Economy
Turkmenistan Stock Exchange launches ‘“My Account” for customers
06.10.2025As part of the implementation of the ‘Concept for the Development of the Digital Economy in Turkmenistan for 2019-2025’ and the ‘State Programme for the Development of the Digital Economy in Turkmenistan for 2021–2025’ the State Commodity and Raw Materials Exchange of Turkmenistan has introduced a new digital customer system called ‘My Account’, according to the press service of the SCRMET of Turkmenistan. The system is aimed at increasing the transparency, accessibility and efficiency of the services provided. The system allows users to register, manage their accounts, update contact details, configure notification channels and security settings, and quickly track the status of contracts, settlements and financial transactions. In connection with the launch of the ‘My Account’ system, the exchange plans to hold a training seminar at which specialists will explain in detail how to use the system and answer participants’ questions.
CIET 2025: Turkmenistan opens new horizons in construction and energy
06.10.2025On 3–4 November, the ‘Avaza’ National Tourist Zone on the Caspian Sea coast will host the International Conference on the ‘Development of the Construction, Industrial, Chemical and Energy Sectors of Turkmenistan’ (CIET 2025). This was reported by IIC. The event will bring together more than 500 participants from 40 countries, including ministers, heads of international companies, representatives of financial institutions and start-ups. The conference programme and accompanying exhibition will transform the ‘Avaza’ National Tourist Zone into a centre for international dialogue on the introduction of advanced technologies, sustainable development and global cooperation. CIET 2025 will discuss the role of infrastructure, energy and industry in the country's sustainable growth, modernisation of industries, digitalisation and human resource development. Particular attention will be paid to the integration of renewable energy, environmentally friendly materials and climate-resilient infrastructure, as well as financing and attracting investment for sustainable development. The exhibition, held in parallel with the conference, will showcase the latest achievements in construction, energy and the chemical industry, including modern materials, digital solutions and technological innovations. CIET 2025 will serve as a platform for establishing partnerships, exchanging experiences and demonstrating Turkmenistan's potential on the international stage. The country offers vast opportunities for investment in construction, energy and urban development, including the Arkadag ‘smart’ city project, infrastructure modernisation and the expansion of the gas chemical industry. Registration for the conference is now open, and representatives of business, government agencies and international organisations are invited to participate in Turkmenistan's leading event in the field of industry and energy.
Turkmenistan's transport sector shows impressive growth in 9 months
06.10.2025Deputy Chairman of the Cabinet of Ministers of Turkmenistan Mammethan Chakyev presented the results of the work of subordinate structures for the first nine months of 2025. The growth rate of services provided by the transport and communications complex was 114%, according to the state news agency TDH. The freight transport plan was fulfilled by 101.3%, and the passenger transport plan by 104.9%. The growth rates in individual departments reached: Ministry of Rail Transport – 105.1%, Ministry of Road Transport – 113.6%, ‘Türkmenhowaýollary’ – 114.9%, Sea and River Transport – 107.8%, Ministry of Communications – 120.1%. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the need for further development of the complex and instructed the Deputy Prime Minister to take measures to increase transport volumes and ensure favourable conditions for international transit.
Turkmenistan's construction and industrial complex demonstrates strong results
06.10.2025On 3 October, during a government meeting, Deputy Chairman of the Cabinet of Ministers of Turkmenistan Baymyrat Annamammedov presented a report on the work of the construction and industrial complex for January–September of this year. This was reported by the state news agency TDH. During the period under review, the plan for production and work performed was fulfilled by 105%. Thus, the Ministry of Construction and Architecture achieved results of 114.3%, the Ministry of Industry and Construction Production – 108.5%, the Ministry of Energy – 109.5%, and the State Concern ‘Türkmenhimiýa’ – 101.1%. The State Agency for Road Construction fulfilled the plan by 103.3%, and the work carried out by the Ashgabat City Administration amounted to 99 million manats. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the importance of increasing production volumes, commissioning new enterprises and making effective use of capacity. The Head of State instructed the Deputy Prime Minister to strictly monitor the timely completion of construction and commissioning of facilities planned for the current year.
Turkmenistan exceeds oil and gas production targets
04.10.2025In the first nine months of 2025, Turkmenistan's oil and gas sector exceeded its targets in key areas. This was reported by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Batyr Amanov on 3 October at a government meeting, according to the news website Asmannews. The State Concern ‘Türkmennebit’ fulfilled its oil production plan by 109.7%, while oil refining at plants reached 109.4% of the planned volume. The production of basic petroleum products also exceeded the planned targets: gasoline production amounted to 108.8%, diesel fuel production to 101%. Natural and associated gas production reached 103.1% of the planned volume. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov instructed to continue the introduction of modern technologies that contribute to the discovery of new deposits and to increase the efficiency of hydrocarbon processing.
EU and ITC support trade modernization in Turkmenistan
04.10.2025From 30 September to 2 October, Ashgabat hosted events organised by the International Trade Centre (ITC) project ‘Turkmenistan: Trade Sustainability and Integration’, supported by the European Union. This was reported by the online news resource AsmanNews. On 30 September, an expert meeting on the national roadmap for trade facilitation was held, followed by a two-day training session for employees of the State Customs Service. The meeting presented strategic objectives and measures to bring national foreign trade regulations into line with the WTO's Trade Facilitation Agreement (TFA). Participants discussed the document, noting its importance for Turkmenistan's possible accession to the WTO, and familiarised themselves with the CART.IS tool for analysing inter-agency data exchange in digital format. The training included studying the provisions of the TFA, the classification of trade facilitation measures, digitalisation and inter-agency interaction. Practical tasks allowed participants to simulate real situations and work out steps to improve the efficiency of customs administration.
