Economy
Turkmenistan and Russia discussed expanding economic cooperation at the SPIEF
20.06.2025As part of the St. Petersburg International Economic Forum, talks were held between the Deputy Prime Ministers of Turkmenistan and Russia, Nokerguly Atagulyev and Marat Husnullin. The Russian representative noted the dynamic growth in trade between the countries, which increased by 21.4% in the first quarter of 2025, and confirmed the development of a joint action plan for 2025-2027. This was reported by the Ministry of Foreign Affairs of Turkmenistan. During the talks, attention was paid to the development of transport corridors, including routes through Turkmenistan to China, the implementation of infrastructure projects (the Volga-Caspian Canal, the ‘Eastern Bypass of the Caspian Sea’), deepening cooperation in energy, industry and agriculture, and expanding cultural exchanges and educational programmes. The parties noted the significance of the participation of the National Leader of the Turkmen people, Gurbanguly Berdimuhamedov, in the recent KazanForum, which underscores the special level of inter-state relations. The interlocutors confirmed their intention to develop a strategic partnership based on mutual trust and common interests.
Turkmenistan and Afghanistan develop transport partnership
20.06.2025On 18 June, Turkmenistan's Ambassador Extraordinary and Plenipotentiary to Afghanistan, Hoja Ovezov, met with Afghanistan's Acting Minister of Transport and Civil Aviation, Mawlawi Hamidullah Akhundzada. This was reported by the online resource TerraNews. According to the source, during the talks, the Afghan side expressed its readiness to intensify cooperation, noting the favourable conditions for increasing cargo traffic. Among the topics discussed was the simplification of visa procedures for Afghan drivers, which should contribute to the development of road transport. The Turkmen ambassador confirmed his country's interest in deepening the partnership, especially in the areas of logistics and trade.
Preparations for construction of fertilizer plant begin in Turkmenistan
18.06.2025Preparatory work is underway at the Turkmenabat Chemical Plant for the start of construction of a new production complex. This was reported by the news resource Turkmenportal with reference to the newspaper ‘Turkmenistan’. According to a Decree signed by the President of Turkmenistan, the construction of the facility has been entrusted to the South Korean company Daewoo Engineering & Construction Co., Ltd. The new complex will be designed to produce 350,000 tonnes of superphosphate and 100,000 tonnes of ammonium sulphate annually. Foundation work is being carried out in cooperation with Korean engineers and specialists. In addition, the Turkmenabat Chemical Plant continues to actively supply the country's agricultural sector with fertilisers this year. Since the beginning of the year, it has produced about 11,300 tonnes of mineral fertilisers, including 5,200 tonnes of nitrogen and over 6,000 tonnes of phosphorus.
Deals worth over $17 million were concluded on the Turkmenistan Stock Exchange
18.06.2025On 17 June, 13 deals worth a total of US$17.399 million and 6.5 million manats were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by the press service of the SCRMET. Among the largest participants in the foreign market were entrepreneurs from Afghanistan and the United Arab Emirates, who signed contracts with the State-owned Concerns ‘Türkmengaz’ and ‘Türkmenhimiýa’ for the supply of liquefied gas. Businessmen from Uzbekistan also purchased Portland cement of the brand ‘CEM I 32.5 H/ CEM II A-I 32.5 H’ from their Turkmen partners. On the domestic market, local entrepreneurs signed a contract with the State Concern ‘Türkmennebit’ for the purchase of road bitumen of the ‘BND 60/90’ brand. Auctions on the SCRMET continue to show activity among both foreign and local participants, confirming sustained interest in Turkmenistan's key export and production goods.
