Economy
A seminar on new EU requirements for reducing methane emissions was held in Ashgabat
12.06.2025An international seminar dedicated to new EU environmental requirements for energy imports was held at the ‘Turkmengaz’ Scientific Research Institute of Natural Gas. The event, organised with the support of the EU and Germany as part of the GIZ project, brought together experts to discuss the Regulation on the reduction of methane emissions. This was reported by the online publication TerraNews. Participants examined in detail the provisions of the document, including mandatory monitoring, reporting and reduction of methane emissions at all stages of the gas supply chain. Particular attention was paid to international control instruments: the UN's OGMP 2.0 programme and GHGSat satellite technologies for detecting leaks. Representatives of the European Commission emphasised that the adoption of new methane standards plays a key role in combating climate change by creating a solid foundation for the development of responsible international energy partnerships.
Turkmenistan has produced over 1.2 million tons of oil since the beginning of 2025
12.06.2025During the January-May 2025 period, over 1.27 million tonnes of oil were produced in Turkmenistan's oil fields. This information was provided by Orient publication, citing a source specialising in the country's oil and gas industry. According to data from the ‘Nebitgazçykaryş’ trust, the total production volume during the reporting period amounted to 1,278,817 tonnes. The most significant contribution to the implementation of the production plan was made by the experts of the ‘Nebitgazburawlaýyş’ trust, who drilled 57,246 metres of production wells and 16,051 metres of exploration wells. Uninterrupted technical support for drilling operations was provided by the ‘Burnebitgazhyzmat’ department. This department's area of responsibility includes the logistics, preparation, and maintenance services for drilling and well pipes supplied to the strategically important Goturdepe, Körpeje, Ekerem, Akpatlavuk fields, as well as the Barsagelmez and Uzynada fields. Sector representatives emphasize that the coordinated efforts of relevant departments and supporting services have contributed to the stable continuation of oil production and the achievement of planned targets.
Non-cash payments in Turkmenistan exceeded 6.7 billion manats in 2025
12.06.2025From January to March 2025, the total volume of non-cash transactions using bank cards in Turkmenistan exceeded 6 billion 773 million manats. This was reported by the online publication ‘Business Turkmenistan’, citing the electronic publication ‘Bank habarlary’, issued by the country's Central Bank. The majority of transactions were payments via POS terminals — 5 billion 756 billion 232 thousand. According to information from the Central Bank of Turkmenistan, as part of the development of digital services during the same period, transactions worth over 736 million 113 thousand manats were made via the E-Commerce platform. More than 12 million 189 thousand manats were processed through mobile banking applications. In addition, non-cash payments amounting to more than 75 million 339 thousand manats were made through the Halkbank terminal system.
Large-scale work is underway in Turkmenistan to modernise the trading system
12.06.2025Turkmenistan is actively implementing a programme to modernise its trade system and expand access to global markets for high-quality and environmentally friendly products. One of the significant steps in this direction has been the introduction of a barcode system, under which tens of thousands of product names have already been labelled accordingly, reports the state news agency TDH. The country's accession to the international GSI (Global Standard) system confirms its status as a reliable and responsible participant in global trade and economic partnership. Given the growth in production volumes and increased demand for Turkmen goods, the use of barcodes opens up new opportunities for the development of foreign trade, expansion of the export range and strengthening of economic ties with foreign countries. The transition to a market economy has contributed to the development of new forms of trade, including through commodity exchanges. The State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) plays a key role in this area, analysing the validity of imports and exports, controlling the formation of prices for export products and focusing on the tasks set by the Head of State. The SCRMET actively studies international experience and applies it to stimulate foreign economic activity and strengthen Turkmenistan's position in the global economy. The legislative framework governing its activities is also being developed in line with modern requirements. In the first five months of this year, the SCRMET held 124 trade sessions, during which 11,714 contracts were concluded.
