Economy
‘Türkmengaz’ employees consistently supply consumers with natural gas
27.05.2025Employees of the ‘Lebapgazçykaryş’ department of the State Concern ‘Türkmengaz’ continue to demonstrate high production indicators as part of efforts to increase natural gas production and reliable supply of consumers. This is reported by the news website Asmannews. According to the department, more than 3 billion 207.5 million cubic metres of natural gas were produced from January to April, which is 101.4% of the planned volume. At the same time, more than 11.6 thousand tonnes of gas condensate were produced during the mentioned period, which is 109.6% of the plan. This valuable product was sent for processing to the Seydi Refinery. A significant part of the produced gas is exported to China. For this purpose, fuel is supplied to the Malay-Bagtyyarlyk high-pressure gas trunkline. In the first four months of the year, almost 1.8 billion cubic metres of marketable gas was transported through this route, which corresponds to 168% of the plan. This allowed not only to strengthen the country's export positions, but also to ensure consistent supply to the domestic market.
Turkmenbashi Oil Refinery Complex shows significant growth
27.05.2025Turkmenbashi complex of oil refineries, which is part of the State Concern ‘Türkmennebit’, has demonstrated high production results. This is reported by the Internet resource Asmannews. According to the source, the enterprise, equipped with advanced technologies, produces products of international level, providing both domestic market and export supplies. Specialists of the complex successfully refine oil and produce a wide range of products - from petrol, paraffin and diesel fuel to fuel oil, oils, polypropylene and liquefied gas. Continuous modernisation of production allows to increase refining volumes. During the reporting period, the Company refined about 1 million 497 thousand tonnes of crude oil - 104% of the planned volume. A number of items significantly exceeded the plan: bitumen - 181%, oils - 110%, liquefied gas - 120%, diesel fuel - 106% and others. Over 590 tonnes of raw materials were additionally processed over the plan. All products are labelled ‘Made in Turkmenistan’ and meet international quality requirements.
‘Synmaz Nesil’ presented new technological solutions at the exhibition in Ashgabat
27.05.2025Private company ‘Synmaz Nesil’, known for its products for the construction sector, presented new technological solutions at the XXIV International Exhibition ‘White City Ashgabat’, highlighting its contribution to the modernisation of the capital of Turkmenistan. This was reported by the online edition of ‘Business Turkmenistan’. Since 2025, the company has entered a new stage of development by launching the production of copper electrical cable. ‘Synmaz Nesil’ became the first in the country to set up the production of cable products using recycled raw materials. All production processes are carried out under strict quality control, in compliance with industrial safety, environmental and fire safety regulations. Copper cable is produced under the brand name ‘Nesil’ and complies with national standards. The products are intended both for the domestic market and for export, which fits into the strategy of import substitution and expansion of foreign economic relations. The company was founded on 18 March 2014 and initially specialised in the production of scaffolding and waterproofing materials under the ‘Izogam’ brand.
The results of the International Conference ‘White City Ashgabat’ have been summed up
27.05.2025Turkmenistan summed up the results of the XXIV International Conference ‘White City Ashgabat’, which brought together leading experts and representatives of international companies to discuss the prospects of development of the Turkmen capital. It is reported by the Internet publication ‘Turkmenistan: Golden age’. The forum became a platform for sharing experience in introducing innovative technologies in construction, transport and urban infrastructure. Special attention was paid to digital solutions, artificial intelligence and ‘smart’ systems that can improve the efficiency of urban management. The Ministry of Construction and Architecture of Turkmenistan presented successful projects in the field of clean energy, green transport and sustainable urban environment. The participants noted the country's significant achievements in the development of road infrastructure, including the construction of international highways and bridges that strengthen Turkmenistan's position as an important logistics hub in the region. Major foreign companies expressed interest in the development of Ashgabat. CNTIC (China) and Daewoo E&C (South Korea) are ready to cooperate in the construction of industrial facilities and transport infrastructure. The Asian Development Bank will support projects in energy efficiency and renewable energy. The conference confirmed Turkmenistan's aspiration to create a ‘smart’ environmentally friendly city where technologies serve to improve the quality of life. The joint efforts of the state, business and international partners open new prospects for the establishment of a smart, environmentally friendly city in Turkmenistan.
