Economy
59 trades were concluded on the Turkmenistan Stock Exchange over the course of the week
11.08.2026A total of 59 transactions were concluded over the course of the week at the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by IIC of Turkmenistan. Foreign buyers from Turkey and Serbia purchased cotton yarn and liquorice root extract using foreign currency. The value of the export contracts exceeded 224,000 US dollars. On the domestic market, Turkmen businesses purchased petroleum road bitumen, polypropylene and petroleum coke produced by the State Concern ‘Türkmennebit’, as well as cotton fabric and raw silk. The total value of the transactions in manats amounted to over 428 million 978 thousand.
‘Lebapgazçykaryş’ has exceeded its gas production target
09.08.2026In the first half of the year, the enterprises under the ‘Lebapgazçykaryş’ management unit of the ‘Türkmengaz’ State Concern produced 4,966 million cubic metres of natural gas. Against a target of 4,472 million cubic metres, the figure stood at 111.1 per cent, according to the online news site AsmanNews. At the ‘Demirgazyk-Balguýy’ linear production field, production reached 685 million cubic metres against a target of 622.7 million, whilst at the ‘Naýyp’ field it stood at 193 million against a target of 181.2 million cubic metres. The ‘Kükürtli’ field produced over 4 billion cubic metres of gas against a target of 3 billion 668.1 million cubic metres, achieving 111.5 per cent of the target. Over the six-month period, 16,768 tonnes of gas condensate were also produced against a target of 13,421 tonnes. The target was met at 124.9 per cent. These results are achieved through the work of the production units, the operation of modern equipment and compliance with health and safety requirements. The management’s primary trade union organisation is responsible for creating safe working conditions and protecting employees’ rights, as well as organising cultural, educational and sporting events. In the second half of the year, the ‘Lebapgazçykaryş’ team will continue its work to fulfil the annual production targets.
Turkmenistan is modernising its electricity system
08.08.2026Turkmenistan is continuing to modernise its electricity system by expanding generation capacity, developing electricity exports and introducing renewable energy technologies. This was reported by the online news site AsmanNews. Eight gas turbine power stations of varying capacities have been built and commissioned in the Ahal, Lebap and Mary velayats. They meet the country’s domestic needs and create additional opportunities for electricity exports. Work is continuing on the development of a unified ring-shaped power grid. The ‘Ashgabat–Mary–Lebap–Dashoguz’ transmission line is already operational. The ‘Ashgabat–Balkan’ and ‘Balkan–Dashoguz’ projects have made it possible to link the regions into a single power grid. Turkmenistan is also expanding its international technological cooperation. The Turkish company ‘Çalık Enerji’ has built two power stations in the Ahal velayat and a service centre for the repair of electrical equipment in the Buzmeyin etrap of the capital. The company is also constructing a combined cycle gas-and-steam power station in the Turkmenbashi etrap and a hybrid solar-wind power station in the Balkan velayat. In collaboration with ‘Çalık Enerji’, the American company ‘General Electric’ has implemented a project to commission the country’s first combined cycle gas-and-steam power station, based at the Mary Hydroelectric Power Station. The modernisation of the sector involves compliance with environmental requirements and the provisions of Turkmenistan’s Law ‘On the Protection of Atmospheric Air’. Particular attention is being paid to the development of renewable energy sources and the reduction of carbon emissions.