Turkmen farmers have begun receiving John Deere sprayers
11.06.2025Turkmen farmers have begun receiving modern M732i trailer-mounted sprayers from John Deere, designed for applying fertilisers and protecting crops from pests. This was reported by the online news resource TerraNews. The model can be aggregated with John Deere, CLAAS and MTZ tractors and is controlled via an electronic system. The working width reaches 24 metres, with the possibility of adjustment to 6, 12 and 18 metres. The tank capacity is 3,200 litres, and the weight of the fully loaded sprayer is about 7 tonnes. The equipment allows the track width to be adjusted depending on the row spacing (60, 75 or 90 cm) and ensures accurate solution dosing. To demonstrate the capabilities of the new product, a seminar was held in Lebap velayat with the participation of industry experts and agricultural students. The equipment has already been sent to farms to begin field work.
Turkmenistan is actively developing foreign economic relations and entrepreneurship
10.06.2025The development of trade and entrepreneurship is an important area of Turkmenistan's economic policy aimed at improving living standards and ensuring food abundance. Changes in these areas demonstrate the effectiveness of market reforms and large-scale social programmes, according to the state news agency TDH. The trade sector plays a key role in the economy, providing significant tax revenues and employment. At a meeting of the Cabinet of Ministers on 17 May, President Serdar Berdimuhamedov signed a Resolution on the development of the State Budget of Turkmenistan for 2026. The document sets priorities for sustainable development, digitalisation, business support and investment in production. The first five months of 2025 saw steady growth in trade, industry and entrepreneurship. The revenue side of the budget was fulfilled by 101.2%, and trade and production volumes increased. Both domestic producers and imports coordinated by the Ministry of Trade and Foreign Economic Relations play an important role in supplying the domestic market. The textile industry is developing successfully, demand for Turkmen brands is high, and programmes to modernise and enter international markets are being actively implemented. Carpet production is preserving traditions and successfully entering foreign markets. Work is also underway to introduce digital solutions, including product labelling and integration into the GSI system. The State Commodity and Raw Materials Exchange of Turkmenistan is actively involved in regulating export and import operations, ensuring the growth of foreign trade activity. Turkmenistan is strengthening international partnerships by participating in forums and commissions, expanding export routes and developing infrastructure. Conditions have been created for investors to operate, production is growing, and output volumes are increasing. Support for the private sector has strengthened the position of local producers. The ‘Made in Turkmenistan’ programme promotes national brands on the international stage. The introduction of digital technologies in trade is a priority of the state strategy. In this regard, regulatory documents for distance trading are being developed.
Turkmen company ‘Durun abat’ has started exporting natural juices
10.06.2025The ‘Durun abat’ economic society, a member of the Union of Industrialists and Entrepreneurs of Turkmenistan, has begun exporting fruit juices under the ‘Rowaç’ and ‘MFT’ brands to Kazakhstan. This was reported by the online publication ‘Business Turkmenistan’. The enterprise is located in the Buzmeyin district of Ashgabat. ‘Rowaç’ and ‘MFT’ juices are made from carrots, beetroot, apples and other fruits using modern European equipment. ‘Our company employs dozens of young specialists who are skilled in working with high-tech production lines. We strive to ensure the high quality and naturalness of our juices, which meet the requirements of our consumers,’ emphasised Murat Allayazov, head of the economic enterprise. In the future, ‘Durun abat’ plans to expand its product range using local raw materials.
Production of school furniture under the ‘Görkana’ brand has started in Turkmenistan
09.06.2025The private enterprise ‘Görkana ak ýol’, a member of the Union of Industrialists and Entrepreneurs of Turkmenistan (UIET), has begun production of school furniture — desks, chairs and tables — under the ‘Görkana’ trademark, using local raw materials. This was reported by the online publication ‘Business Turkmenistan’. Production is located in the industrial zone of the Ak Bugday district of the Ahal velayat. The company employs young specialists, and the equipment was supplied from Turkey and Germany. The plant has the capacity to produce up to 20,000 chairs and 10,000 desks per month. Raw materials are supplied under contracts with the Turkmenbashi Complex of Oil Refineries. The products are intended for the domestic market, but there are plans to export them to neighbouring countries in the future.
