Economy
SOCAR has expressed interest in participating in the development of Turkmenistan's oil fields
19.09.2025Azerbaijan's state oil company SOCAR has expressed interest in projects to develop fields in Turkmenistan. This was announced by Azerbaijan's Deputy Minister of Economy Sahib Nureddin Alekperov at the Turkmenistan Investment Forum (TIF 2025) in ‘Avaza’, according to the news website Turkmenportal. He noted the promising prospects for cooperation in the electric power industry: Azerbaijan is ready to ensure the transit of Turkmen electricity and is considering the possibility of jointly bringing Central Asian ‘green’ energy to European markets. According to the Deputy Minister, cooperation between the two countries plays a key role in the development of the East-West transport corridor and increasing the efficiency of the Middle Corridor. In seven months, transit shipments between Azerbaijan and Turkmenistan exceeded 1 million tonnes, which is 13% more than last year's figure; 76% of cargo was transported by rail.
Investments in Turkmenistan's economy in 2024 amounted to more than $12.1 billion
19.09.2025Investments in Turkmenistan's economy exceeded $12.1 billion in 2024, according to Mammetguly Astanagulov, Minister of Finance and Economy of Turkmenistan, speaking at the TIF 2025 forum, as reported by the news website Turkmenportal. According to the Minister, the share of foreign investment reached 11.6% and grew by 1.4% compared to 2023. In monetary terms, this is almost 5 billion manats, which is 25% more than last year's level. M. Astanagulov noted that stable fiscal policy and tax incentives contribute to investment growth. The priority areas remain the oil and gas sector, gas and petrochemicals, energy, construction and industry.
Azerbaijan will provide Turkmenistan with an oil tanker
19.09.2025The Baku Shipyard has begun construction of an 8,000-tonne oil tanker, which will be presented to Turkmenistan. This was announced by Azerbaijan's Deputy Minister of Economy Sahib Nureddin Alekperov at the Turkmenistan Investment Forum (TIF 2025), according to the news website Turkmenportal. The Deputy Minister emphasised the prospects for cooperation between the two countries in shipbuilding, noting that Azerbaijan has the largest merchant fleet on the Caspian Sea and the shipyard is capable of producing various types of vessels. The construction of the tanker is being carried out within the framework of a bilateral partnership in this area. The TIF 2025 forum is being held in the ‘Avaza’ National Tourist Zone.
Turkmenistan and Switzerland strengthen economic partnership at TIF 2025 forum
19.09.2025On the sidelines of the Turkmenistan Investment Forum (TIF 2025) held in the ‘Avaza’ National Tourist Zone, Nicolas Ramseier, Chairman of the Swiss Foreign Business Council, delivered a speech. In his speech, he emphasised the commonality of approaches and the complementarity of the economies of the two countries. This was reported by IIC. Referring to his experience in business and politics, Ramseier pointed to the need for a comprehensive approach to ensuring stability and sustainable development, combining business and legislative practices. He expressed confidence that Switzerland and Turkmenistan adhere to similar principles based on neutrality, stability and prosperity through cooperation, and that their economies are complementary: Switzerland has advanced technologies and capital, while Turkmenistan is rich in resources and offers vast opportunities. The Swiss representative outlined specific areas of cooperation of interest to the council members, including Turkmenistan's potential in the field of renewable energy, where Switzerland is ready to provide investment and expertise, and cooperation in reducing methane emissions with the involvement of leading engineers. Emphasis was placed on Swiss investors' interest in developing the ‘Galkynysh’ field. Ramseier emphasised that all these initiatives are practical proposals for joint work.
Over 800 delegates from 45 countries are participating in the TIF-2025 forum in Avaza
18.09.2025The Turkmenistan Investment Forum (TIF-2025) opened on 18 September in the ‘Avaza’ National Tourist Zone, with the main goal of attracting foreign and domestic investment to the country's economy. The forum will last two days, until 19 September. This was reported by Turkmenportal. At the opening ceremony, Turkmenistan's Minister of Finance and Economy Mammetguly Astanagulov read out a welcome address from President Serdar Berdimuhamedov to the participants. According to the organisers, TIF-2025 brought together more than 800 delegates from over 45 countries. Among them were representatives of government agencies, international organisations, as well as leaders of large companies and business circles.
Turkmenistan expands renewable energy and oil and gas technologies
18.09.2025Turkmenistan is actively developing projects in the field of ‘green’ energy and digitalisation of the oil and gas industry. This was reported by the news agency Orient. In rural areas, solar panels and wind turbines are increasingly being used to supply electricity to households, and the government is considering launching local production of equipment with the involvement of foreign investment. ‘Smart’ wells and digital fields are being introduced in the oil and gas sector, allowing for increased production and reduced costs by up to 20%. A new building with solar and wind installations has been opened at the State Energy Institute, where specialists in renewable energy, robotics and AI will be trained. Turkmenistan is cooperating with German universities to develop scientific research. The modernisation programme aims to conserve resources, improve the environment and strengthen the country's energy security.