Turkmenistan’s textile industry is expanding its production and exports
08.08.2026Turkmenistan’s textile industry is consolidating its position as one of the key sectors of the national economy. The development of modern production facilities, the modernisation of enterprises and investment projects are contributing to the expansion of the product range and exports, reports the TDH news agency. At an extended meeting of the Cabinet of Ministers on 10 July, President Serdar Berdimuhamedov highlighted the need to improve the quality of textile products, make more efficient use of production capacity and draw on international experience in the trade of carpets and carpet products. For the period January–June 2026, the growth rate of output by the Ministry of the Textile Industry stood at 106.3 per cent. The modernisation of enterprises and the introduction of state-of-the-art equipment from leading companies in Switzerland, Germany, Italy, Belgium and Japan are playing a key role in the sector’s development. This year, a new workshop for processing camel wool and goat down has been commissioned at the Bayramali Textile Complex named after the Great Saparmyrat Turkmenbashi. Equipment supplied by the Italian company ‘Cormatex SRL’ enables the production of around 130 tonnes of yarn per year. The enterprise uses local raw materials sourced from livestock farms and private households. Technological modernisation has also been carried out at the Dashoguz Cotton Spinning Mill. Enterprises in the sector are expanding their capacity for processing cotton, silk and other types of natural raw materials, whilst also introducing technologies for the recycling of garment waste. Silk production constitutes a separate sector. The Ashgabat Silk Reeling Factory and the Turkmenabat Silk Production Association have been modernised, and new workshops have been opened at these sites to produce carpets, the traditional ‘keteni’ fabric and other silk products. Silk fibre is also used at the Ashgabat Velvet Factory. Production under the ‘Gala’, ‘Ýeňiş’, ‘Goza’, ‘Wada’, ‘Nusaý’, ‘Bedew’, ‘Bürgüt’, ‘Akpamyk’, ‘Merw’, ‘Jeýtun’ and ‘Mäne’ brand names is expanding. Compliance with quality and environmental safety requirements is confirmed by international certificates. The development of the industry also includes the modernisation of the national carpet-making sector. According to figures for January–June 2026, the growth rate of total revenue for enterprises within the ‘Türkmenhaly’ State Association reached 107.4 per cent. Turkmen textile and carpet products continue to gain ground in foreign markets. Domestic manufacturers took part in the ‘Heimtextil’ international home textiles exhibition, where the Babadayhan Textile Complex and the ‘Ajaýyp Bina’ commercial company signed new export contracts. National collections made from ‘keteni’ silk and velvet were also showcased at international forums and fashion shows. The ‘Turkmen Textile Expo 2026’ international exhibition and trade fair, held from 4 to 6 June at the capital’s exhibition centre of the country’s Chamber of Commerce and Industry, became an important platform for promoting the industry. The event was attended by manufacturers and suppliers of textile products, as well as designers from Turkmenistan and abroad. The exhibition showcased the main stages of production — from the processing of natural fibres and yarn manufacturing to the production of woven, knitted and silk garments. The business programme included B2B meetings, presentations and the signing of commercial agreements. The further development of the textile industry is aimed at increasing the production of import-substituting and export goods, expanding the technological base and enhancing the competitiveness of ‘Made in Turkmenistan’ goods on international markets.
Turkmenistan and South Korea are strengthening their trade and logistics ties
08.08.2026‘Hazar Logistik’ held a working meeting with representatives of the South Korean company ‘Hyundai Corporation’, during which the parties discussed cooperation in the field of logistics, the company announced on its social media channels on Thursday. This was reported by the online publication ‘Business Turkmenistan’. The meeting took place at ‘Hazar Logistik’s office in Ashgabat and was attended by Brian J. Park, director of ‘Hyundai Corporation’s Ashgabat office. The parties discussed the development of logistics cooperation, including attracting investment, increasing freight volumes and implementing joint projects. Representatives of ‘Hyundai Corporation’ spoke highly of Turkmenistan’s transit and logistics potential and expressed an interest in long-term, mutually beneficial cooperation. According to the company, the meeting marked an important step towards strengthening trade and economic ties between the two countries.
The Afghan delegation discussed the development of economic cooperation in Ashgabat
07.08.2026An Afghan delegation paid an official working visit to Ashgabat, during which it discussed with the Turkmen side the development of economic cooperation and the expansion of trade and investment ties. This was reported by the online publication ‘Business Turkmenistan’. The delegation comprised representatives of the Board of Directors of the Herat Provincial Chamber of Commerce and Investment, the Afghanistan Chamber of Commerce and Investment, and the country’s business community. Meetings were held in Ashgabat with the leadership of the Turkmenistan Chamber of Commerce and Industry and representatives of the Turkmen business community. The parties discussed ways to increase trade turnover, streamline trade procedures, expand cooperation between the private sectors, and implement new investment projects. During the negotiations, the role of Turkmenistan as one of Afghanistan’s key economic partners was highlighted. The parties also emphasised the importance of geographical proximity, the port of Turgundi, the ‘Herat–Turgundi’ railway and regional projects, including the TAPI gas pipeline, for the development of trade and transit cooperation.
Trade turnover between Turkmenistan and Uzbekistan exceeded $598 million in the first half of the year
07.08.2026Trade turnover between Turkmenistan and Uzbekistan in January–June 2026 amounted to $598.9 million. This was reported by the online publication ‘Business Turkmenistan’. During the reporting period, Uzbekistan imported Turkmen goods worth $503 million, whilst its exports to Turkmenistan totalled $95.9 million. Uzbekistan’s total foreign trade turnover for this period reached $41 billion, an increase of $2.8 billion, or 7.4 per cent, compared with the same period in 2025. In 2025, trade turnover between Turkmenistan and Uzbekistan amounted to $1.2 billion.
