Economy
Turkmenistan is expanding the capacity of its international transport corridors
02.08.2026Turkmenistan’s transport and logistics sector is becoming one of the key drivers of economic development. The country is developing modern transport routes as part of the revival of the Great Silk Road. This is reported by the online news site AsmanNews. Innovative solutions are being introduced in the sector, road safety is being improved and the logistics infrastructure is being upgraded. Major projects, including the construction of the ‘Ashgabat–Turkmenabat’ motorway, international airports in Kerki and Jebel, and the development of seaports and railway hubs, are expanding the country’s capacity to participate in international transport corridors. An efficient transport system promotes industrial development, speeds up the delivery of goods to domestic and foreign markets, and supports regional economic growth. JSC ‘Transport and Logistics Centre of Turkmenistan’ plays a key role in this regard, with its activities focused on improving the efficiency of transit transport and optimising logistics processes. The development of modern and safe transport infrastructure is one of the key factors in Turkmenistan’s integration into the global transport system. Ashgabat International Airport, as a major multimodal complex, facilitates the growth of passenger and freight traffic, contributing to the further development of civil aviation and related sectors.
The Turkmenistan Ambassador met with the management of the Bank of Japan
01.08.2026A. Bayramov, Ambassador of Turkmenistan to Japan, held a meeting with K. Amakawa, the new Managing Director of the Japan Bank for International Cooperation (JBIC). This was reported by the press office of the Turkmen diplomatic mission. The parties discussed the prospects for developing cooperation between Turkmenistan and JBIC, as well as the implementation of joint projects. JBIC is involved in financing major economic projects in Turkmenistan in which Japanese companies are participating, including the GTG-1 gas-to-petrol plant in the Ahal velayat, the ‘Garabogazkarbamid’ plant, the Charjew State Power Station and other facilities. Issues relating to the implementation of projects in the circular economy sector with JBIC’s participation were also discussed.
OGT 2026 will showcase new approaches to the digitalisation of the energy sector
01.08.2026Artificial intelligence, digitalisation and modern technologies will be among the key themes of the 31st International Conference and Exhibition ‘Oil and Gas of Turkmenistan – OGT 2026’, which will take place in Ashgabat on 21–23 October 2026. This has been reported by the IIC of Turkmenistan. The provisional programme includes a specialised session entitled ‘Technology, Digitalisation and Artificial Intelligence in the Energy Sector’. Participants will discuss the application of artificial intelligence, digital fields, digital twins, automation, cyber security, data analysis, the optimisation of production assets and smart energy infrastructure. The focus will also be on the use of digital technologies for interpreting geological data, production forecasting, optimising drilling, equipment maintenance and improving environmental performance, including the monitoring of methane emissions. Technological developments in the sector will be examined during the Strategic Plenary Session and a special panel discussion featuring executives from leading international energy companies. In addition, the OGT Future Energy Leaders’ Forum will focus on the development of digital skills, the application of artificial intelligence and workforce development for the energy sector. The conference will bring together representatives from government bodies, national energy companies, international organisations, technology firms and industry experts to discuss digital transformation and technological cooperation in the global energy sector.
Turkmenistan and the EBRD discussed transport and economic projects
30.07.2026On 28 July, the President of Turkmenistan, Serdar Berdimuhamedov, held a meeting with the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, who had arrived in the country on a working visit. During the negotiations, the Head of State emphasised that Turkmenistan’s advantageous geographical location facilitates the development of modern transport infrastructure and international multimodal corridors along the ‘North–South’ and ‘East–West’ routes, according to the news agency ‘Turkmenistan: Golden age’. Furthermore, the President of Turkmenistan noted that Turkmenistan attaches great importance to cooperation with the EBRD in the trade, economic, financial and banking sectors. Energy, transport, the digital economy and environmental protection were identified as priority areas for further partnership. The President of Turkmenistan also reaffirmed the country’s readiness to expand practical cooperation with the EBRD in the implementation of major infrastructure projects.
Investors from around the world will gather at TIF 2026 in Ashgabat
30.07.2026The Turkmenistan Investment Forum (TIF 2026) will take place from 1 to 2 October at the ‘Ýyldyz’ Hotel in Ashgabat. The event will serve as an international platform for discussing investment projects, with the participation of representatives from government bodies, international financial institutions and the business community, according to the news agency ‘Turkmenistan: Golden age’. The forum is organised by the Ministry of Finance and Economy of Turkmenistan and the country’s Ministry of Foreign Affairs, with the support of Turkmen Congress. Confirmed participants include the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD) and UK Export Finance. The forum’s programme will cover issues relating to energy and petrochemicals, transport corridors, the digital economy and virtual assets, green projects, the agro-industrial sector, tourism and urban infrastructure, as well as water resource management. A separate session will be devoted to the application of artificial intelligence in the economy. Participants will be able to hold meetings with representatives of government bodies, take part in a seminar on the legal and financial aspects of project implementation, and establish business contacts with international financial institutions. Registration for the forum will open shortly on the event’s official website.