Turkmenistan and the UN organised a forum on financing the SDGs
17.09.2025The UN and the Government of Turkmenistan held a parallel event to the Investment Forum at the UN House in Ashgabat, dedicated to issues of financing sustainable development. This was reported by the online publication Arzuw.news. Representatives of government agencies, UN experts and development partners participated in the discussions. They summarised the results of the 4th International Conference on Financing for Development and reviewed national approaches to achieving the Sustainable Development Goals (SDGs). The results of a joint assessment of SDG financing needs were presented, as well as the experience of European and Central Asian countries in attracting investment. The meeting confirmed Turkmenistan's readiness to strengthen international cooperation and develop strategies to achieve the SDGs.
Turkmenistan participated in the ‘Central Asia + Japan’ Energy Dialogue
17.09.2025On 16 September this year, the Second Ministerial Dialogue on Economy and Energy in the ‘Central Asia + Japan’ format was held, chaired by the Minister of Economy, Trade and Industry of Japan. The event was held in a hybrid format with the participation of heads of relevant ministries of the fuel and energy sector of Central Asian countries. This was reported by the Ministry of Foreign Affairs of Turkmenistan. The key topics of discussion were the prospects for the development of energy cooperation, the transition to carbon neutrality, ensuring sustainable economic growth, and the introduction of advanced technologies in the fuel and energy complex. Following the meeting, the participants reached agreements on the development and implementation of joint projects in the field of renewable energy sources aimed at achieving carbon neutrality in the region. The parties also confirmed their intention to deepen the partnership between the countries of Central Asia and Japan in the energy sector.
Turkmen confectionery brands debut at ISM Middle East 2025 exhibition in Dubai
16.09.2025Leading Turkmen confectionery and snack manufacturers, including well-known brands such as ‘Täze aý’, ‘Bars’, ‘Hasar’ and ‘Kilwan’, are participating in the ISM Middle East 2025 International Exhibition. The event is being held from 15 to 17 September at the Dubai World Trade Centre and occupies an important place among the key industry events in the region. This was reported by IIC. ISM Middle East serves as a platform for bringing together global leaders in the confectionery market and showcasing new products from the Middle East, Africa and Asia. For Turkmen manufacturers, this event opens up prospects for establishing business relationships and finding international partners. The organisers emphasise that the exhibition is not only a trading platform, but also a professional environment for exchanging practical experience, demonstrating innovative developments and stimulating commercial growth. Every business meeting and agreement signed contributes to the development of the confectionery industry at the international level.
Participants of TIF 2025 in Turkmenistan will be able to watch the events online
14.09.2025The Turkmenistan Investment Forum (TIF 2025) will be available in digital format. For the convenience of participants, a mobile application called ‘TIF 2025 Attendee Hub’ has been developed, according to the IIC of Turkmenistan. With its help, users will be able to track the forum programme, receive up-to-date notifications and follow speakers' presentations, meetings and the work of international delegations online. Access to the service is available through the ‘Cvent Events’ app, where users must enter the code TIF2025TM. No additional registration is required.
Turkmen producers to take part in WorldFood Moscow 2025
13.09.2025Turkmen companies will participate in the WorldFood Moscow 2025 international exhibition, which will be held in Moscow from 16 to 19 September. The forum annually brings together representatives of the food industry from different countries, this year - more than 1,100 companies from 31 countries, according to the online publication ‘Business Turkmenistan’. Turkmenistan will be represented by the companies ‘NesilCoffee’, ‘Tibet Türkmen’ and ‘Oguz Ýol’. ‘Tibet Türkmen’ is known for its ‘Balşeker’, ‘Kirpi’ and ‘Kenton’ brands and specialises in confectionery products. ‘NesilCoffee’ has launched one of the largest coffee production plants in Central Asia. ‘Oguz Ýol’ grows fruit and vegetables in greenhouses in the Kaka etrap. WorldFood Moscow 2025 opens up opportunities for producers and distributors, helping Turkmen companies enter the international market and develop business ties. In addition, Turkmenistan will present a national pavilion at the Halal Expo 2025 exhibition, which will be held in Istanbul from 26 to 29 November.
Turkmenistan and Pakistan discussed energy partnership during a meeting in Islamabad
11.09.2025On 10 September, the Embassy of Turkmenistan in Islamabad hosted a meeting with a delegation from the Society of Asian Civilisations of Pakistan, led by the organisation's founder, Zulfiqar Ali Qureshi. The Turkmen side presented information on key aspects of the country's foreign policy and the results of the recent UN Conference on Landlocked Developing Countries held in Avaza. This was reported by IIC. The central topic of discussion was the prospects for the implementation of major energy projects — the TAPI gas pipeline and the TAP power line. The participants unanimously recognised their strategic importance for meeting the long-term energy needs of Pakistan and the entire region. The parties expressed confidence that the successful implementation of these projects would contribute not only to energy security but also to sustainable socio-economic development, strengthening the multifaceted partnership between Turkmenistan and Pakistan. At the end of the meeting, the parties confirmed their readiness to further develop bilateral cooperation in the political, economic and cultural spheres.
Read also
Advertising
Read us in Zen