‘Kenar’ is boosting Turkmenistan’s export capacity for petroleum products
06.08.2026The Turkmenbashi Oil Refinery Complex of the State Concern ‘Türkmennebit’ is increasing the volume of production and supply of petroleum and petrochemical products in demand on international markets. The leading enterprise for the storage and shipment of petroleum products, ‘Kenar’, is contributing to the development of export potential, reports the online news site AsmanNews. Since the start of the year, more than 1,890,000 tonnes of petroleum products have been dispatched from here to domestic and foreign customers, including over 372,000 tonnes for export. The facility handles the transport of various types of products, including aviation kerosene, motor petrol, diesel fuel and lubricating oils. In recent years, ‘Kenar’s infrastructure has undergone technical modernisation. An automated railway loading and unloading gantry for light petroleum products, with a capacity of 3.85 million tonnes per year, has been commissioned. All operations, including loading, weighing and document processing, are carried out digitally. The vapour recovery system prevents the loss of over 300 tonnes of petrol annually and reduces the environmental impact. In collaboration with the British company Petro Gas LLP, a new marine berth No. 3 has been constructed, equipped with advanced equipment manufactured in the USA, Germany and the Netherlands. Its capacity enables the transhipment of significant volumes of raw materials and finished products. Additional process safety is ensured by autonomous pumping and transformer stations, whilst the installation of ‘TS-1’ filters on the aviation kerosene pipeline enhances operational reliability.
Turkmen entrepreneurs have been invited to the TTR II 2026 exhibition in Romania
06.08.2026Turkmen entrepreneurs will be able to take part in the autumn session of the TTR II 2026 tourism exhibition, which will take place from 19 to 22 November 2026 at the Romexpo Exhibition Centre in Bucharest (Romania). This was reported by the online publication ‘Business Turkmenistan’. TTR II 2026 will bring together representatives of the tourism industry, including national tourism organisations, agencies, tour operators, hotel chains, airlines and transport companies. The exhibition will showcase tourist destinations, hotel and transport services, digital solutions and industry innovations. B2B meetings, negotiations and events aimed at establishing new business contacts are also planned. The exhibition has been held twice a year – in spring and autumn – since 1999 and is one of Romania’s largest tourism business platforms, bringing together participants from both the national and international markets.
Freight and passenger transport in Turkmenistan showed growth over the first seven months
04.08.2026A meeting was held at the administrative building of the Ministry of Rail Transport of Turkmenistan to review the performance of the transport and communications sector over the first seven months of this year. This was reported by the press office of the ministry. The growth rate in the volume of work carried out and services provided stood at 114 per cent. Freight transport by road, rail, air, sea and river increased by 103.6 per cent compared with the same period last year, whilst passenger transport rose by 102.4 per cent. The Ministry of Rail Transport met its target for services provided by 107 per cent, the Ministry of Road Transport by 118.8 per cent, the State Service ‘Türkmenhowaýollary’ by 118.5 per cent, the State Service for Maritime and River Transport by 102.1 per cent, and the Ministry of Communications by 115.5 per cent.
The Turkmenistan Stock Exchange recorded 14 transactions over the course of the week
04.08.2026Fourteen transactions were recorded at the State Commodity and Raw Materials Exchange of Turkmenistan over the past week. This was reported by the news agency TDH. Foreign companies from the UAE, Turkey, Azerbaijan and Kyrgyzstan purchased terry towelling, cotton fabrics and yarn, cotton fibre and raw silk. The total value of the transactions in foreign currency exceeded 4 million 755 thousand US dollars. On the domestic market, local businesses purchased polypropylene produced by the State Concern ‘Türkmennebit’, Portland cement, liquorice root extract, cotton yarn, cotton lint and purified cotton spinning waste. The value of these transactions amounted to over 511,698,000 manats.
Turkmenistan’s oil industry is ramping up production
04.08.2026Workers in Turkmenistan’s oil and gas sector are increasing production volumes in line with the targets set by the President of Turkmenistan at an extended meeting of the Cabinet of Ministers to prepare for the 35th anniversary of independence. This was reported by AsmanNews, citing the newspaper ‘Neutral Turkmenistan’. The ‘Goturdepe’ Drilling Department of the ‘Nebitgazburawlaýyş’ trust, part of the ‘Türkmennebit’ State Concern, commissioned five new productive wells at the ‘Goturdepe’ field during the first half of the year. Modernisation work is continuing at the field. Modern equipment, new technologies and developments from the ‘Nebitgazylmytaslama’ Institute are being introduced into production. Gas injection remains one of the main methods for increasing production. Due to the ‘Goturdepe’ gas compressor station, this method is being applied to more than 500 wells. The ‘Goturdepenebit’ Oil and Gas Production Department and the ‘Nebitgazdüýpliabatlaýyş’ mobile operations teams monitor well production rates and carry out timely repairs. The rational use of mineral resources and the extension of well life help to maintain production levels, as well as to strengthen Turkmenistan’s export potential and energy independence.
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