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27 Sep. 07:30

Trump Approves TikTok’s Transition to U.S. Control

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U.S. President Donald Trump has signed an executive order approving the transfer of TikTok’s U.S. operations to American business. The Chinese company ByteDance will retain less than a 20 percent stake.

A new joint venture will be established in the United States to manage TikTok. The controlling share will be held by American investors. The platform will be governed by a new board of directors responsible for security and data privacy compliance.

According to Trump, investors will include Larry Ellison (Oracle), Michael Dell (Dell), and Rupert Murdoch. The U.S. division of TikTok is valued at 14 billion dollars.

Without this agreement, TikTok would have faced a U.S. ban by January 19, 2025. The new executive order ensures the app continues operating under American control.

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Today in 07:19

Turkmenistan commissions a new gas well in Lebap region

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A new natural gas well, “Hazarly–2,” has been officially put into operation in the Lebap region of Turkmenistan. The well was drilled by specialists from the “Marynebitgazgözleg” exploration expedition under the state concern “Türkmengeologiýa” and has been handed over for operation to the “Lebapgazçykaryş” production directorate.

The facility is located at the Hazarly site near the Bovrideshik gas field and has become the first well in this area of Turkmenistan to reach industrial-scale production. This development marks an important step in strengthening the country’s gas sector.

The daily output of the new well reaches approximately 120,000 cubic meters of natural gas, contributing to the steady growth of gas production in Turkmenistan.

Over the first eleven months of the year, the workforce of “Lebapgazçykaryş” exceeded its production targets by more than 1%, extracting over 8.516 billion cubic meters of gas. By the end of the year, Turkmenistan plans to increase this figure to 9.3 billion cubic meters.

In addition, 28,039 tons of associated gas condensate were produced, surpassing the planned volume by 2,235 tons. Increased production has also boosted Turkmenistan’s export performance, with gas exports exceeding planned levels by nearly 41%, resulting in an additional 1.38 billion cubic meters supplied to foreign markets.

Since the beginning of the year, a total of 20.908 billion cubic meters of hydrocarbon resources have been extracted from the subsurface of Turkmenistan.