Economy
Turkmenistan took part in discussions on inter-trade union cooperation in Central Asia
28.04.2026A delegation from the National Trade Union Centre of Turkmenistan took part in the General Assembly of the Council of Trade Unions of Central Asian Countries, which was held on 27 April in Tashkent. This was reported by the IIC. The role of Uzbekistan’s trade unions in fostering constructive dialogue and promoting the principles of decent work and social protection was highlighted. It was emphasised that cooperation in the region is based on strategic dialogue between the leaders of Turkmenistan and Uzbekistan and is already yielding practical results, including the development of cross-border trade and humanitarian ties. The Turkmen side noted the strengthening of inter-trade union cooperation following the 2025 Ashgabat meeting and supported the further institutional development of the association based on trust and shared goals. In conclusion, the participants reaffirmed their commitment to partnership, stability and the joint resolution of the region’s socio-economic challenges. Following the meeting, the organisation was transformed into the Confederation of Trade Unions of Central Asia.
The Turkmen-Chinese exhibition opened in Ashgabat
28.04.2026The Turkmen-Chinese Exhibition was officially opened at the Chamber of Commerce and Industry of Turkmenistan. This was reported by the news website Turkmenportal. In an address by the President of Turkmenistan, Serdar Berdimuhamedov, read out at the ceremony, it was emphasised that China remains a key trade and economic partner for the country. The priority areas for cooperation were identified as the oil and gas sector, transport and logistics, digital technologies, telecommunications, as well as science, education and tourism. Companies from both countries are participating in the exhibition. Among the Chinese exhibitors are ‘NUCTECH’, ‘HUAWEI’, ‘LOVOL’, ‘SHANTUI’ and others. The ‘Geely’ car brand is being showcased separately with its 2025 models. A Turkmen-Chinese business forum is scheduled for 29 April, where the development of bilateral cooperation and joint projects will be discussed. The events will run until 30 April, and a cultural programme has also been organised for guests from the PRC.
Last week, 28 transactions were recorded on the Turkmenistan Stock Exchange
27.04.2026Last week, 28 transactions were concluded on the State Commodity and Raw Materials Exchange of Turkmenistan, covering products from the oil and gas and light industries. The foreign trade segment saw active purchases of base oil by businesses from China and Uzbekistan, according to the IIC. Exports also included building materials and textiles. Buyers from China, the UAE, Turkey, Kyrgyzstan and Uzbekistan purchased Portland cement, denim clothing, cotton yarn and wheat flour. The total value of foreign exchange contracts exceeded $20 million, indicating stable external demand. On the domestic market, Turkmen enterprises purchased technical sulphur, polypropylene, road bitumen, as well as raw silk and cotton fibre. The volume of investment by domestic businesses amounted to over 529.8 million manats.
A Turkmen delegation attended an industrial forum in Tashkent
24.04.2026From 20 to 22 April, a Turkmen delegation led by B. Tatov, Deputy Minister of Industry and Construction of Turkmenistan, took part in the 6th International Industrial Exhibition ‘INNOPROM. Central Asia’ in Tashkent. This was reported by the press service of the Foreign Affairs Ministry of Turkmenistan. As part of the exhibition, the delegation took part in the first meeting of the Ministers of Industry of the Central Asian countries and the Russian Federation. The parties discussed industrial cooperation, the implementation of joint projects and the training of personnel for the industrial sector.
The Turkmen company ‘Aýdyň gijeler’ plans to supply equipment to Azerbaijan
23.04.2026The Turkmen company ‘Aýdyň gijeler’ is exploring the possibility of supplying tablets and computer equipment manufactured in-house to meet the needs of Azerbaijan’s energy sector. This was announced by Ruslan Tashov, the company’s head of supply and procurement, according to the online publication ‘Business Turkmenistan’. He noted that the company already has experience of cooperating with Azerbaijani partners in the field of digitalisation and the supply of electronic products. Furthermore, ‘Aýdyň gijeler’ is considering prospects for expanding cooperation, including working with enterprises in the country’s oil and gas sector. The company was founded in 2016. Today, its production base covers more than 5 hectares and comprises over ten workshops. Its product range includes more than 30 items, including LED lighting, cable and wire products, computer equipment and telecommunications equipment.
The ‘Nebitgazdüýpliabatlaýyş’ Trust is achieving strong results in oil and gas production
23.04.2026The production units of the State Concern ‘Türkmennebit’ are making a significant contribution to the development of the country’s oil and gas industry, engaging in the exploration, development and exploitation of fields, including those in the Balkan velayat. This was reported by the news agency ‘Turkmenistan: Golden age’. In the first quarter of this year, the ‘Nebitgazdüýpliabatlaýyş’ trust achieved high production figures. A total of 110 wells were overhauled and brought back into operation, exceeding the target by six wells. As a result, an additional 24,000 tonnes of oil were produced, and the target was met by 105.8%. The production growth rate stood at 161.7%. Additionally, over the three-month period, an extra 28,000 cubic metres of gas were produced, with growth rates significantly exceeding the planned targets. The ‘Goturdepe’, ‘Barsagelmez’ and ‘Gamyşlyja’ departments made a significant contribution to these results. The trust’s team is focused on achieving its annual targets ahead of schedule and further improving production efficiency, utilising the conditions created for sustainable growth in output.