Singaporean businessmen purchased urea at Turkmenistan’s State Commodity and Raw Materials Exchange
26.05.2025At the auction of the State Commodity and Raw Materials Exchange of Turkmenistan on 24 May, representatives of business circles from Singapore purchased urea B grade from the State Concern ‘Turkmenhimiya’. It is reported by the website of the State Commodity and Raw Materials Exchange of Turkmenistan. According to the source, in the domestic market, the Turkmen businessmen concluded a deal with the Ministry of Textile Industry for the purchase of cotton fabric and various cotton waste. The total amount of 3 deals concluded during the bidding was more than 800 thousand manat and 289 million USD.
Turkmenistan and South Korea signed contract to build new fertilizer plant
26.05.2025The state concern ‘Türkmenhimiýa’ has made an important step in the development of the country's chemical industry by signing a large-scale contract with the South Korean company ‘Daewoo Engineering & Construction Co., Ltd’. The agreement provides for the design and construction of a modern production complex to produce mineral fertilisers on the basis of Turkmenabat Chemical Plant. This project will significantly increase the production capacity of the enterprise and expand the range of products. It is reported by IIC. The agreement demonstrates active development of Turkmenistan's international partnership in one of the key sectors of the economy. The project of the chemical complex in Turkmenabat is especially important for the agricultural sector of the country, as it will provide Turkmenistan's agrarians with quality fertilizers of local production. The concluded contract became another evidence of successful implementation of Turkmenistan's strategy to attract advanced foreign technologies and experience for the development of the national industry. It is expected that the implementation of the construction project will make a significant contribution to the economic development of the country.
Turkmenistan signed an agreement with China to purchase innovative municipal equipment
26.05.2025Ashgabat has taken an important step in modernising its urban economy by signing a $60 million contract with the Chinese company Zoomlion. Under the agreement, the capital of Turkmenistan will receive a fleet of specialised vehicles capable of working in extreme conditions - in 45-degree heat and sandstorms. It is reported by the Internet publication ‘Turkmenistan: Golden age’. Of particular importance is the establishment of a local service centre that will provide round-the-clock support for the equipment. Director of ‘Changsha Zoomlion Environmental Industry Co., Ltd’ Mr Fu Qu stressed on the margins of the conference ‘White City Ashgabat’ that this large-scale project opens a new page in cooperation between Turkmenistan and China. It will be an important step in the implementation of the ‘One Belt, One Road’ initiative, demonstrating a successful example of technological partnership between the two countries. In the future, co-operation can be expanded by sharing experience and introducing additional innovative solutions for the smart city.
Turkmennebit's drillers demonstrate steady dynamics
25.05.2025The ‘Nebitgazburawlaýyş’ Trust of the ‘Turkmennebit’ State Concern continues to make a significant contribution to the implementation of the ‘Programme for the Development of the Oil and Gas Industry of Turkmenistan until 2030.’ According to the electronic newspaper ‘Nebit-gaz,’ geological exploration and drilling works are actively carried out at a number of sites in the Balkan province. Based on the data published on the official website of the Concern, in January-April 2025, the specialists of the trust have drilled 55,910 metres of underground rocks, which is 100.4% of the planned indicator. Thirteen wells were put into operation, of which four wells were commissioned in April alone. Subdivisions of the Drilling Operations Department are also demonstrating productive dynamics: Drillers of the Drilling Department ‘Nebitdag’: 10,357 metres of drilling, five productive wells. Drillers of the Drilling Department ‘Goturdepe’: overfulfilment of the plan by 2,606 metres, drilling of four wells was completed. Drillers of the Drilling Department ‘Körpeje’: over 11,000 metres of drilling, three wells completed. Drillers of the Drilling Department ‘Ekerem’: 112 per cent of plan fulfilment, one well commissioned. The source notes that these results emphasise the high production discipline and technical equipment of the drilling teams, which make a significant contribution to building up the country's resource base.
