Iran and Turkmenistan agree to gas barter deal
Iran will barter goods in return for some gas imports from Turkmenistan, an Iranian trade official was quoted as saying on Wednesday, a sign of Iran's difficulties in paying for basic supplies due to sanctions on the Islamic Republic. "It has been decided that in place of a portion of the payments for gas imported from Turkmenistan, Iran will give this country goods," said Abdul Hamid Asadian, director of the Europe and Americas division at the Trade Promotion Organization of Iran, according to the Iranian Students' News Agency (ISNA). Asadian did not say what percentage of gas imports from Turkmenistan would be paid for with Iranian goods rather than cash. He said Iran purchases about $3 billion worth of gas from Turkmenistan each year, according to ISNA. Iran buys almost a third of Turkmenistan's exported gas, relying on it for heating in winter and using it year round to meet industrial demand in regions distant from the country's own fields clustered around the Gulf.
Source: thepeninsularqatar.com  

Turkmen farmers to receive soft credits
President Gurbanguly Berdymukhamedov signed a resolution authorizing designated banks in Turkmenistan to issue soft credits to farmer associations, agricultural joint-stock companies, landowners, tenants, and agricultural research institutes. 

Source: Turkmenistan.ru  

Turkmenistan to buy two oil tankers in Russia
Turkmenistan will buy two oil tankers from Russia with the view of implementing the “Master Plan for Development of the International Sea Port of Turkmenbashi, as well as Turkmenistan’s merchant fleet until 2020.” The presidential resolution authorizes the State Agency of Maritime and River Transport of Turkmenistan to conclude a contract with JSC KrasnoeSormovo Plant (Russia) to build and purchase two river-sea vessels with the capacity of 7100 tons each, to transport crude oil and oil products.
Source: Turkmenistan.ru