News
Work continues to expand the Goturdepe field in Turkmenistan
21.06.2025Active geological exploration continues in Turkmenistan, contributing to the growth of strategic raw material reserves and strengthening the country's resource potential. One example is the Goturdepe field, where specialists from the ‘Lebapnebitgazgözleg’ expedition of the ‘Türkmengeologiýa’ State Concern are conducting intensive exploration and prospecting work, according to the internet resource TerraNews. As a result of work on well No. 1907, which is 3,975 metres deep, commercial flows of oil and gas condensate — valuable hydrocarbons for the country's fuel and energy complex — were obtained at a depth of 3,658–3,664 metres. Drilling of well No. 1908 is currently continuing. These successes complement the efforts of the State Concern ‘Türkmennebit’ to efficiently use hydrocarbon resources and strengthen the country's position in the regional energy market.
The President of Turkmenistan has approved a tender for the construction of an ammonia plant
21.06.2025On 20 June, during a meeting of the Cabinet of Ministers, President of Turkmenistan Serdar Berdimuhamedov approved the announcement of an international tender for the construction of an ammonia and ammonium nitrate production plant in the Mary velayat. This was reported by the state news agency TDH. The proposal to announce the tender was presented by Deputy Prime Minister Baymyrat Annamammedov. The Deputy Prime Minister also reported on the activities of the complex under his supervision, in particular the State Concern ‘Türkmenhimiýa’. In his report, he noted that active work is currently underway to produce various mineral fertilisers, strengthen the material and technical base of the industry and launch new production facilities. After listening to the report, the Head of State emphasised the importance of developing the mineral fertiliser industry and noted that modern enterprises equipped with innovative equipment and technologies are being built and put into operation in Turkmenistan. The President of Turkmenistan instructed the Deputy Prime Minister to take all necessary measures to organise an international tender.
The Mejlis of Turkmenistan strengthens the legal framework and international cooperation
21.06.2025On 20 June, during a meeting of the Cabinet of Ministers, the Chairwoman of the Mejlis of Turkmenistan, Dunyagozel Gulmanova, reported on the current work of the national parliament. This was reported by the state news agency TDH. In particular, draft laws are being developed to improve civil and legal legislation, create a state register of voters, regulate issues of scientific intellectual property and virtual assets, and update customs regulations. This work is being carried out in accordance with the Constitution of Turkmenistan, state programmes and proposals from relevant departments. In addition, letters of credence were accepted from the Slovenian ambassador, and a representative of the Mejlis travelled to Warsaw to discuss partnership issues with the OSCE Office for Democratic Institutions and Human Rights. After hearing the information, President of Turkmenistan Serdar Berdimuhamedov noted the importance of systematic work to modernise the country's legal framework.
The Foreign Economic Affairs Bank of Turkmenistan received a ‘BB-stable’ rating from Fitch Ratings
21.06.2025Deputy Prime Minister of Turkmenistan Hojamyrat Geldimyradov reported on the activities of the State Bank for Foreign Economic Affairs of Turkmenistan (TFEB) in obtaining an international rating from Fitch Ratings (UK) during a government meeting on 20 June. This was reported by the state news agency TDH. On 16 June, the bank received a ‘BB-stable’ rating. The agency noted the country's high level of financial stability, significant insurance reserves and high solvency of TFEB, which is one of the largest banks in Turkmenistan. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the significance of this event for strengthening Turkmenistan's international financial image and instructed the Deputy Prime Minister to continue work in the field of foreign economic activity.
Turkmenistan among top three countries with highest investment inflows in Central Asia
21.06.2025According to the World Investment Report 2025 prepared by the United Nations Conference on Trade and Development (UNCTAD), Turkmenistan attracted $1.6 billion in foreign direct investment in 2024, ranking second in Central Asia in terms of net capital inflows. This was reported by the online resource TerraNews. The document analyses both inflows and outflows of investment, which allows for an objective assessment of the level of interest of foreign investors in the region's economies. Turkmenistan showed steady investment growth and continued interest from foreign partners. Uzbekistan ranked first among Central Asian countries in terms of FDI inflows, with $2.8 billion. It is followed by Turkmenistan ($1.6 billion), Kyrgyzstan ($705 million) and Tajikistan ($291 million).
Plans for the development of the oil and gas sector presented in Turkmenistan
21.06.2025Deputy Chairman of the Cabinet of Ministers of Turkmenistan Batyr Amanov reported on the activities at oil and gas fields managed by the ‘Türkmennebit’ State Concern during a government meeting on 20 June. This was reported by the state news agency TDH. The Deputy Prime Minister announced measures for the further development of the fields, including the supply of electricity to the recently discovered Uzynada field. This will also provide electricity to neighbouring facilities. A corresponding proposal was submitted to the President of Turkmenistan, Serdar Berdimuhamedov, for consideration. After hearing the report, the Head of State approved the initiative and instructed B. Amanov to organise the necessary work, emphasising the importance of conditions for the development of new hydrocarbon reserves.
