Economy
Turkmenistan is modernising the ‘Türkmenturba’ plant
25.01.2026At a meeting of the Cabinet of Ministers of Turkmenistan, issues related to the modernisation of the ‘Türkmenturba’ plant were discussed. Deputy Chairman of the Cabinet of Ministers of Turkmenistan B. Annamammedov reported on the work, according to TDH. He said that the enterprise is being provided with the necessary equipment and chemical products for stable operation and compliance with technological standards. The measures are being implemented as part of the renewal of the material and technical base of the factories of the ‘Türkmenhimiýa’ State Concern. The Deputy Prime Minister presented the relevant proposals to the President of Turkmenistan, Serdar Berdimuhamedov. The Head of State noted the importance of fully utilising the production potential of the chemical industry. He approved the measures presented and instructed that they be implemented. The ‘Türkmenturba’ plant operates around the clock. It produces polyethylene, polypropylene and fibreglass pipes using European technologies.
Turkmenistan steps up training of oil and gas sector specialists
25.01.2026On 23 January, during a government meeting, Deputy Chairman of the Cabinet of Ministers of Turkmenistan Batyr Amanov reported on the measures being implemented to train specialists for the oil and gas sector with international experience. This was reported by the state news agency TDH. The country's fuel and energy industry actively applies advanced global practices and digital technologies, with a particular focus on training highly qualified personnel. In this regard, the Deputy Prime Minister presented a corresponding proposal to the President of Turkmenistan, Serdar Berdimuhamedov. After hearing the report, the Head of State emphasised that the country is successfully working to train professionals for the oil and gas complex with international experience, and, supporting the initiative, instructed the Deputy Prime Minister to organise the implementation of the necessary measures.
Turkmen-Turkish cooperation: new opportunities for business and investment
25.01.2026On 22 January, Mekan Ishangulyev, Ambassador Extraordinary and Plenipotentiary of Turkmenistan to Turkey, met with Gursel Baran, President of the Ankara Chamber of Commerce and Industry. This was reported by the news website ‘Turkmenistan: Golden age’. During the meeting, they discussed issues related to expanding bilateral trade and economic cooperation, including energy, transport, agriculture, construction, and the food industry. They also considered opportunities for establishing direct links between business structures in the two countries, joint investment projects and intensifying cooperation between small and medium-sized businesses, including through participation in exhibitions and forums and attracting mutual investment.
Turkmenistan prepares to participate in the World ‘EXPO-2027’ in Belgrade
24.01.2026On 23 January, during a government meeting, Deputy Chairman of the Cabinet of Ministers of Turkmenistan Nokerguly Atagulyev reported on measures to ensure Turkmenistan's high-level participation in the World Specialised Exhibition ‘EXPO-2027’, which will be held in Belgrade (Serbia). This was reported by the state news agency TDH. The country will present a national pavilion within the framework of the exhibition's theme ‘Play for Humanity - Sport and Music for All’ under the motto ‘Turkmenistan – the Melody of Peace, the Land of Health’. The relevant proposal was submitted for consideration to the President of Turkmenistan, Serdar Berdimuhamedov. After hearing the report, the Head of State emphasised the development of Turkmenistan's international trade and economic ties and instructed that proper preparations be made for participation in ‘EXPO-2027’.
The Ambassador of Turkmenistan to Romania met with the management of MULTIPOWER SRL
24.01.2026Ionel Minea, Executive Manager of MULTIPOWER SRL, expressed the company's interest in expanding trade and economic cooperation with Turkmenistan. He made this announcement during a meeting with Turkmenistan's Ambassador to Romania, Annamammet Annayev, according to the publication ‘Business Turkmenistan’, citing the Embassy of Turkmenistan in Romania. The parties discussed the prospects for bilateral cooperation, including the supply of certain types of processed products. The interlocutors expressed their readiness to continue the dialogue and develop a mutually beneficial partnership. MULTIPOWER SRL specialises in trading products made from natural gas and oil.
Turkmenistan has increased the volume of mutual trade with SPECA countries
23.01.2026The volume of trade between Turkmenistan and the countries participating in the United Nations Special Programme for the Economies of Central Asia (SPECA) exceeded $2.2 billion in 2025, which is 15% more than in 2024, according to the news website Turkmenportal. This was announced by Babaniyaz Yalakov, Deputy Minister of Finance and Economy of Turkmenistan, at the SPECA Economic Forum, which was held in Ashgabat. According to him, trade growth has been recorded with most of the programme's member states. In total, the volume of mutual trade transactions exceeded $2.2 billion. Data from the State Committee for Statistics of Turkmenistan also confirm the positive dynamics: the share of countries in the region in the republic's foreign trade turnover increased to 11%, while a year earlier it was 9.6%. B. Yalakov noted that as part of the implementation of the SPECA Action Plan for 2024-2025, Turkmenistan has focused its efforts on creating conditions conducive to increasing the investment and economic attractiveness of the participating countries. The priority areas are the development of transport and logistics routes and the reduction of trade restrictions. In his assessment, current trends form the basis for further deepening economic cooperation, including increasing commodity flows, promoting sustainable transport solutions and improving regional transport connectivity.
