Economy
Ryazan entrepreneurs discussed prospects for co-operation with Turkmenistan
22.05.2025As part of a series of business events ‘An Hour with the Trade Representative’ organised by the Business Development Agency of the Ryazan region, a video conference with Trade Representative of the Russian Federation in Turkmenistan Andrey Khripunov was held. This is reported by the IIC of Turkmenistan. According to the source, the initiative is aimed at intensifying interaction between business communities of the two countries and expanding the export potential of the region. The key issue of the meeting was the preparation of Ryazan companies for participation in the international exhibition ‘Turkmen Construction’, which will open in Ashgabat on 3 November. Participation in the event is planned in the format of a collective stand of the Ryazan region, where the companies will present products in the fields of construction, industry, chemistry and energy. Andrey Khripunov spoke in detail about the most promising areas of export to Turkmenistan, focusing on the construction industry - one of the most dynamically developing in the country against the background of large-scale infrastructure projects. The participants of the meeting also received detailed information on the specifics of entering the market of Turkmenistan: from customs regulation and product certification requirements to the existing instruments of state support for Russian exporters.
Turkmenistan and Kazakhstan discussed co-operation in the energy sector
20.05.2025The Extraordinary and Plenipotentiary Ambassador of Turkmenistan to Kazakhstan Batyr Rejepov held a meeting with Vice-Minister of Energy of Kazakhstan Alibek Zhamauov on 16 May. This was reported by the press service of the Turkmen diplomatic mission. According to the source, the main topic of the talks was the consideration and implementation of the agreements recorded in the protocol of the 13th meeting of the Intergovernmental Turkmen-Kazakhstan Commission on Economic, Scientific, Technical and Cultural Cooperation. During the meeting, the sides discussed key areas of cooperation in the energy sector. The interlocutors noted the importance of a comprehensive and systematic approach to solving urgent tasks facing both countries within the framework of the energy dialogue. At the conclusion of the talks, the sides expressed their commitment to further strengthening of partnership and development of bilateral dialogue.
TurkmenTextile Expo 2025 will bring together the textile industry in Ashgabat
20.05.2025TurkmenTextile Expo 2025, an international exhibition designed to unite key players of the global textile industry on a single platform, will be held in Ashgabat from 11 to 13 June. The large-scale event is organised by the Chamber of Commerce and Industry of Turkmenistan and Turkmen Expo Company, TerraNews reported. The exposition will cover the entire production cycle - from modern technologies and equipment to finished products, including clothing, accessories, textile accessories and interior goods. The exhibition will be attended by leading manufacturers, designers, representatives of specialised companies and industry experts. The forum programme includes demonstrations of new collections, fashion shows with the participation of Turkmen and foreign designers, professional discussions, training master classes, as well as B2B meetings. The participants will be able not only to present their designs, but also to establish promising partnership contacts. The main objective of the exhibition is to promote international cooperation, promote competitive Turkmen products to foreign markets and strengthen the image of Turkmenistan as the centre of the textile industry in the region.
Turkmenistan and Iran discuss expansion of gas transit and investment in petrochemicals
20.05.2025Turkmenistan is considering the possibility of increasing the volume of natural gas transit through Iran as part of the strategy to diversify export routes. This was announced by Turkmen Foreign Affairs Minister Rashid Meredov at the 18th meeting of the Intergovernmental Turkmen-Iranian Commission on Economic Cooperation, IIC reported. According to the Foreign Affairs Minister, Ashgabat is also interested in attracting Iranian investments for the implementation of projects in the petrochemical industry. Such interaction, according to the Turkmen side, contributes to more efficient use of natural gas. During the meeting, the sides discussed topical issues of bilateral interaction, including the development of cooperation in trade and economic, energy and transport spheres.
