Last week saw high levels of investment activity on the State Commodity and Raw Materials Exchange of Turkmenistan: 32 major deals were concluded, with petrochemical and industrial products accounting for the majority of foreign trade. This was reported by IIC of Turkmenistan.

Buyers from the UAE, Turkey, Afghanistan and Uzbekistan purchased ‘Türkmennebit’ base oil, whilst Afghan entrepreneurs also purchased ‘ECO-93’ eco-friendly fuel produced by the ‘Türkmenhimiýa’ State Concern.

Demand from foreign partners also extended to the agricultural and textile sectors: companies from the UAE, Turkey and Azerbaijan signed contracts for the supply of flour, cotton yarn and fatty acids from cotton seed meal. The total value of export deals exceeded US$57.8 million.

Growth was also recorded in the domestic market: Turkmen entrepreneurs purchased polypropylene, base oils, packaging film and textile products. The total value of transactions in national currency exceeded 61.1 million manats.