Export deals worth $367 million were signed on the Turkmenistan Stock Exchange
09.06.2025Over the past week, export contracts worth a total of US$367.656 million were signed on the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET). This was reported by the online publication ‘Business Turkmenistan’. Buyers from Afghanistan, the United Arab Emirates and Kyrgyzstan purchased lighting kerosene produced by the State Concern ‘Türkmennebit’ for foreign currency. In addition, textiles produced by state-owned enterprises of the Ministry of Textile Industry of Turkmenistan and private Turkmen companies were sold on the exchange. Domestic participants in the auction — entrepreneurs from Turkmenistan — purchased petroleum bitumen and various types of textiles worth 16.97 million manats. A total of 10 exchange transactions were concluded on the SCRMET in a week.
Agreements signed in Turkmenistan to expand the electronics industry
08.06.2025The digital technology and electronics industry is rapidly developing in Turkmenistan. The economic society ‘Aýdyň Gijeler’ has become a leader in this field, demonstrating its achievements at the XXIV International Exhibition ‘White City Ashgabat.’ This was reported by the online news resource TerraNews. The company has signed several major agreements with international partners, marking a new stage in the development of the country's digital industry. The ‘Aýdyň Gijeler’ stand stood out for its innovations: smart traffic lights, energy-efficient lighting, bank and SIM cards, new tablets and an AI robot capable of analysing data in real time. The company signed investment agreements with Chinese corporations, including ‘Inspur Software and Unilumin Group’, as well as agreements on the assembly of computer equipment and LED products. The projects are scheduled to run until 2030 and include the localisation of production and the introduction of new technologies. As a Gold Partner of the conference, ‘Aýdyň Gijeler’ confirmed its leading role in the digital development of Ashgabat and the implementation of the ‘smart city’ concept, contributing to the sustainable development and technological modernisation of Turkmenistan.
A delegation from Ashgabat participated in the Tbilisi Forum on sustainable development
08.06.2025A delegation from the capital's Hakimlik (City Hall) took part in the Tbilisi Regional Forum ‘The Role of Peace in Sustainable Social-Economic Development,’ held on 5-6 June 2025. The event brought together leading experts, government officials and business representatives to discuss pressing issues of modern development. This was reported by IIC. Over the course of two days, forum participants engaged in intensive dialogue on key areas of sustainable development. Particular attention was paid to issues of green energy, digital transformation of the financial sector and the creation of favourable conditions for entrepreneurship. A significant part of the discussions focused on the prospects for introducing the principles of the circular economy and energy-efficient technologies in urban planning. The forum provided a unique opportunity to establish business contacts between representatives of different countries. The participation of the Ashgabat delegation in this prestigious event contributes to strengthening international cooperation and opens up new prospects for the exchange of best practices in the field of sustainable development.
The SPE section at the forum in Ashgabat attracted keen interest from participants
07.06.2025At the TESC 2025 international conference dedicated to the environmental aspects of hydrocarbon field development, SPE Regional Director for Russia and the Caspian Region Alexey Borisenko presented the activities of the Society of Petroleum Engineers. Speaking to the forum participants, he emphasised the key role of this international organisation in overcoming the modern challenges facing the energy sector. This was reported by the online publication ‘Turkmenistan: Golden age’. With a global network of offices from Moscow to Kuala Lumpur, SPE creates a platform for technological progress and professional growth for specialists. Its main areas of work include the exchange of best practices, the implementation of innovative solutions and the development of human resources in the industry. Particular attention is paid to environmental initiatives, from monitoring greenhouse gas emissions to introducing low-carbon technologies. In Turkmenistan, the SPE community brings together about 100 active members, including both experienced professionals and students from the International Oil and Gas University. This interaction between generations creates a favourable environment for knowledge transfer and the development of new skills. As Alexey Borisenko noted, the upcoming industry events in Ashgabat and Baku will open up additional opportunities to showcase the achievements of Turkmen specialists on the international stage. The TESC 2025 conference confirmed SPE's status as a key integrator of the professional community, contributing not only to technological development but also to the formation of a responsible approach to the development of energy resources.
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