Economy
On Saturday, deals worth over 987 million manats were signed on the SCRMET
16.06.2025On Saturday, 14 June, the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) held a trading session, which resulted in a total volume of transactions amounting to 987 million 278 thousand 565 manats. According to the exchange's press service, participants in the auction showed particular interest in several key commodity items. This was reported by the online publication ‘Business Turkmenistan’. On the domestic market, local entrepreneurs actively purchased road bitumen of the ‘BND 60/90’ brand, technical iodine of the highest category ‘A’, technical carbon of the ‘Y-354’ brand and high-quality fine-grained potassium chloride. These materials are in steady demand among Turkmen industrial enterprises and construction companies. Representatives of Turkish business circles concluded a deal to purchase BND 60/90 petroleum road bitumen worth 440,000 US dollars. A total of 16 deals were concluded during Saturday's trading. At the end of the week, the exchange turnover amounted to 2 million 283 thousand 790 US dollars and 1 billion 139 million 682 thousand 165 manats.
The Cabinet of Ministers of Turkmenistan presented a report on the work of the ‘Türkmenhimiýa’ concern
15.06.2025At a meeting of the Cabinet of Ministers of Turkmenistan held on 13 June, Deputy Prime Minister B. Annamammedov presented a report on the activities of the enterprises of the State Concern ‘Türkmenhimiýa’. This was reported by TDH. According to the report, steps are currently being taken to ensure the stable and uninterrupted operation of chemical production facilities. President of Turkmenistan Serdar Berdimuhamedov emphasised the importance of the efficient operation of mineral fertiliser plants, as well as the importance of timely supply of products to the agricultural sector. The Head of the industry has been instructed to continue modernising the production infrastructure and ensure full utilisation of the enterprises' capacities.
The total value of transactions on the Turkmenistan SCRMET amounted to approximately 987 million manats
15.06.2025At the auction of the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) held on 14 June, 16 deals were concluded for a total amount of 987 million 278 thousand 565 manats. This was reported by the press service of the SCRMET of Turkmenistan. As part of domestic trading, Turkmen entrepreneurs purchased a number of industrial goods, including road bitumen grade ‘BND 60/90’, technical iodine grade ‘A’, technical carbon grade ‘Y-354’ and fine-grained potassium chloride. Representatives of Turkish business circles purchased oil road bitumen of the same brand worth 440 thousand US dollars.
Turkmenistan implements gasification programme in Dashoguz velayat
15.06.2025Gas workers from the ‘Saparmyrat Türkmenbaşyetrapgaz’ administration successfully fulfilled their plan for the first five months of the year, ensuring a stable supply of natural gas to residents and organisations in the western part of Dashoguz velayat. This was reported by the news website Asmannews. Active gasification of new houses and social facilities continues both in the centre of the district and in rural areas. Since the beginning of the year, natural gas has become available to many families. Currently, about 22,000 households use natural gas, and over 250 use liquefied gas. With the expansion of the network, the number of liquefied gas consumers is decreasing. Repairs to the main pipelines are also being carried out and a digital metering system is being introduced to enable more efficient use of resources. More than 2,450 km of gas pipelines and 714 distribution units are under management. Internal gas supply systems in homes are being inspected on a regular basis.
The Turkmenbashi Oil Refinery in Turkmenistan is undergoing modernization
14.06.2025Deputy Chairman of the Cabinet of Ministers Batyr Amanov reported on the work of the fuel and energy complex, including the State Concern ‘Türkmennebit’, during a government meeting on 13 June. This was reported by the state news agency TDH. In particular, the automated system of the Turkmenbashi Oil Refinery Complex is being modernised to ensure its stable operation. The Deputy Prime Minister submitted a corresponding proposal to the President. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov noted the importance of increasing oil production and complying with environmental standards. Approving the initiative, the Head of State instructed B. Amanov to take specific measures to ensure the reliable operation of the complex.
The Embassy of Turkmenistan discussed the development of economic ties with Malaysia
14.06.2025On 12 June, a meeting with representatives of the Malaysian Consortium of Medium-Sized Enterprises was held at the Embassy of Turkmenistan in Malaysia. The talks were attended by the Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Malaysia, Muhammetniyaz Mashalov, President of the Malaysian Consortium of Medium-Sized Enterprises Martin Ang, as well as heads and representatives of Malaysian companies such as ‘Intelligent PIE Consulting Sdn Bhd’ and ‘Marrybrown’, according to the Ministry of Foreign Affairs of Turkmenistan. Particular attention was paid to strengthening trade and economic cooperation and finding new areas for interaction. Malaysian companies presented information about their activities and products, expressing interest in establishing business ties with Turkmen partners and entering the domestic market of Turkmenistan. The Turkmen ambassador emphasised the high potential for developing mutually beneficial cooperation between the business communities of the two countries. At the end of the meeting, the parties confirmed their desire to further develop their partnership.