Abdulla Geldiyev: ‘Turkmenistan is an important link in the international transport system’
25.05.2025At the ‘White City Ashgabat’ Conference, Turkmenistan's Minister of Construction and Architecture Abdulla Geldiyev spoke in detail about the country's large-scale infrastructure projects. Special attention was paid to the construction of key transport arteries, including the Turkmenbashi-Garabogaz-Kazakhstan international motorway and the Ashgabat-Turkmenabat high-speed railway. It is reported by IIC. The Minister noted that Turkmenistan is actively introducing advanced technologies of road construction, cooperating with the world's leading manufacturers of specialised equipment. These projects not only improve transport connectivity within the country, but also strengthen the position of Turkmenistan as an important link in international transport corridors. At the end of his speech, Abdulla Geldiyev invited foreign partners to participate in the implementation of infrastructure projects, stressing their importance for the development of regional cooperation.
Vadim Skorobogatko: ‘Ashgabat is an example of a ‘smart’ and environmentally friendly city of the future’
25.05.2025Within the framework of the International Conference ‘White City Ashgabat - 2025’, Vadim Skorobogatko, Director of ‘BVS Construction Limited’, shared his vision of modern urban development. He noted that the Turkmen capital demonstrates a successful example of integration of technologies and environmentally friendly solutions into the urban environment. It is reported by the IIC. Special attention in his speech was paid to the importance of public-private partnership for the implementation of large-scale infrastructure projects. The company is ready to offer Ashgabat international experience in creating ‘smart’ transport systems and effective solutions for urban economy. Vadim Skorobogatko emphasised that the White City Ashgabat concept successfully combines technological progress with care for future generations, creating a model of sustainable development for the entire region.
Vladimir Petruk: ‘Construction of the metro in Ashgabat is a step towards a sustainable and innovative city’
25.05.2025Vladimir Petruk, Managing Director of Interbudmontazh, spoke at the XXIV International Exhibition and Conference ‘White City Ashgabat’. He thanked the leadership of Turkmenistan for the opportunity to participate in the authoritative international platform, which promotes the development of partnerships and exchange of professional experience, IIC reports. The initiative to build an underground in Ashgabat was highlighted among the promising areas. Petruk recalled that on the instructions of the President of Turkmenistan in 2014 the development of a feasibility study of the project with the involvement of Japanese, Austrian and American specialists was launched. The planned metro is seen as an element of a sustainable transport system capable of connecting Ashgabat with the new city of Arkadag in the future. In addition, the company is taking part in the construction of a regulating hydraulic structure on the Karakum Canal in partnership with the Australian firm Rubicon. The aim of the project is to ensure sustainable water supply to the capital and support the development of agriculture in the country. In conclusion, Vladimir Petruk expressed interest in further participation of Interbudmontazh in key infrastructure initiatives of Turkmenistan. He stressed the importance of a systematic project approach taking into account the seismic conditions of the region, and also noted that such forums as ‘White City Ashgabat’ serve as a catalyst for major projects and expand the horizons of international cooperation.
UN-Habitat praises Ashgabat's achievements in sustainable development
25.05.2025At the XXIV International ‘White City Ashgabat’ Exhibition, UN-Habitat Executive Director Anacláudia Marinheiro Centeno Rossbach praised the achievements of the Turkmen capital in her video message. She noted that Ashgabat successfully implements the principles of sustainable development, demonstrating progress in creating a green urban environment and modern infrastructure. It is reported by IIC. In her speech, the UN-Habitat chief emphasised the compliance of Ashgabat's development with the global goals of urbanism, including the New Urban Agenda. Turkmenistan's efforts to create an inclusive urban environment combining technological progress with environmental safety were particularly appreciated. ‘We value the partnership with Turkmenistan and are confident that together we can create cities of the future - comfortable and safe for all,’ said S. Rossbach, confirming readiness for further co-operation.
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