Turkmenistan at the Tehran Dialogue Forum: transport corridors and energy cooperation
20.05.2025A dialogue forum organised by the Center for Political and International Studies of the Ministry of Foreign Affairs of the Islamic Republic of Iran was held in Tehran on 18-19 May. Deputy Chairman of the Cabinet of Ministers and Minister of Foreign Affairs of Turkmenistan Rashid Meredov took part in the event. This is reported by the IIC. In a panel discussion on the role of transport corridors in the development of Eurasia, Meredov stressed the importance of transport and logistics connectivity for sustainable growth and regional cooperation. He presented Turkmenistan's initiative ‘Revival of the Great Silk Road’ as an important tool of Eurasian integration, and also spoke about the development of national infrastructure, modernisation of Caspian ports and participation in transit projects with Kazakhstan, Uzbekistan and Iran. The Turkmen Foreign Affairs Minister noted the country's contribution to the promotion of sustainable transport, recalling the holding of the first UN Global Conference on this topic in Ashgabat in 2016. He also touched upon Turkmenistan's energy strategy, including the TAPI gas pipeline project and the expansion of electricity exports to West Asia. During the forum, Rashid Meredov held a number of bilateral meetings with representatives of other countries to discuss prospects for co-operation.
Chairman of the Halk Maslahaty of Turkmenistan met with ADB Director
18.05.2025The National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov held a meeting with the Director of the Asian Development Bank's Representative Office in Turkmenistan Arthur Andrysiak in the city of Arkadag. The parties noted 25 years of successful experience of cooperation and discussed the implementation of the new Partnership Strategy for 2024-2028, paying special attention to the issues of ‘green’ economy and structural transformation. This is reported by the IIC. An important outcome of the meeting was the signing of a Memorandum of Understanding between the State Construction Committee of Arkadag and ADB. The document lays the foundation for co-operation in the development of energy and water infrastructure of the new city, created according to the principles of ‘smart’ and environmentally friendly settlement. The agreement provides for the introduction of modern energy and water saving technologies, as well as the development of alternative energy, which is in line with the concept of sustainable development of Arkadag as a modern administrative centre of the country.
Turkmenistan increases cargo turnover and modernises infrastructure
17.05.2025In January-April 2025, transit cargo turnover in Turkmenistan increased by almost 20% compared to the same period last year. Road transport increased by 25%, railway transport - by 6%. This is reported by the news agency ‘Turkmenistan: Golden age’. In total, more than 2 million tonnes of cargo transited the border. The growth of indicators was ensured by measures to develop transport infrastructure, expand logistics corridors and create conditions for uninterrupted transit. In addition, checkpoints were modernised: the material and technical base was upgraded and digital technologies were introduced into the work of customs.
Turkmenistan presented its national pavilion at the international exhibition in Kazan
16.05.2025The international exhibition ‘Russia Halal Expo 2025’ continues its work in Kazan, where Turkmenistan has organised its own national pavilion. This is reported by the state news agency TDH. According to the source, the exposition gives a comprehensive view of the country's economic potential, including successes in key industries and achievements of the private sector. The pavilion emphasises Turkmenistan's openness to long-term and mutually beneficial cooperation. Visitors to the exhibition can get acquainted with the products of the leading sectors of the Turkmen economy - from the fuel and energy complex to the chemical, food, light industry, including textiles, as well as the production of construction and finishing materials. A special emphasis is placed on digital transformation: samples of products of the country's dynamically developing electronic industry are demonstrated. The cultural aspect of the exposition is represented by products of traditional Turkmen applied art. The exhibits include famous handmade carpets and exquisite jewellery reflecting the rich artistic heritage of the Turkmen people. The unique skill of carpet makers and jewellers embodied in every detail continues to attract the attention of connoisseurs from all over the world.
