Economy
The Turkmenbashi Oil Refinery Complex exceeded its target for 2025
01.01.2026The Turkmenbashi Oil Refinery Complex ended the 2025 reporting period with 106.7% of its oil refining plan fulfilled, according to the news website Asmannews. During the year, the enterprise, which is part of the ‘Türkmennebit’ State Concern, processed over 4.5 million tonnes of oil. The complex is one of the largest industrial facilities in the country. The plant's employees ensured consistent production of a wide range of petroleum products, including petrol, kerosene, diesel fuel, fuel oil, lubricating oils, petroleum bitumen, polypropylene and liquefied gas. The products are supplied both to the domestic market and abroad.
Around 100 Turkish companies will be represented at the exhibition in Turkmenistan
31.12.2025On 30 January, during a government meeting, Deputy Chairman of the Cabinet of Ministers of Turkmenistan Nokerguly Atagulyev reported on preparations for the exhibition of export products of the Republic of Turkey, which will be held in Ashgabat in February this year. This was reported by the state news agency TDH. About 100 Turkish companies representing various industries have registered to participate in the exhibition. Among them are manufacturers and exporters of equipment, heating and air conditioning systems, chemical products, iron goods, electronics, as well as companies from the construction, energy, logistics and education sectors. The Deputy Prime Minister submitted the relevant proposal for consideration by the President of Turkmenistan, Serdar Berdimuhamedov. After hearing the report, the Head of State emphasised the importance of developing trade and economic ties with foreign countries and instructed that the exhibition be properly prepared.
Turkish pharmaceutical company signs export contract with Turkmenistan
27.12.2025Turkish pharmaceutical company ‘Türk İlaç ve Serum Sanayi A.Ş.’ (TRILC) has signed an export contract worth $4.994 million with the Ministry of Health and Medical Industry of Turkmenistan, according to a report published on 26 December on the KAP platform, as reported by the online publication ‘Business Turkmenistan’. The Agreement provides for the supply of medicines and serums, with deliveries and payments to be completed by February 2026. The order has already been officially received, and production and logistics will be carried out according to schedule. TRILC, based in Ankara, manufactures a wide range of medicines and is also involved in the import, marketing and representation of pharmaceutical, veterinary and cosmetic products.
Turkmenistan and Uzbekistan strengthen cooperation in the pharmaceutical sector
27.12.2025The pharmaceutical industry of Turkmenistan is strengthening regional cooperation: an agreement has been signed in Tashkent combining the scientific potential of Uzbek universities and investments from Turkmen businesses. This was reported by the news agency Orient. The document provides for the joint production of medicines, technology transfer and the training of Turkmen personnel at relevant educational institutions in Uzbekistan. The key partner is the Pharmaceutical Technical University within the framework of ‘Tashkent Pharma Park,’ a modern international-level educational, scientific and production cluster. The ‘Altyn Kanun Maslahat’ division will be responsible for project support, providing consulting and support to businesses and students. The partnership will allow Turkmenistan, which is developing a medical cluster in Arkadag, to integrate more quickly into the regional drug safety system and build on existing development models.
Turkmenistan's fuel and energy complex: key achievements in 2025
26.12.2025In 2025, Turkmenistan continued to actively implement its energy strategy aimed at modernising the fuel and energy complex and developing innovative technologies. This was reported by the news website Asmannews. The State Concerns ‘Türkmennebit’, ‘Türkmengaz’ and ‘Türkmengeologiýa’ Corporation focused on exploring and developing new fields, increasing hydrocarbon production and processing, ensuring reliable energy transportation and expanding international cooperation. An important event was the continuation of the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, including the launch of the ‘Arkadagyň ak ýoly’ stage on the ‘Serhetabat-Herat’ section. This project will not only ensure gas supplies to Asian countries, but also create jobs in Afghanistan and bring the country annual revenues of over $1 billion. Turkmenistan is actively developing energy exports and is engaged in the industrial development of the Caspian Sea shelf and the world's largest onshore gas field, ‘Galkynysh’. A new well has been put into operation at the ‘Uzynada’ field, and geological exploration and infrastructure construction are continuing, including the third oil loading berth at the ‘Kenar’ enterprise. The country is demonstrating its commitment to international climate obligations by reducing emissions at the Darwaza gas crater. Turkmenistan is also actively participating in international forums and exhibitions, such as ‘TEIF 2025’, ‘ADIPEC-2025’ and ‘Oil and Gas of Turkmenistan – 2025’, attracting investment and strengthening international cooperation. An office of ‘ADNOC’ has opened in Ashgabat, which is developing blocks in the Caspian Sea in partnership with ‘Petronas’ and national companies. Overall, the country's fuel and energy complex showed consistent development in 2025 and made a significant contribution to the implementation of the National Socio-Economic Development Programme for 2022-2052.