The oil workers at ‘Goturdepenebit’ have exceeded their targets
30.07.2026The ‘Türkmennebit’ State Concern has been recording growth in production figures since the start of the year. The staff of the ‘Goturdepenebit’ oil and gas production department have made a significant contribution to this success, according to the online newspaper ‘Nebit-Gaz’. Due to modernisation and the introduction of state-of-the-art equipment, the division has produced 610,234 tonnes of crude oil since the start of the year, achieving a rise in production rates of more than 105 per cent. Production targets were exceeded by 61,000 tonnes of crude oil. The company’s staff continue to increase production volumes, demonstrating excellent work performance.
The Turkmen company ‘Täç Hil’ is considering entering the Georgian market
29.07.2026The Turkmen private company ‘Täç hil’ is considering entering the Georgian market with chemical products. This was reported by the online publication ‘Business Turkmenistan’, citing the newspaper ‘Rysgal’. The company’s products are currently exported to Uzbekistan, Kyrgyzstan, Kazakhstan, Azerbaijan, the Russian Federation, Belarus and Afghanistan. Prospects for cooperation with Georgian partners were discussed during the Turkmen-Georgian business conference and a travelling exhibition of Turkmen products, held at the Expo Georgia exhibition centre. At the event, ‘Täç hil’s products were presented to representatives of the foreign market. The company manufactures various types of household chemicals, including liquid soap, cleaning products and other goods. Modern technologies are used in production, taking into account the requirements of international markets. ‘Täç hil’ recently launched its Liora cream-based liquid soap. The 1-litre product is available in five fragrances: Pearl Glow, Milky Honey, Sweet Berries, Fresh Aloe and Ocean Breeze.
Uzbekistan is ready to expand its trade and investment partnership with Turkmenistan
28.07.2026At the Turkmen-Uzbek Business Forum in Ashgabat, Ravshanbek Alimov, Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to Turkmenistan, expressed the Uzbek side’s readiness to expand partnership in the trade, economic and investment spheres. This was reported by the IIC of Turkmenistan. The diplomat highlighted the development of bilateral relations within the framework of the strategic partnership. More than 20 leading companies from Turkmenistan and Uzbekistan are taking part in the forum. Industrial cooperation, including the production of construction and finishing materials, has been identified as one of the priority areas for collaboration. Participants at the event are exploring the possibility of concluding new contracts in the fields of steel structures, paints and varnishes, sandwich panels, plastic and rubber products, as well as ferrous metallurgy products.
The State Stock Exchange of Turkmenistan has registered nine transactions totalling over 2.7 million dollars
27.07.2026Following the trading session held at the State Commodity and Raw Materials Exchange of Turkmenistan last week, nine deals were concluded totalling more than 2.7 million US dollars. This was reported by the IIC of Turkmenistan. The buyers of the products, who paid in foreign currency, were entrepreneurs from Turkey, Uzbekistan and Azerbaijan. They purchased cotton yarn, raw silk and cotton oil soapstock. On the domestic market, Turkmen entrepreneurs concluded deals to purchase cotton yarn and cotton fibre worth 78 million 93 thousand manats. It is noted that the results of the exchange trading indicate that business activity remains stable both in the foreign trade sector and on the country’s domestic market.
Turkmenistan is preparing for consultations on the ‘Stable Energy’ forum
27.07.2026Issues relating to national development and foreign policy took centre stage at a government meeting via digital communications, chaired by the President of Turkmenistan, Serdar Berdimuhamedov, on 24 July. This was reported by the news agency ‘Turkmenistan: Golden age’. During the meeting, the Deputy Chairman of the Cabinet of Ministers and Foreign Affairs Minister, R. Meredov, reported on the country’s strategic priorities for the upcoming 81st session of the UN General Assembly. In particular, to put the resolution on sustainable energy infrastructure into practice, Turkmenistan will begin consultations on organising a high-level summit entitled ‘Stable Energy for All’.
Turkmenistan and Libya discussed the development of trade and economic cooperation
27.07.2026On 24 July, Mergen Gurdov, Chairman of the Chamber of Commerce and Industry of Turkmenistan, met with Mahmoud A. Hassan, Chargé d’Affaires ad interim at the Embassy of Libya in Turkmenistan. This was reported by the press office of the Chamber of Commerce and Industry of Turkmenistan. During the meeting, the parties discussed the further development of friendly relations between Turkmenistan and Libya, the intensification of trade and economic cooperation, and the expansion of business ties. The parties exchanged views on trade, investment, entrepreneurial activity and other priority areas of mutually beneficial cooperation. Particular attention was paid to strengthening contacts between the business communities of the two countries and making effective use of new opportunities for cooperation. At the conclusion of the meeting, the parties reaffirmed their readiness to consistently develop cooperation in areas of mutual interest, to implement joint initiatives in the future and to strengthen trade and economic relations.
Turkmenistan is expanding the capabilities of its geological exploration sector
26.07.2026On 24 July, at a meeting of the Cabinet of Ministers of Turkmenistan, Deputy Chairman of the Cabinet of Ministers G. Agajanov presented a report on the activities of the State Corporation ‘Türkmengeologiýa’. This was reported by the news agency TDH. It was noted that work is continuing in the country on the rational use of mineral resources, including geological exploration for rare minerals, drawing on international experience. Cooperation with leading foreign companies in the field of underground resource exploration is also being developed. The Deputy Prime Minister submitted a proposal on the development of international cooperation in this field to President Serdar Berdimuhamedov for consideration. The Head of State approved the initiative and instructed that the necessary steps be taken to implement it.
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