Rich natural gas reserves discovered at the ‘Atabay’ field in Turkmenistan
23.01.2026Specialists from the ‘Lebapnebitgazgözleg’ expedition have discovered significant reserves of natural gas in a new well at the ‘Atabay’ field in the Central Karakum Desert. This was reported by the news website Turkmenportal, citing the newspaper ‘Turkmenistan’. Research on the 1,200-metre ‘Atabay-1’ exploration well has shown the potential for producing up to 284,000 cubic metres of sulphur-free gas per day. Natural gas has been discovered in eight of the nine layers of the well, and development is planned to begin in the near future. Additional exploration and prospecting work are also planned at the field this year.
Turkmenistan considers building power lines to the border with Kazakhstan
22.01.2026Turkmenistan is exploring the possibility of laying a high-voltage power line to the border with Kazakhstan in order to export electricity and help maintain the energy balance of the neighbouring state, according to the news website Turkmenportal. This was announced by Turkmenistan's Deputy Minister of Energy Nurmammet Nurmammedov, speaking at the SPECA Economic Forum in Ashgabat. According to him, Ashgabat is ready to support Kazakhstan's energy system and is considering the construction of a power line to the border, provided that the necessary intergovernmental agreements are reached. N. Nurmammedov noted that Turkmenistan aims to establish a sustainable and secure energy centre in the region. Currently, the country provides consistent electricity supplies to Afghanistan via five routes and also exports electricity to Uzbekistan and Kyrgyzstan on the basis of long-term contracts.
Trade turnover between Turkmenistan and China exceeded $10 billion in 2025
22.01.2026In 2025, trade turnover between Turkmenistan and China reached $10.046 billion, according to the online publication ‘Business Turkmenistan’, citing China's General Administration of Customs. In December of the same year, mutual trade amounted to $879.9 million. The bulk of trade turnover was accounted for by Turkmen exports. From January to December, Turkmenistan supplied goods worth $8.446 billion to China, while imports of Chinese goods to Turkmenistan amounted to about $1.599 billion. Separately, China imported natural gas worth $8.41 billion from Turkmenistan in 2025.
The ‘Nebitdagnebit’ oil and gas department demonstrates high performance
21.01.2026The ‘Nebitdagnebit’ oil and gas department in the Balkan velayat demonstrated strong economic results in 2025. Total oil production exceeded 668,654 tonnes. This was reported by the news website Turkmenportal, citing the newspaper ‘Turkmenistan’. At the same time, about 43,664 tonnes of ‘black gold’ were produced in excess of the plan, which allowed oil workers to fulfil the annual target by 106.99%. In January 2026, the ‘Nebitdagnebit’ department, together with foreign partners and service enterprises of the ‘Türkmennebit’ State Concern, continues large-scale work on the industrial development of underground productive formations.
‘Kawasaki’ is ready to invest in the modernisation of Turkmenistan's industry
21.01.2026The Japanese company ‘Kawasaki Heavy Industries’ is ready to participate in infrastructure projects in Turkmenistan. This was reported by the online publication ‘Business Turkmenistan’. The company considers the country's investment climate to be favourable and intends to support the modernisation of industry by applying international experience and technology. ‘Kawasaki Heavy Industries’ has already implemented major projects in Turkmenistan, including the construction of a gas chemical plant in the Ahal velayat, the world's first plant to produce petrol from natural gas. The above-mentioned plant processes 1.8 billion cubic metres of gas per year, producing 600,000 tonnes of ECO-93 petrol, 12,000 tonnes of diesel fuel and 115,000 tonnes of liquefied gas.
China increases imports of Turkmen gas to record levels
21.01.2026In 2025, China imported natural gas worth $8.41 billion. Turkmenistan remains the main supplier, with gas going to China and Uzbekistan. This was reported by the online publication ‘Business Turkmenistan’. Approximately 40 billion cubic metres are supplied annually via the three lines of the ‘Turkmenistan-China’ gas pipeline, and the launch of the fourth line, D, will increase the volume to 65 billion cubic metres. At the beginning of the year, CNPC began commercial development of the fourth phase of the ‘Galkynysh’ gas field with a design capacity of 10 billion cubic metres per year. Trade turnover between the countries from January to November 2025 reached $9.164 billion.
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