Economy
The Minister of Construction of Turkmenistan represented the country at a forum in Beijing
10.11.2025Abdylla Geldiyev, Minister of Construction and Architecture of Turkmenistan, took part in the conference of construction ministers of the ‘China – Central Asia’ format, held in Beijing from 6 to 8 November. This was reported by TerraNews. The forum was devoted to issues of sustainable urban development and expanding cooperation within the framework of the ‘Belt and Road Initiative’, continuing on from the second ‘China – Central Asia’ summit, which was held earlier in Astana. Speaking at the conference, Abdylla Geldiyev presented the development strategy for the construction industry in Turkmenistan and noted that the rich architectural heritage of the Great Silk Road serves as a solid foundation for modern international partnership. The minister outlined four key areas of cooperation: the development of ‘green’ infrastructure, the reduction of seismic risks, the exchange of experience in the field of architecture and urban planning, and the strengthening of scientific and technical potential through joint seminars and conferences.
Turkmenistan presented the potential of its oil and gas industry at ADIPEC-2025
07.11.2025A delegation from Turkmenistan, led by Guvanch Agajanov, Chairman of the State Concern ‘Türkmennebit,’ took part in the ADIPEC-2025 international oil and gas exhibition and conference, held from 3 to 6 November in Abu Dhabi. This was reported by the press service of the Foreign Affairs Ministry of Turkmenistan. The delegation included Bayram Bayramov, Ambassador Extraordinary and Plenipotentiary of Turkmenistan to the UAE, and representatives of the ‘Türkmennebit’ and ‘Türkmengaz’ concerns. Turkmenistan was represented at the exhibition by a national pavilion showcasing the achievements of the oil and gas industry and the country's investment opportunities. G. Agajanov held meetings with the management of ‘ADNOC’, ‘ENOC’, ‘Dragon Oil’ and other international companies, discussing current cooperation and promising projects. Particular attention was paid to the 25th anniversary of cooperation with ‘Dragon Oil’. Negotiations were also held with ‘Petronas’, ‘Siemens Energy’, ‘Baker Hughes’, ‘Yug-Neftegaz’ and ‘Azizi Group’. Participation in ADIPEC-2025 underscored Turkmenistan's desire to develop international energy cooperation and attract investment in the industry.
Turkmenistan and Austria expand economic ties
06.11.2025The Chamber of Commerce and Industry of Turkmenistan hosted a Turkmen-Austrian round table with the participation of an Austrian business delegation headed by Austrian Ambassador to Turkmenistan Thomas Schuller-Götzburg (resident in Baku). The delegation included representatives of private companies, according to the online news resource TerraNews. The parties discussed strengthening economic partnership and potential areas of cooperation. After the plenary session, B2B meetings were held, during which entrepreneurs will exchange contacts and discuss opportunities for joint projects. The aim of the event was to intensify business ties and attract Austrian investment into the economy of Turkmenistan.
Turkmenistan held negotiations with ‘MAN Energy Solutions’ on energy development
05.11.2025On the sidelines of the CIET 2025 International Conference and Exhibition, Deputy Minister of Energy of Turkmenistan Serdar Saparov held a meeting with Boris Levin, representative of MAN Energy Solutions, according to the online news resource TerraNews. During the negotiations, they discussed the possibilities of using MAN's advanced technologies to modernise existing energy facilities and build new ones. Particular attention was paid to improving the efficiency of equipment and reducing natural gas consumption. The parties also considered measures to reduce the carbon footprint, including the introduction of energy-efficient equipment and the use of low-carbon fuels. Issues of technical maintenance, training of Turkmen specialists and the potential localisation of service centres were discussed. The meeting demonstrates Turkmenistan's desire to attract global technology leaders to achieve its strategic goals in the field of energy security and sustainable development.
‘Kawasaki’ expands industrial cooperation with Turkmenistan
05.11.2025Tomohiro Takashina, Director of ‘Kawasaki Heavy Industries, Ltd.’s Representative Office in Turkmenistan, announced at the CIET 2025 conference that the company is ready to begin the second phase of construction of a plant to produce environmentally friendly gasoline from natural gas. This was reported by the news website Asmannews. According to Tomohiro Takashina, the existing GTG-1 plant in the Ahal velayat has become an example of successful cooperation and produces Euro 5 standard fuel, which is in demand in the markets of neighbouring countries and Europe. He stressed that Turkmenistan's neutral status and economic stability, as well as its rich natural resources, create favourable conditions for international business. The company representative added that, building on the success of the GTG-1 project, ‘Kawasaki Heavy Industries, Ltd.’, together with ‘Rönesans’ and ‘ITOCHU’, intends to implement the construction of a new GTG-2 complex, which will contribute to strengthening economic ties between Turkmenistan and Japan.
Turkmenistan develops energy potential of the Caspian coast
05.11.2025At the CIET 2025 conference, Deputy Minister of Energy Serdar Saparov announced the start of construction of a new combined cycle power plant on the Caspian coast, according to the online news resource TerraNews. The plant will have a capacity of 1,574 MW. The project aims to modernise the energy system, improve energy security and expand electricity exports to the Caucasus countries and Turkey. The use of combined technology will allow the reuse of thermal energy from waste gases, which will reduce fuel consumption and emissions, making production more environmentally friendly and energy efficient. S. Saparov noted that the project reflects Turkmenistan's commitment to innovation and the development of ‘green’ energy as part of its sustainable growth strategy.
