TCOR takes stake in Turkmen Petroleum trading company

TCOR refineryTurkmenistan’s Turkmenbashi Complex of Oil Refineries (TCOR) has became one of the shareholders of the newly-created Turkmen Petroleum trading company headquartered in Dubai, it was confirmed today, as Turkmenistan looks to expand its presence on the international markets and to treble its current annual oil production capacity by 2030.
TCOR currently has production plants in Turkmenbashi and Seydi and exports iits oil products to Afghanistan, Tajikistan, Turkey, Georgia, Ukraine, the UAE and Switzerland. It has now also opened representative offices in Ashgabat, Frankfurt and Tallinn.

Source: TREND