Economy
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.
Turkmen entrepreneurs have entered into agreements with businessmen from Turkey and the UAE
11.05.2025On Saturday, 10 May, entrepreneurs from Turkey and the United Arab Emirates concluded deals with representatives of business circles of Turkmenistan on the foreign market. This was reported by the Internet news resource TerraNews. Foreign companies purchased road bitumen of BND 60/90 grade, as well as lighting paraffin of KO-20 grade from the State Concern ‘Turkmennebit’. In addition, in the domestic market, Turkmen entrepreneurs signed a contract with the same concern for the supply of road bitumen of the same brand. As a result of the bidding, three contracts were concluded for a total amount of $3,417,000 and 750,000 manat.
In Turkmenistan, the oil production plan has reached figures of 107.9%
10.05.2025During the regular meeting of the Cabinet of Ministers of Turkmenistan, Deputy Chairman of the Cabinet of Ministers Batyr Amanov presented a report on the work of the oil and gas industry of Turkmenistan for the first four months of 2025. This is reported by the state news agency TDH. According to the Deputy Prime Minister, the State Concern ‘Türkmennebit’ has achieved 107.9 per cent in oil production and 105.9 per cent in oil refining. The plan for the production of petrol was fulfilled by 102.3%, diesel fuel - by 100.8%, lubricating oils - by 110.4%, liquefied gas - by 111.7%. Also, the plan for the production of natural and associated gas reached 103.5 per cent. Having heard the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the need to further increase the volume of oil and gas production, ensure maximum utilisation of production capacities, stability of their operation, increase the efficiency of drilling operations, commissioning of new wells and introduction of advanced technologies, addressing relevant instructions to the Deputy Prime Minister.
The GDP of Turkmenistan grew by 6.3% from January to April of the current year
10.05.2025Turkmenistan's GDP grew by 6.3% year-on-year in January-April 2025, Deputy Prime Minister Khojamyrat Geldimyradov said at the Cabinet of Ministers meeting on 8 May, TDH reports. The largest increases were recorded in transport and communications (11.1%), trade (9.9%) and services (8.8%). Construction grew by 4.4 per cent, agriculture by 4 per cent and industry by 0.6 per cent. Total output increased by 9.7 per cent, retail turnover by 12.4 per cent and foreign trade by 2.2 per cent. Budget revenues were executed by 101.5 per cent, expenditures - by 97.6 per cent. The average wage at large and medium-sized enterprises increased by 11.5 per cent, while investment grew by 11.4 per cent. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov instructed to ensure sustainable development of the economy and maintain positive GDP dynamics.
Turkmenistan and France are strengthening their partnership in advanced technological sectors
08.05.2025The official visit of the National Leader of the Turkmen People, Chairman of the Khalk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov to France has opened new prospects for Turkmen-French cooperation in advanced technological sectors. This was reported by IIC of Turkmenistan on 8 May. According to the source, a Memorandum of Understanding was signed between the ‘Türkmenaragatnaşyk’ agency and ‘Airbus Defence and Space SAS,’ which will allow Turkmenistan to intensify interaction with the world leader of aerospace industry in the field of space technologies and satellite communications. A framework agreement was also reached between the ‘Türkmenaragatnaşyk’ agency and the French company ‘Thales Alenia Space France’ to modernise Turkmenistan's national communications satellite ‘TürkmenÄlem’. The signing ceremony took place in Paris within the framework of the Turkmen-French Economic Forum, which emphasises the desire of Turkmenistan and France to strengthen mutually beneficial partnerships.
Turkmenistan will present agricultural products at exhibitions in Baku
07.05.2025Turkmen enterprises will take part in the largest agrarian and food exhibitions in Azerbaijan, where they will present their products and establish business contacts. Two significant international exhibitions - the 18th Caspian Agro and the 30th anniversary InterFood Azerbaijan - will be held at the Baku Expo Centre from 13 to 16 May 2025. Turkmenistan has confirmed its participation in these events, which will bring together about 450 companies from more than 30 countries. This is reported by IIC. This is a great opportunity for Turkmen producers to demonstrate the achievements of agriculture and food industry, find new partners and investors, study advanced technologies and experience of foreign colleagues. According to the representative of the organisers Bahruz Hidayatzade, the format of the event increased to four days will allow the participants to make the most effective use of time for business negotiations and establishment of promising contacts.
A number of agreements have been concluded between Turkmenistan and France
07.05.2025A number of significant bilateral documents were signed during the Turkmen-French Economic Forum held in Paris. In particular, the ‘Türkmenaragatnaşyk’ agency reached agreements with ‘Airbus Defence and Space SAS’ on cooperation in the field of telecommunications. This is reported by IIC. The Ministry of Agriculture of Turkmenistan signed an agreement with the French company ‘IGN FI’ on co-operation in the field of land cadastre. In the water sector, a memorandum of understanding was signed by the State Water Committee of Turkmenistan and the company ‘SUEZ International’. Of particular importance is the agreement between the State Concern ‘Türkmengaz’ and ‘SUEZ International’ on partnership in the gas industry. These documents create a solid basis for the development of long-term co-operation between Turkmenistan and France in key sectors of the economy.
The Turkmen company 'Senagat Plastik' has launched the production of new products
07.05.2025In Turkmenistan, entrepreneurs actively introduce modern technologies and develop industrial production. A striking example is Senagat Plastik, which has been operating in Turkmenbashi etrap for eight years. The enterprise specialises in processing of local raw materials and production of high-quality polyethylene and polypropylene products. This is reported by the Internet publication ‘Turkmenistan: Golden age’. The main products of the company are plastic pallets, which are widely used for loading and unloading operations and storage of goods. They are characterised by durability, resistance to chemical influences and practicality. Recently the company has expanded its product range by launching the production of polypropylene water filters using American-made equipment. These filters are already used in desalination plants. The expansion of production has created new jobs, which is in line with the state policy objectives of developing the industrial sector and the digital economy.
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