Turkmenistan and ‘Bitdeer Technologies Group’ explore digital solutions
05.11.2025At the CIET-2025 International Conference and Exhibition in the ‘Avaza’ National Tourist Zone, ‘Bitdeer Technologies Group’, a global leader in blockchain and high-performance computing, presented its digital solutions for the energy and industrial sectors of Turkmenistan, according to the online news resource TerraNews. The company's Director of Partnerships and Business Development, Housame Naimi, noted the potential of implementing Bitdeer technologies to improve the efficiency and sustainability of the economy. The company is considering the possibility of creating high-tech data centres in Turkmenistan based on consistent energy resources. According to Bitdeer, such cooperation could contribute to the development of the digital industry and the rational use of the country's energy potential. H. Naimi's speech highlighted the growing interest of global IT companies in Turkmenistan as a promising platform for ‘smart’ and environmentally friendly technologies.
Turkmenistan signs memorandum with German company Zippe Industrieanlagen
05.11.2025At the CIET 2025 International Conference, a Cooperation Agreement was signed between the Ministry of Industry and Construction of Turkmenistan and the German company ‘Zippe Industrieanlagen GmbH’, according to the online news resource TerraNews. The partnership aims to modernize Turkmenistan's glass enterprises and improve their efficiency. The use of German technologies will optimize production processes and enable the manufacture of high-quality construction glass, which is in line with Turkmenistan's national strategy to replace imports in the construction industry. ‘Zippe Industrieanlagen GmbH’ specializes in supplying equipment and technological solutions for the glass industry, including raw material preparation and batch mixing systems.
ROSATOM reveals the potential of nuclear technology in Turkmenistan
05.11.2025Dmitry Konstantinov, Director General of the ROSATOM State Corporation's representative office in Kyrgyzstan and Turkmenistan, gave a presentation at the CIET 2025 International Conference, according to the online news resource TerraNews. In his speech, Mr Konstantinov spoke about the prospects for the development of nuclear energy in Central Asia, emphasising the importance of consistent and low-carbon energy sources. He noted that the nuclear industry is being discussed in the context of ensuring energy security and achieving decarbonisation goals, despite Turkmenistan's rich gas resources. The potential of nuclear technologies, including small modular reactors (SMRs), was also presented, and their role in maintaining a sustainable energy balance alongside traditional and renewable energy sources was emphasised. ROSATOM's participation in CIET 2025 demonstrates the corporation's readiness for open dialogue on the safe and responsible introduction of nuclear technologies in the region.
CIET 2025 brings together international companies and Turkmenistan's industry
04.11.2025The International Conference and Exhibition ‘Development of the Construction, Industrial, Chemical and Energy Sectors of Turkmenistan’ (CIET 2025) has kicked off in the ‘Avaza’ National Tourist Zone. On the first day, B2G meetings were held between representatives of leading foreign companies and state structures of Turkmenistan, according to the news website Turkmenportal. The participants discussed the prospects for joint projects in the fields of energy, industrial construction, transport and chemical production, as well as issues of financing and innovation. The plenary session discussed sustainable investment and international cooperation in key sectors of the economy. Speakers included Deputy Chairman of the Cabinet of Ministers of Turkmenistan Baymyrat Annamammedov, Minister of Industry Toyguly Nurov and representatives of ‘Çalık Holding’, ‘Rönesans Holding’ and ‘Mitsubishi Heavy Industries’. The first thematic session was devoted to the development of ‘green’ energy and the chemical industry. The discussion was attended by Minister of Energy Annageldi Saparov, Acting Chairman of the State Concern ‘Türkmenhimiýa’ Tanryguly Atayev, Minister of Agriculture Charyyar Chetiyev and foreign experts. The CIET 2025 exhibition showcases the achievements of domestic enterprises and modern technologies of foreign companies in construction, energy and industry. Particular attention is paid to digitalisation and modernisation of production facilities. The forum will continue on 4 November with thematic sessions, negotiations and presentations of new projects.
Turkmenistan strengthens cooperation with Japanese company ‘Sumitomo’
04.11.2025At the CIET 2025 International Conference on Industry and Energy, Sergey Lobanov, General Manager of ‘Sumitomo Corporation Central Eurasia LLC’ (Japan), announced the company's desire to strengthen its partnership with Turkmenistan, according to the news website Asmannews. He emphasised that the introduction of Japanese technologies ensures a high level of quality and reliability in energy and infrastructure. According to Lobanov, the corporation's participation in the forum demonstrates Turkmenistan's growing role as a strategic partner in projects for the development of a low-carbon economy and innovative construction. The company intends to expand its cooperation with the Turkmen side.
‘Rönesans Holding’ highlighted Turkmenistan's successes in the development of petrochemicals
04.11.2025At the International Conference on the ‘Development of the Construction, Industrial, Chemical and Energy Sectors in Turkmenistan’ (CIET 2025), the Turkish company ‘Rönesans Holding’ noted Turkmenistan's achievements in the development of the petrochemical industry, according to the online news resource TerraNews. A company representative emphasised that the Ahal plant for the production of gasoline from natural gas (GTG), created jointly with Japan's ‘Kawasaki’, has become a global benchmark in the industry, with a capacity of 600,000 tonnes per year. The first phase of the project was implemented with the support of Japan and became the basis for further expansion. Currently, ‘Rönesans,’ ‘Kawasaki’ and ‘Itochu’ are working on the second phase of construction. The expansion of the plant will strengthen Turkmenistan's export potential and contribute to the introduction of environmentally friendly technologies in the industry.
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