Economy
Turkmenabat Chemical Plant is building a fertiliser production complex
14.03.2026Construction of a mineral fertiliser production complex is continuing at the Turkmenabat Chemical Plant named after S.A. Niyazov. The foundation stone was laid last year, reports TDH. The new complex is designed to produce 350,000 tonnes of superphosphate and 100,000 tonnes of ammonium sulphate per year. The project aims to expand the country’s chemical industry’s production capacity. The ‘Industry 4.0’ concept is being implemented at the plant. It involves the digitalisation of production processes and the use of artificial intelligence technologies to monitor chemical operations and ensure the accuracy of product composition. It is reported that industrial internet technologies and big data analytics will be applied in production. This will enable real-time monitoring of phosphate fertiliser output, optimisation of raw material and electricity consumption, and a reduction in the risk of production disruptions. The project also provides for the creation of new jobs for graduates of technical higher education institutions. Particular attention is being paid to environmental safety. The technology involves a closed-loop system for production gases, which will reduce emissions into the environment. The modernisation of the Turkmenabat Chemical Plant named after S.A. Niyazov is seen as part of the development of the chemical industry and the introduction of resource-saving technologies.
The ‘Lebap’ Cement Plant is ramping up production for national construction projects
14.03.2026The Koytendag region, with its rich resource base, remains a strategic industrial hub for Turkmenistan. As part of socio-economic development programmes, the ‘Lebap’ cement plant was constructed in two phases, according to the IIC of Turkmenistan. The first phase began operations in 2013, and the second eleven years later, which helped to strengthen the import substitution policy and supply the country’s major construction projects with domestically produced cement. Today, the plant supplies materials for the construction of residential complexes, schools, hospitals and industrial facilities across the country. The plant produces Portland cement and its sulphate-resistant variants. Last year, the plant produced over 1.53 million tonnes of product, and in the first two months of this year – 218,000 tonnes. Once it reaches full capacity, the volume of supply will reach up to 2 million tonnes per year. Raw materials are extracted from five quarries located between 3 and 70 km away, which reduces transport costs and the cost of production. Delivery is carried out by road and rail, and strict monitoring of contract fulfilment ensures competitiveness in both domestic and international markets. More than 800 qualified specialists are responsible for the plant’s success. The administration and trade union of the Koytendag etrap actively motivate the workforce by recognising the best employees. Modern technology and the dedication of the staff enable the ‘Lebap’ plant to maintain its leading position and make a significant contribution to the country’s economy.
Turkmenistan took part in an UPU seminar on new payment systems
14.03.2026M. Atayev, Head of the International Relations Department at the postal service company ‘Türkmenpoçta’ under the Ministry of Communications of Turkmenistan, took part in a seminar on payment for member countries of the Universal Postal Union (UPU), which was held from 10 to 11 March in Tbilisi and organised by the UPU International Bureau. This was reported by IIC of Turkmenistan. E. Kubusidze, Head of the Department of Communications, Information and Modern Technologies at the Ministry of Economy and Sustainable Development of Georgia, K. Aleksidze, representative of the UPU Regional Office in Tbilisi, and other officials addressed the gathering with welcoming remarks. The training was aimed at enhancing the technical competence of postal operators in Europe and the CIS regarding UPU payment systems for letters, small packets and parcels. During the two-day event, participants studied the new payment systems developed following the 28th UPU Congress, including their practical application within the Integrated Payment System (IPS). The seminar was an important initiative for strengthening postal security in the region.
The Kazakh Ambassador discussed the development of cooperation with the Head of the ‘Türkmenhimiýa’ State Concern
14.03.2026Nurlan Nogayev, Kazakhstan’s Ambassador to Turkmenistan, met with Resul Myradov, Chairman of the State Concern ‘Türkmenhimiýa’. This was reported by the news website Turkmenportal. During the negotiations, the participants discussed the development of bilateral cooperation, the exchange of expertise and opportunities to increase mutual trade. Particular attention was paid to the prospects for expanding cooperation in the chemical industry and the search for new areas of partnership, the diplomatic mission noted.