Businessmen from Afghanistan and the United States purchased liquefied gas on the Turkmenistan exchange
17.06.2025At the State Commodity and Raw Materials Exchange of Turkmenistan on 16 June, representatives of business circles from Afghanistan and the United States agreed on deals with state-owned companies of Turkmenistan. This was reported by the website of the State Commodity and Raw Materials Exchange of Turkmenistan. According to the source, foreign entrepreneurs purchased liquefied gas from the state-owned companies ‘Türkmennebit’, ‘Türkmengaz’ and ‘Türkmenhimiýa’. In addition, Turkmen businessmen purchased ‘BND 60/90’ road bitumen from the State Concern ‘Türkmennebit’, technical carbon of the ‘Y-354’ brand from the State Concern ‘Türkmenhimiýa’, cotton lint from the State Concern ‘Türkmenpagta’, and also concluded a deal with the Ministry of Textile Industry for the purchase of textile products. The total value of the 19 deals signed during the tender was around 14 million 942 thousand US dollars and over 33 million 408 thousand manat.
The Turkmenbashi Denim Complex demonstrated the successes of the Turkmen textile industry
17.06.2025At the international exhibition ‘TurkmenTextile Expo – 2025’, the Turkmenbashi Denim Complex vividly demonstrated its achievements, confirming its status as the flagship of the country's textile industry. The company presented new collections made from 100% natural cotton, which aroused keen interest among visitors to the exhibition. This was reported by the online publication ‘Turkmenistan: Golden age’. Since its foundation in 1995, the complex has achieved significant success in the international market. Today, its products are exported to the United States, European countries and neighbouring countries, and its partners include such well-known brands as ‘FunDay’, ‘Colins’ and ‘LC Waikiki’. In the past, the company also fulfilled orders for ‘Levi's’ and ‘Tommy Hilfiger’ and manufactured products under licence for ‘Zara’, ‘Wrangler’ and other global brands. The complex has a full production cycle, from spinning mills to sewing factories equipped with modern European equipment. The wide range includes fashionable clothing for the whole family and accessories, which can be purchased in ‘Altyn Asyr’ stores under the national brand ‘Bedew’.
Lebap velayat strengthens sustainable development of Turkmenistan's economy
16.06.2025The land of Turkmenistan has significant reserves of natural resources, the key ones being oil and natural gas. Their extraction, processing and sale on domestic and international markets require a high level of professionalism and considerable effort. The ‘Lebapgazçykaryş’ department plays a significant role in this area, according to the news resource AsmanNews. From January to May this year, the company produced almost 4 billion cubic metres of natural gas. This ensured stable energy supplies to consumers, including China. Exports are carried out via the Turkmenistan-China transnational pipeline, an important link in which is the Malay-Bagtyyarlyk trunk line. During the reporting period, over 2.2 billion cubic metres of gas were transported through it, which is 160.9% of the planned volume. Employees of the gas compressor complex at the Malay field made a significant contribution to the results achieved. The increase in production volumes was made possible by the efficient operation of the production infrastructure, major repairs to equipment and the drilling of new wells. Since the beginning of the year, more than 14.2 thousand tonnes of gas condensate have been produced, which is 10% higher than planned. This valuable raw material is sent for processing into high-quality petroleum products at the Seydi Oil Refinery. At the same time, work is underway to expand the resource base. Geological exploration activities carried out by specialists from the ‘Lebapnebitgazgözleg’ expedition are contributing to the discovery of new promising sites. In particular, commercial gas flows have been recorded at the Tachmyradov and Chartak sites. Recently, drillers led by Aganiyaz Akiyev successfully developed a new productive well at the North Gazlydepe field with a daily output of over 400,000 cubic metres of gas and a significant volume of condensate.
Industrial natural gas flow recorded at the ‘Galkynysh’ field
16.06.2025The ‘Galkynysh’ gas field, one of the largest in Turkmenistan, has received another industrial flow of natural gas with a daily output of 2.24 million cubic metres. This was reported by the newspaper ‘Neutral Turkmenistan’, according to Turkmenportal. Well No. 264, drilled to a depth of over 4,000 metres, was constructed by ‘Türkmengazburawlaýyş’ on behalf of ‘Marygazçykaryş’ as part of the field development project being implemented by the ‘Turkmengas’ State Concern. The gas-bearing layer was discovered at a depth of 3,852 to 4,011 metres. According to experts, the commissioning of the new well will strengthen the production capacity of the country's fuel and energy sector.
