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During a meeting of the Cabinet of Ministers on November 16, the President of Turkmenistan signed a Resolution authorizing the State Bank for Foreign Economic Affairs to carry out management work related to the entry into force of the Credit
Agreement on financing the construction of a workshop for the production of combined mineral fertilizers at the Niyazov Turkmenabat Chemical Plant ... This was reported in today's Neutral Turkmenistan newspaper.
The document instructed the State Concern "Turkmenhimiya" to conclude an internal corresponding Credit Agreement with the State Bank for Foreign Economic Affairs of Turkmenistan.
This Agreement and a number of documents on investment and attraction of loans were signed following the visit of President Gurbanguly Berdimuhamedov to the United Arab Emirates.
Earlier we reported that the State Concern "Turkmenhimiya" will receive funding for the construction of a production of combined mineral fertilizers.