Future specialists from Balkanabat study the operation of oil wells
12.03.2026Students and teachers from the Balkanabat branch of the Yagshygeldi Kakayev International University of Oil and Gas held a practical training session at the Goturdepe field in the Balkan velayat, between the Cheleken and Barsagelmez areas. The aim was to consolidate theoretical knowledge in real production conditions, according to IIC. Practical training helps students develop professional skills and adapt more quickly to the work environment. The efficient operation of fields in the Western region, including the drilling of new wells and the modernisation of infrastructure, meets the country's domestic needs and increases its export potential in the global energy market. The rational use of natural resources remains a key factor in Turkmenistan's sustainable economic growth.
Turkmenistan increases petrol production
12.03.2026Gasoline production volumes are increasing in Turkmenistan. According to the results of January–February 2026, the plan has been fulfilled by 122.7%, reports AsmanNews. The growth in production is ensured by the work of oil refineries and a plant for the production of gasoline from natural gas in the Ahal velayat. Their efficiency is linked to the over-fulfilment of oil and gas production plans. In the first two months, the oil production plan for the State Concern ‘Türkmennebit’ was fulfilled by 107.3%, and oil refining by 107.1%. Diesel fuel production amounted to 106.4%, lubricating oils – 102.7%, liquefied gas – 119.7%, and natural and associated gas production – 106.7%. The report was presented by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Guvanch Agajanov at a government meeting, where the results of increased oil and gas production and the expansion of exports to world markets were also discussed.
Turkmenistan discusses prospects for artificial intelligence and the digital economy
12.03.2026The Yagshygeldi Kakayev International University of Oil and Gas held an open lecture entitled ‘The Digital Future: Artificial Intelligence, Virtual Assets and Start-up Opportunities’, aimed at increasing young people's interest in digital technologies and informing them about current trends in the development of the IT sector. This was reported by the press service of the Ministry of Education of Turkmenistan. The lecture was given by the coordinator of the Centre for Young Entrepreneurs, director of the economic society ‘Döwletli nesibe’ Haknazar Haljanov. He spoke about the development of digital technologies in the world, the possibilities of applying artificial intelligence in various fields, and emphasised the importance of digital literacy for today's youth. Participants were also presented with information about the role of virtual assets in the economy, the prospects for the IT industry, and the possibilities for creating start-up projects. Particular attention was paid to supporting youth entrepreneurial initiatives and the conditions for implementing innovative ideas. The meeting ended with a lively discussion: students asked questions and received recommendations. It was noted that such events contribute to the expansion of knowledge and the development of innovative thinking. The event was organised by the Ministry of Education of Turkmenistan, the Yagshygeldi Kakayev International Oil and Gas University, the Young Entrepreneurs Centre at the Ashgabat City Committee of the Union of Industrialists and Entrepreneurs of Turkmenistan, and the Center for Information, Consulting, and Volunteer Activities of the Youth Organization of Turkmenistan.
‘Asia Trend Market’ launches international B2B platform in Turkmenistan
10.03.2026‘Asia Trend Market’ has announced the launch of an international B2B platform in Turkmenistan, which brings together manufacturers and service providers from different countries with foreign buyers. This was reported by the online publication ‘Business Turkmenistan’. The initiative aims to simplify the search for products in the digital economy and increase business competitiveness. A key element of the platform is the personal pages of companies, which function as full-fledged websites and are managed through a convenient administrative panel. This format allows entrepreneurs to reduce the costs of creating and maintaining their own Internet resources by using the service's ready-made infrastructure. In addition, the project provides for the promotion of registered companies on social networks and the expansion of their presence in international markets. The developers note that the platform is focused on opening up new trading opportunities in the Asian region and provides businesses of all sizes with the tools to enter the global market.