Le.Travel presents Turkmen tourism at an international exhibition
14.06.2025As part of the ‘TurkmenTextile Expo – 2025’ international exhibition, held at the Ashgabat Expo Centre, the travel company Le.Travel is presenting itineraries for travel enthusiasts. At the agency's stand, visitors can find a wide selection of tours in Turkmenistan and popular foreign destinations. This was reported by the online publication TerraNews. Visitors to the exhibition are invited to consider various travel options: from cultural and historical routes through the country's ancient cities to pilgrimage trips and excursion programmes. Special emphasis is placed on showcasing the national colour: the stand features traditional household items, decorative and applied arts and souvenirs reflecting the centuries-old culture of the Turkmen people. The company provides comprehensive services, including the organisation of individual and group tours, visa support, airline ticket reservations and assistance at all stages of the trip. The travel agency's participation in ‘TurkmenTextile Expo – 2025’ contributes to the promotion of Turkmen tourism on the international stage.
Winter crops harvesting has begun in the Dashoguz velayat on the fields of the ‘Aksaray’ association
14.06.2025The winter crop harvest in Dashoguz velayat began this year in the ‘Aksaray’ dayhan association in the Gorogly district. The first wheat ears were cut on the field of tenant Nurgeldi Esenov, who grew the crop on 12 hectares. This was reported by the news agency ‘Turkmenistan: Golden age’. Aksaray is not the first to receive this right year after year — the association consistently shows high results, and this season local farmers plan to harvest at least 19 centners of grain per hectare. According to experts, the velayat has produced a high-quality harvest thanks to wheat varieties adapted to the local climate — ‘Juvan’, ‘Sahrayi’, ‘Batko’, ‘Alekseyevich’ and ‘Bezostaya-100’. To ensure a successful harvest in the region, 315 modern John Deere and CLAAS grain harvesters are being used. More than 1,500 vehicles equipped with everything necessary for uninterrupted work will be involved in transporting the harvest.
A freight train from Lahore to Astrakhan will pass through Turkmenistan
13.06.2025On 22 June, Pakistan will send its first freight train to Russia, which will pass through Turkmenistan on the eastern branch of the North-South International Transport Corridor. This was reported by the online publication ‘Business Turkmenistan’. The train will depart from Lahore and travel through Iran, Turkmenistan and Kazakhstan to Astrakhan. The total length of the route is about 8,000 kilometres, and the journey time is 20–25 days. Due to different track gauges, the cargo will be transshipped in Zahedan, Iran. The train will then travel through Turkmenistan, which provides a key link between Iran and Kazakhstan, where a single gauge allows unhindered transit to Russia. Pakistani Railways Minister Muhammad Hanif Abbasi called the project part of a strategy to develop ties with Central Asia and expand foreign trade.
Ekerem drillers contribute to Turkmenistan's energy future
13.06.2025In the International Year of Peace and Trust, drillers from the Ekerem drilling department of the ‘Nebitgazburawlaýyş’ trust of the ‘Turkmennebit’ State Concern are demonstrating steady success, marking the 30th anniversary of Turkmenistan's neutrality with significant labour achievements. This was reported by the news website Asmannews. Since the beginning of the year, they have drilled 19,500 metres of underground rock and completed the drilling of two wells with industrial potential. Of particular significance was the commissioning of the 356th well at the North Goturdepe field, where industrial oil flow was obtained using the Uralmash-3D rig. Positive results have also been noted at the Shatut field, where the introduction of modern drilling rigs has increased the efficiency and stability of operations. Drilling of the 101st well at the Ekerem field is entering the final stage and will be put into operation in the near future.
Turkmenistan develops international cooperation in the textile sector
13.06.2025The Minister of Textile Industry of Turkmenistan, Nurmukhammet Orazgeldiyev, held a series of working meetings with the heads of leading foreign textile companies. During the negotiations, the parties discussed the prospects for technological partnership and modernisation of the industry. This was reported by the IIC. The main focus was on the supply of modern equipment for textile industry enterprises in Turkmenistan. The participants in the negotiations considered specific cooperation projects aimed at improving production efficiency and the quality of products. The Ministry of Textile Industry of Turkmenistan is actively developing international ties, seeking to introduce advanced technologies and best international practices into the industry. The meetings were an important step in strengthening business partnerships with foreign manufacturers.
Italian fashion expert presents international platform for young designers in Ashgabat
13.06.2025Mariana Micheli, President of Milan Fashion Week ‘Mad Mood Milano’, visited Turkmenistan for the first time, where she presented her fashion platform as part of the ‘TurkmenTextile Expo – 2025’ exhibition. At the fashion show, she presented a collection by young Italian designer Leonardo Ligorio. This was reported by the online publication ‘Turkmenistan: Golden age’. M. Micheli said that the ‘Mad Mood Milano’ platform she created specialises in supporting emerging fashion designers around the world. Mariana collaborates with organisers of major fashion events in Serbia, Kazakhstan, Morocco and Singapore, as well as finding and developing talent in South America and Bulgaria. The expert paid special attention to her unique project, MEDITERRANEAN FASHION AND FOOD WEEK, which combines fashion and gastronomy. According to M. Micheli, this event allows designers and chefs to represent their countries through cultural exchange in southern Italy. When asked about possible cooperation with Turkmen designers, Micheli expressed interest in joint projects. Her visit to Ashgabat opens up new prospects for the integration of Turkmen fashion designers into the global fashion industry.
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