Turkmenistan took part in the conference of heads of customs services in the European region
22.04.2026A delegation from the State Customs Service of Turkmenistan took part in a conference of heads of customs authorities from the European region, held at the headquarters of the World Customs Organisation (WCO) in Brussels. This was reported by the news website Turkmenportal. During the meeting, the focus was on the priorities of regional cooperation, as well as on ways to improve the effectiveness of coordination mechanisms. Participants discussed the World Customs Organisation’s current initiatives in the region and were briefed on the work of relevant bodies and regional networks. The country’s participation in this event demonstrates its commitment to strengthening international cooperation in the customs sector, exchanging best practices and developing the national system in line with modern international standards.
A delegation from Turkmenistan discussed cooperation with the World Bank
21.04.2026During the annual meetings of the World Bank Group, the Turkmenistan delegation held a series of bilateral negotiations aimed at expanding international economic cooperation and strengthening ties with leading development institutions. This was reported by IIC. One of the key events was a meeting with Antonella Bassani, World Bank Vice-President for Europe and Central Asia. During the negotiations, the parties noted the dynamic nature of the partnership and discussed prospects for its further development. Particular attention was paid to strategic areas in which the World Bank can support Turkmenistan’s national development priorities, including assistance in implementing socio-economic reforms and modernising key sectors of the economy. The parties also discussed the adoption of international best practice and the use of modern financial instruments to support national development programmes. Following the meetings, mutual interest was reaffirmed in continuing active cooperation aimed at strengthening economic stability and achieving the country’s long-term goals.
18 trades were concluded on the Turkmenistan Stock Exchange over the course of the week
21.04.2026Last week, 18 transactions were recorded at the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by the state news agency TDH. Turkish business representatives purchased technical sulphuric acid produced by the ‘Türkmenhimiýa’ State Concern in exchange for foreign currency, whilst businesses from Uzbekistan purchased base oil produced at the processing facilities of the ‘Türkmennebit’ State Concern. In addition, cotton yarn and fabrics, muslin, dyed and printed satin, liquorice root extract, undistilled fatty acids from cotton soapstock, children’s denim products, terry towelling and wheat flour were sold for foreign currency. Among the buyer countries were the United Arab Emirates, India and Kyrgyzstan. The total value of foreign trade transactions exceeded 28 million 74 thousand US dollars. On the domestic market, Turkmen entrepreneurs purchased cotton fibre, raw silk and cotton yarn worth 20 million 955 thousand manats.
Turkey is exploring energy supplies from Turkmenistan
20.04.2026Turkey is considering expanding energy cooperation, including potential gas supplies from Turkmenistan via Azerbaijan, according to Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar. This was reported by the news agency Orient. According to the Minister, the idea of transit has been under discussion for some time and is once again becoming relevant against the backdrop of efforts to diversify energy supplies and strengthen regional cooperation, taking into account the position of European countries. Ankara continues to develop alternative routes for the delivery of energy resources, reducing its dependence on traditional routes. In this context, new infrastructure projects are being discussed that could enhance the reliability of supplies and the region’s economic potential. These include the construction of an oil pipeline from Basra in Iraq to Kirkuk, with a subsequent connection to the Turkish system, as well as the development of the existing Silopi–Ceyhan route.
Turkmenistan is increasing oil production at its Caspian Sea fields
20.04.2026The State-owned Enterprise ‘Hazarnebit’, part of the ‘Türkmennebit’ State Concern, is increasing its hydrocarbon production and expanding the geographical scope of its operations. This is evidenced by production figures and the progress of field development, according to the website AsmanNews. The company is modernising its production facilities and introducing new technologies. This is enabling it to increase production volumes from existing wells. At the same time, development of Caspian fields, including Eastern Cheleken, is continuing. Due to geological exploration and production activities, the volume of oil sent for refining has increased. Specialists are also developing deeper reservoirs, which creates an additional resource for boosting production. In the first three months of the year, the company produced over 36,000 tonnes of oil. The target has been exceeded by more than 100%. The figures are higher than those for the same period last year. The work is carried out by the company’s specialists — engineers, geologists, mechanics and operators. Technical monitoring of the wells is carried out on an ongoing basis.
The State Concern ‘Türkmengaz’ and ‘QazaqGaz’ have identified new areas for cooperation
19.04.2026Maksat Babayev, Chairman of the State Concern ‘Türkmengaz’, held negotiations in Ashgabat with Alibek Zhamauov, Chairman of the Board of ‘QazaqGaz’. This was reported by the online publication ‘Business Turkmenistan’. The parties discussed the current state of cooperation in the gas sector and prospects for its expansion. Opportunities for implementing new joint projects were also explored. Furthermore, as part of the conference ‘Turkmenistan – People’s Republic of China: 20 Years of Strategic Partnership in the Gas Sector’, A. Zhamauov met with the leadership of CNPC and SOCAR. Key issues regarding cooperation in the sector were discussed.
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