Major projects are planned for Turkmenistan's oil and gas sector this year
10.03.2026The ‘Socio-Economic Development and Investment Programme of Turkmenistan for 2026’ defines priority projects, including in the oil and gas industry. This was reported by the online newspaper ‘Nebit-Gaz’. In particular, attention will be focused on the construction of the ‘Serhetabat-Herat’ pipeline section as part of the ‘Turkmenistan-Afghanistan-Pakistan-India’ (TAPI) gas pipeline, the drilling of production wells at the ‘Galkynysh’ field, as well as the exploration and drilling of deep wells to identify new oil and gas reserves. The programme builds on the achievements of previous development plans and the state budget. Stable growth in macroeconomic indicators is expected, including GDP growth of at least 6.3% in 2026. The implementation of the planned projects should contribute to investment activity, the digitalisation of industries, job creation and an improvement in the standard of living of the population.
Entrepreneurs from seven countries purchased Turkmen products at the exchange
10.03.2026Last week, 24 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan. The total value of contracts concluded by Turkmen entrepreneurs for the domestic market amounted to 253 million 664 thousand 200 manats. This was reported by ‘Business Turkmenistan’. According to the source, local businessmen purchased petroleum products, wheat flour, polypropylene and various types of textile products. At the same time, export transactions were concluded on the exchange. Entrepreneurs from Afghanistan, the Kyrgyz Republic, Uzbekistan, the United Arab Emirates, India, Serbia and Turkey purchased liquefied gas produced by the State Concern ‘Türkmenhimiýa’, petroleum products from the State Concern ‘Türkmennebit’, and polypropylene. In addition, foreign buyers purchased grade B urea produced by ‘Türkmenhimiýa’, Portland cement from the Ministry of Industry and Construction of Turkmenistan, and textile products from Turkmen entrepreneurs. Concentrated liquorice root extract and wheat were also sold for export. The total amount of foreign exchange transactions amounted to 14 million 611 thousand 710 US dollars.
Turkmenistan reports growth in trade and industry
09.03.2026On 6 March, Deputy Chairman of the Cabinet of Ministers of Turkmenistan Nokerguly Atagulyev presented a report on the results of the work of the ministries, departments and business sector under his supervision for January–February of this year. This was reported by the state news agency TDH. The turnover of the Ministry of Trade and Foreign Economic Relations increased by 106.7% compared to the same period last year, and production increased by 100.5%. In the textile industry, production increased to 100.7%, with cotton yarn production at 100%, fabrics at 100.1% and leather goods at 103.7%. The production plan of the ‘Türkmenhaly’ State Association was fulfilled by 104.5%. During the reporting period, the State Commodity and Raw Materials Exchange held 50 trading sessions, during which 4,876 contracts were registered. The growth rate of the Chamber of Commerce and Industry's activities over two months was 128.1%; during this period, one exhibition and five conferences were organised. According to the Union of Industrialists and Entrepreneurs, the growth in agricultural and food production reached 107.5%, and industrial production – 106.3%. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the need to fully utilise the capacity of commercial enterprises, monitor the supply of goods to markets, improve the quality of textile products, and develop the private sector.
In Turkmenistan, the plan for industry and construction has been exceeded in two months
08.03.2026On 6 March, during a government meeting, Deputy Chairman of the Cabinet of Ministers of Turkmenistan Baymyrat Annamammedov presented a report on the work of subordinate departments for January–February 2026. The fulfilment of the production and work plan amounted to 129.7%, according to the state news agency TDH. The figures for the various departments were as follows: Ministry of Construction and Architecture – 105.6%, Ministry of Industry and Construction – 122.3%, Ministry of Energy – 109.4%. For other organisations: Ministry of Road Transport – 108.6%, State Concern ‘Türkmenhimiýa’ — 158%, Ashgabat city administration — 119.4%. After hearing the report, President of Turkmenistan Serdar Berdimuhamedov emphasised the need for effective development of industrial sectors, strict compliance with construction standards and full utilisation of chemical enterprises.
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