Turkmenistan and Iran agree to expand transit through Serakhs
25.12.2025The border authorities of Turkmenistan and Iran have reached an agreement to increase transit traffic through the Serakhs checkpoint. This was reported by the news website Asmannews. The negotiations were held in Serakhs itself. During the meeting, the parties also confirmed their intention to continue cooperation in order to ensure security on the common border. Following the negotiations, a border protocol was signed, providing for the expansion of transit flows, as well as the coordination of customs service operating modes and schedules. The Serakhs railway and road checkpoint is located in north-eastern Iran, 185 kilometres from Mashhad, on the border with Turkmenistan.
Turkmenistan expands transport services by modernising locomotives
24.12.2025The Ministry of Rail Transport of Turkmenistan has signed a contract with the Chinese company ‘CRRC Ziyang Co., Ltd.’ through the joint-stock company ‘Demirýollary’ for the overhaul of locomotives with the aim of increasing passenger and freight traffic, according to the online news resource TerraNews. Under the agreement, 20 freight locomotives (40 units) are to be overhauled. Eleven locomotives have already been put into operation, which has made it possible to increase train speeds, reduce downtime at stations and increase the length and weight of trains. The modernised locomotives are equipped with modern systems that meet safety requirements and ensure efficient freight transport.
Turkmenistan increases container transport along the North-South corridor
24.12.2025The Ministry of Rail Transport of Turkmenistan is increasing freight traffic on the North-South international corridor and expanding transit and international routes. This was reported by TerraNews. Work is underway to improve the quality of rail services and create competitive tariff conditions for carriers. Container transport is actively used on the North-South, Lapis Lazuli and East-West corridors. In January–November 2025, 19,000 container shipments were completed, including 9,250 transits, 5,650 export and 4,100 import shipments. This is 9,405 containers more than in the same period in 2024. Following the negotiations on international multimodal routes Russia–Kazakhstan–Turkmenistan–Iran, Turkmenistan–Azerbaijan–Georgia–Turkey–Europe, as well as routes through Uzbekistan, 63 container trains were transported during the reporting period.
Turkish manufacturers will present their products at an exhibition in Ashgabat
24.12.2025An exhibition of export goods from the Republic of Turkey will be held in Ashgabat from 10 to 12 February 2026. This was reported by the online publication ‘Business Turkmenistan’. The exhibition will feature construction technologies and equipment, doors and windows, heating and air conditioning systems, heat and sound insulation materials, roofing, facade coatings, electrical and lighting equipment, tools, plumbing and ceramics. In addition, the exhibition will cover agricultural and packaging products, cosmetics and chemical goods, milling equipment, food products and equipment for the food industry, furniture, home textiles, accessories and equipment for hotels, according to the Turkish Foreign Economic Relations Board. The previous exhibition of this kind was held in Ashgabat from 4 to 6 December 2024.
Trade turnover between Turkmenistan and Uzbekistan exceeded $1 billion in 11 months
23.12.2025In January–November 2025, trade turnover between Turkmenistan and Uzbekistan reached US$1.064 billion. This is US$33 million more than in the same period last year, according to AsmanNews. Over 11 months, Turkmenistan supplied goods worth $926.2 million to the Uzbek market. The country ranked 8th in terms of the volume of imports to Uzbekistan. Imports of goods and services from Uzbekistan to Turkmenistan amounted to $138.2 million. This figure increased by $27.8 million year-on-year. Earlier it was reported that in January-October, trade turnover between the two countries amounted to $876.8 million. In November, the volume of mutual trade increased by $187.6 million.
Turkmenistan joins ADB regional platform for ‘green’ investments
17.12.2025Turkmenistan has joined the Asian Development Bank's regional initiative to establish a Natural Materials Market Development Platform aimed at attracting private investment in nature-based solutions to reduce carbon emissions. This was reported by the online publication Business Turkmenistan. The project will be implemented with the support of a $1.5 million grant from the Special Technical Assistance Fund. More than 40 countries are participating in the initiative, including states in Central Asia and the South Caucasus. The platform provides for the assessment of ecosystems, the launch of pilot projects and the formation of a partnership model for the development of the natural materials market and the expansion of ‘green’ investments.
Turkmen vegetables will be delivered to Kazakhstan via ‘green corridors’
17.12.2025At a meeting of the Kazakh government, instructions were given to open ‘green corridors’ at the border as soon as possible to speed up deliveries of vegetables from Turkmenistan. This was reported by the Orient news agency. The measure is intended to curb price increases in winter, primarily for cucumbers and tomatoes, through simplified customs and border procedures. The decision was the result of negotiations between Astana and Ashgabat, which began in November 2025, when the parties discussed the potential for agro-industrial cooperation and plans to increase trade turnover to $1 billion. Turkmen tomatoes are already among the key export items to Kazakhstan. For producers in Turkmenistan, this means a consistent market, lower logistics costs and an incentive to expand greenhouse production, while for Kazakhstan it means more affordable vegetable prices in winter.
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