Modernisation of higher education and science continues in Turkmenistan
21.06.2025On 20 June, during a government meeting, Deputy Chairwoman of the Cabinet of Ministers of Turkmenistan Bayramgul Orazdurdyeva presented a report on measures aimed at further improving the work of the country's higher education institutions based on a scientific and methodological approach. This was reported by the state news agency TDH. The report noted that targeted work is being carried out to ensure that students, by acquiring relevant knowledge and mastering modern sciences, can make a significant contribution to the development of the national economy in the future. Particular attention is being paid to the introduction of advanced technologies, innovative practices and teaching methods. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the importance of developing and modernising the science and education system, as well as training highly qualified personnel. The Head of State instructed the Deputy Prime Minister to continue effective work in this direction.
Turkmenistan presents plan of main events for July
21.06.2025Deputy Chairwoman of the Cabinet of Ministers of Turkmenistan Bahar Seyidova reported on the plan of key events for July during a government meeting on 20 June. This was reported by the state news agency TDH. Conferences, creative meetings, informational campaigns, musical and sporting events are planned for next month in honour of the International Year of Peace and Trust. The final stages of the television contest ‘Ýaňlan, Diýarym!’ will also take place in July. Cultural events are planned to mark the 30th anniversary of the ‘Saglyk’ programme and the 10th anniversary of the Scientific and Clinical Centre for Maternal and Child Health. The Deputy Prime Minister submitted the proposal for consideration to the President of Turkmenistan, Serdar Berdimuhamedov, who noted the importance of social and cultural projects and instructed that the July events be prepared to a high standard.
Turkmen petrochemicals are in high demand at SCRMET
21.06.2025At the State Commodity and Raw Materials Exchange of Turkmenistan on 20 June, Turkish businessmen purchased dry extract of licorice root from Turkmen entrepreneurs. This was reported by the website of the SCRMET. According to the source, representatives of Turkmenistan's business circles purchased co-extruded packaging film from the State Concern ‘Turkmennebit’ on the domestic market. Turkmen entrepreneurs also concluded a deal with the Ministry of Textile Industry to purchase cotton yarn. The total value of the deals concluded during the auction amounted to approximately 451,500 US dollars and more than 14.45 million manat.
The Ashgabat Cinema hosted a screening of the film ‘In August of 1944’
21.06.2025The Ashgabat cinema hosted a screening of the film ‘In August of 1944,’ organised by the Russian and Belarusian embassies in Turkmenistan, according to the news website Turkmenportal. The screening was timed to coincide with the Day of Remembrance and Mourning, observed on 22 June, the anniversary of the start of the Great Patriotic War. Russian Ambassador to Turkmenistan Ivan Volynkin recalled the heroic deeds of Soviet soldiers and stressed the importance of preserving historical truth. Belarusian Ambassador to Turkmenistan Stanislav Chepurnoy called for resistance to the distortion of history and emphasised our responsibility to future generations. The film, directed by Mikhail Ptaschuk and based on the novel by Vladimir Bogomolov, is dedicated to the work of SMERSH fighters in the final months of the war and has become a symbol of their heroism.
Turkmenistan helps transit foreigners leaving Iran
21.06.2025About 50 countries have asked Turkmenistan to help their people leave Iran. This was reported by the press service of the Ministry of Foreign Affairs of Turkmenistan. In response, Turkmen checkpoints have already allowed more than 2,000 foreign citizens from Central Asia, Russia, South Korea, the UAE, Saudi Arabia, Oman, Bahrain, Qatar, Kuwait, Germany, Switzerland, Denmark, the UK, and a number of other countries to pass through. The Turkmenistan authorities are taking the necessary measures to ensure the unimpeded movement of foreign citizens and their return to their home countries, using both land routes and Ashgabat International Airport.
The Head of Turkmenistan congratulated Oleg Kononenko on his birthday
21.06.2025Turkmenistan President Serdar Berdimuhamedov sent a congratulatory message to Hero of Turkmenistan, cosmonaut instructor, Deputy Head of the Cosmonaut Training Centre and commander of the cosmonaut detachment of the federal state budgetary institution ‘Yuri Gagarin Cosmonaut Training Centre’ Oleg Kononenko on his birthday. This was reported by the state news agency TDH. In his message, the Head of State noted this significant occasion and wished Oleg Kononenko good health, longevity, happiness, prosperity, and new achievements in space exploration.
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