Deals worth over US$2.2 million were concluded at the SCRMET
16.06.2025Last week, 48 deals worth over US$2.2 million and 1.1 billion manats were made at the State Commodity and Raw Materials Exchange of Turkmenistan. The main buyers were entrepreneurs from the UAE, Turkey, Afghanistan, and Kyrgyzstan, as well as companies from Turkmenistan. This was reported by IIC. Foreign businessmen purchased petrochemical products, including base oil, petroleum bitumen (produced by the ‘Türkmennebit’ State Concern) and liquefied gas (from the ‘Türkmenhimiýa’ State Concern). In addition, there was significant demand for textiles – terry products, cotton fabrics and yarn, with the total volume of export transactions exceeding $2.28 million. Local companies actively purchased polypropylene, petroleum coke, technical carbon, iodine and potassium chloride. Cotton fibre, denim fabric and licorice root extract were also sold, with the total turnover of domestic transactions amounting to 1.13 billion manat. These results confirm the steady demand for Turkmen petrochemical and textile products on both international and domestic markets.
‘Balkan’ cement plant strengthens Turkmenistan's economy
16.06.2025The ‘Balkan’ cement plant, owned by the Ministry of Industry and Construction of Turkmenistan, is an example of the dynamic development of the country's national economy. This was reported by the news agency ‘Turkmenistan: Golden age’. The plant is located near the city of Balkanabat and covers an area of 50 hectares. Hundreds of specialists work here in several shifts. Three four-storey buildings have been constructed on the factory premises to provide comfortable living and working conditions for employees. Production processes at the factory are fully automated. The coordinated work of all departments, from the garage to the control centres, ensures a stable output of construction materials. Products are regularly delivered to sites throughout the country. Since the beginning of the year, the plant has produced and shipped more than 403,000 tonnes of cement, increasing volumes by 29%. The raw materials used — limestone, clay, sand, gypsum and ore — are extracted within the Balkan velayat, which speeds up production and reduces its cost.
The Ashgabat Forum contributed to increasing the country's production capacity
16.06.2025The international exhibition ‘White City Ashgabat’ became a landmark event demonstrating the technological potential of Turkmenistan. During the forum, important agreements were reached that will determine the country's development vector for the coming years. This was reported by the online publication ‘Turkmenistan: Golden age’. The innovative developments of the ‘Aýdyň gijeler’ enterprise, including the latest solar lanterns and modern electrical engineering solutions, deserve special attention. These achievements were made possible by the consistent policy of technological modernisation pursued under the leadership of President Serdar Berdimuhamedov. The signing of a series of strategic agreements with leading Chinese technology companies was the central element of the forum. These documents open up new prospects for the digitalisation of education, the development of the lighting industry and the organisation of computer equipment production. The partnership in the field of artificial intelligence and server solutions was particularly significant. Experts note that the forum not only strengthened Turkmenistan's international cooperation but also clearly demonstrated the country's readiness to actively participate in global technological processes. The agreements signed create a solid foundation for transforming Turkmenistan into a regional centre for innovation and high technology.
Turkmenistan, Uzbekistan and Iran strengthen transport and logistics partnership
16.06.2025At the 82nd meeting of the CIS Council on Railway Transport, trilateral talks were held between the Heads of the railway administrations of Uzbekistan, Turkmenistan and Iran. The main topic was the development of the international transport corridor ‘Uzbekistan-Turkmenistan-Iran’, which opens up new opportunities for freight transport to Europe. This was reported by the online publication TerraNews. The participants discussed specific measures to increase freight traffic and optimise logistics processes. The talks resulted in the signing of a protocol confirming further cooperation between the parties. Experts noted the growing role of Central Asia in the formation of alternative transport routes between Asia and Europe. Thanks to their favourable geographical location, the countries of the region are becoming an important transit hub in international supply chains, connecting China and other Asian countries with the markets of the European Union.
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