The deepest well in Turkmenistan has been drilled at West Goturdepe
16.05.2025Drilling of the deepest exploration well No.1907 at the West Goturdepe field has been completed, the depth of which is about 4,000 metres. The work was carried out by the expedition ‘Lebapnebitgazgazgözleg’ of the State Corporation ‘Turkmengeologiya’, the online news resource TerraNews reported. According to the source, the results exceeded the forecasts of specialists - a steady commercial inflow of hydrocarbons was obtained. According to the results of the research, significant deposits of oil and natural gas were identified at the 13th horizon of the lower red-coloured strata. The well shows a daily flow rate of 93.4 tonnes of oil and 4,430 cubic metres of gas. According to experts, the achieved indicators confirm the high potential of the field and the strategic importance of the discovered reserves. This discovery strengthens Turkmenistan's mineral resource base and demonstrates the effectiveness of modern geological exploration methods used in the country.
Prospects for international cooperation in the oil and gas sector discussed in Ashgabat
15.05.2025On 14 April, a series of meetings were held in the capital's Garagum Hotel to discuss the expansion of international cooperation in the oil and gas sector. This was reported by the online news resource TerraNews. During the talks, bilateral meetings were held between the heads of the state concerns ‘Turkmengaz’ and ‘Turkmennebit’ and representatives of the Malaysian company Petronas, which has been successfully operating in Turkmenistan for many years. The parties discussed topical aspects of bilateral partnership, as well as possible directions for its further development. In addition, the sides met with the delegation of the Abu Dhabi National Oil Company (ADNOC), which arrived in Turkmenistan on a working visit. In the course of the dialogue, the current dynamics of cooperation in the oil and gas sector, as well as promising projects contributing to the deepening of partnership were discussed. In an atmosphere of constructive and interested exchange of views, ADNOC representatives expressed their high interest in further enhancing multilateral co-operation with Turkmenistan. Later, a meeting was held with the participation of the heads of Turkmenistan's fuel and energy complex, the United Arab Emirates' sectoral agencies, as well as representatives of Petronas. The participants discussed the current state of cooperation and identified priority vectors for its further development. At the end of the event, bilateral agreements were signed, reflecting the agreements reached and concrete steps to expand cooperation in the oil and gas sector. In particular, documents on the development of cooperation between the State Concern ‘Turkmennebit’ and Petronas Çarigali (Türkmenistan) and ADNOC Türkmenistan Limited, as well as an agreement between the State Concern ‘Turkmengaz’ and these companies aimed at deepening partnership relations were signed.
Turkmen businessmen are invited to the international fair "Sughd-2025" in Tajikistan
15.05.2025The XI International Trade Fair ‘Sughd-2025’ will be held in Khujand from 12 to 14 June 2025, where representatives of the Turkmen business community can take part. This is reported by the IIC. According to the Chamber of Commerce and Industry of Turkmenistan, this annual event has been promoting international trade for more than a decade, helping companies to find new markets, attract investment and introduce modern technologies. The programme of the fair includes an investment forum where participants will be able to present their products and hold negotiations with potential partners from different countries. According to the organisers, last year the exhibition was visited by about 500 companies and delegations from Russia, China, Turkey, Iran, Kazakhstan, Uzbekistan, Belarus, Saudi Arabia and South Korea, which confirms its status as an important international business platform.
Deals worth over $4.5 million were concluded at the SCRMET of Turkmenistan
12.05.2025Last week, 31 deals totalling over $4.5 million and 88 million manats were concluded on the platform of the State Commodity and Raw Materials Exchange of Turkmenistan. This is reported by the State News Agency ‘Turkmenistan Today’. Businessmen from the UAE, Turkey and Afghanistan bought oil products - road bitumen, lighting paraffin, base oil produced by Türkmennebit for foreign currency. Business representatives from Afghanistan also purchased sodium chloride and liquefied gas from "Türkmenhimiýa" and "Türkmengaz" SCs. Cotton yarn was exported to the UAE and Kyrgyzstan. In the domestic market, Turkmen businessmen purchased oil road bitumen and textile products (terry products, cotton yarn and fabric). The total amount of domestic transactions exceeded 88 million manats, which indicates consistent demand for the products of national enterprises both in the foreign and domestic markets.
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