OGT 2025 Forum in Ashgabat attracts global energy companies
04.10.2025From 22 to 24 October, Ashgabat will host the International Conference and Exhibition ‘Oil and Gas of Turkmenistan’ (OGT 2025) and celebrate the 30th anniversary of the forum. This was reported by the news website Asmannews. The event is organised by the State Concerns ‘Türkmengaz’ and ‘Türkmennebit’, the State Corporation ‘Türkmengeologiýa” and ‘Turkmen Energy Forum’. More than 1,000 delegates from 60 countries and over 300 companies are expected to attend, reflecting Turkmenistan's growing role in the global energy sector. A special feature of OGT 2025 is its focus on innovation and strategic dialogue. The programme includes four round tables: two, jointly with SPE, will be devoted to new technologies, digitalisation and innovation in production and exploration, while the other two, supported by ‘S&P Global Commodity Insights’, will discuss global trends, investments and regional cooperation. The forum will also serve as a platform for discussing sustainable energy development and investment prospects in Central Asia. With an increase in the number of participants and companies (45% more than last year), Turkmenistan confirms its status as a strategic partner for international investors. OGT 2025 will bring together business, academia and politics, providing a platform for discussing key issues for the future of global energy.
Turkmenistan enters the international pharmaceutical arena in Pakistan
03.10.2025Turkmenistan has been invited to participate in the Pharma API Asia 2025 and Health API Asia 2025 international exhibitions, which will be held on 23–25 October in Karachi (Pakistan). This was reported by the Orient news agency. The exhibitions will bring together leading pharmaceutical and medical companies, showcasing equipment, packaging, ingredients, laboratory solutions, IT products and finished medicines. The organiser is E-commerce Gateway Pakistan Pvt. Ltd. The exhibitions are expected to attract the largest Pakistani and foreign manufacturers. Pharma API Asia aims to develop the pharmaceutical industry and investment, while Health API Asia is Pakistan's largest medical exhibition, held since 2004 with the support of the country's Ministry of Health and UFI. Turkmenistan's participation will help expand exports and strengthen international ties in the field of medicine and pharmaceuticals.
Golestan plans to showcase its products at an exhibition in Turkmenistan
02.10.2025Following the successful exhibition of Turkmen goods in Golestan, Iran, the provincial authorities are planning to organise a reciprocal event in Turkmenistan. This was reported by the online publication Business Turkmenistan. The exhibition, which may take place in Ashgabat or Balkan velayat in the coming months, should strengthen bilateral economic and cultural cooperation, expand trade ties and increase trade volume by up to 30%. The development of border infrastructure and a joint chamber of commerce between Turkmenistan and Iran creates a solid foundation for sustainable economic partnership and regional integration. It should be noted that a large exhibition of Turkmen goods was held in Gorgan from 5 to 7 May 2025.
Turkmenistan made a technological breakthrough at the Goturdepe field
02.10.2025At one of Turkmenistan's largest fields, Goturdepe, the modernisation of oil production has been completed. As part of the project, new gas lift equipment has been installed, which has increased the flow rate of more than 400 wells and stabilised production, according to the news website Asmannews. The modernisation began with the launch of a gas compressor station with a capacity of 12 million cubic metres of gas per day, which ensured an effective transition to the gas lift method. The project was implemented jointly by engineers from ‘Nebitgazçykaryş’ and scientists from the ‘Nebitgazylmytaslama’ Institute, which made it possible to quickly implement scientific developments in production. The successful modernisation strengthens the resource base of Goturdepe, stimulates the development of the oil and gas industry and demonstrates Turkmenistan's commitment to innovation and improving energy security.
Liquefied gas from Turkmenistan is in high demand: deals worth $10 million
01.10.2025On 29 September, during trading on the foreign market, entrepreneurs from Afghanistan, the UAE, Uzbekistan, the USA, Turkey and the UK concluded deals for the supply of liquefied gas from the State Concern ‘Türkmennebit’. This was reported by the press service of the SCRMET. In addition, representatives of the UAE signed contracts with Turkmen entrepreneurs for the purchase of a 5% alcohol solution of iodine and a drink made from licorice root. A total of 14 deals were concluded for a total amount of $10.697 million.
Deals with foreign entrepreneurs are soaring on the Turkmenistan stock exchange
29.09.2025Last week, 18 deals were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by the online news resource TerraNews. Businessmen from the United Kingdom and Afghanistan purchased liquefied gas from the State Concerns ‘Türkmengaz’ and ‘Türkmennebit’ for foreign currency. Representatives of companies from the UAE, Azerbaijan and Turkey purchased raw fabric, cotton fibre and purified cotton waste. The total value of export transactions exceeded $30.4 million. On the domestic market, Turkmen entrepreneurs purchased base oil produced by ‘Türkmennebit’ for more than 604,000 manats.
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