Economy
Turkmenistan intends to expand natural gas exports
23.10.2025The plenary session of the international conference OGT 2025 in Ashgabat discussed the increasing role of Turkmen natural gas in the global energy transition. This was reported by the Arzuw News online edition. The participants noted that gas remains a reliable source of energy with low emissions in the transition to cleaner fuels. Special attention was paid to the potential of Turkmenistan, which has some of the world's largest gas reserves, to meet growing demand in both traditional and new promising markets. Projects such as the TAPI gas pipeline and other cross-border infrastructure initiatives were at the centre of the discussion. Government officials, international experts and industry specialists discussed how expanding Turkmen gas exports can contribute to the country's economic development and support the decarbonisation goals of its partners.
SOCAR President emphasises new phase of partnership with Turkmenistan
23.10.2025At the XXX International Conference ‘Oil and Gas of Turkmenistan – 2025’, the President of the State Oil Company of the Republic of Azerbaijan (SOCAR), Rovshan Najaf, emphasised the new level of cooperation between Azerbaijan and Turkmenistan, according to the online news resource TerraNews. He noted that the development of bilateral relations reflects the common goals of the countries, including their contribution to the global energy transition, and emphasised the importance of Turkmen gas for the world market. R. Najaf confirmed SOCAR's active cooperation with Turkmenistan's ‘Türkmengaz’ and ‘Türkmennebit’, noting that the company's representative office in the country has been operating for two years. According to him, the global energy sector is undergoing a ‘crossroads of transformation’ towards clean energy sources, which makes cooperation between the two countries particularly important.
PETRONAS Vice President presents new plans for the company in Turkmenistan
23.10.2025At the XXX International Conference ‘Oil and Gas of Turkmenistan – 2025’, PETRONAS Vice President Mohd Redhani bin Abdul Rahman presented the company's plans in Turkmenistan, according to the online news resource TerraNews. He noted that PETRONAS continues to develop its presence in the country through technological cooperation and the introduction of AI, which is already being used in hydrocarbon exploration and production to optimise drilling, predict reservoir behaviour and improve safety. This year, the company is considering expanding its partnership with the Turkmen company ‘Hazarnebit’, which will combine PETRONAS' experience in Caspian offshore projects with digital technologies for more efficient resource development.
Turkmenistan considers prospects for cooperation with the World Bank
23.10.2025The Chairman of the State Concern ‘Türkmennebit’ Guvanch Agajanov held a working meeting with representatives of the World Bank Robert Anton Bernard Van der Geest and Sandu Ghidirim, according to the news website Asmannews. During the meeting, current and future joint projects in the oil and gas industry were discussed. The main focus was on increasing the efficiency of hydrocarbon production, introducing modern technologies and attracting investment in the energy sector. G. Agajanov emphasised the importance of long-term cooperation with the World Bank and expressed confidence in the further strengthening of the partnership aimed at the sustainable development of Turkmenistan's energy sector.
Turkmenistan and PETRONAS actively develop partnership in energy sector
23.10.2025A meeting between the management of the State Concern ‘Türkmengaz’ and a delegation from PETRONAS was held in Ashgabat. The parties discussed current projects, priority areas of cooperation and prospects for further interaction, according to the news website TerraNews. The Chairman of the Concern, Maksat Babayev, noted the importance of the long-standing partnership with the Malaysian company, which is one of the key investors in the Turkmen sector of the Caspian Sea. The interlocutors exchanged views on the situation in global energy markets and confirmed their interest in the sustainable development of Turkmenistan's energy sector. The meeting was another step in strengthening strategic cooperation and opened up new opportunities for the introduction of advanced technologies.
Batyr Amanov: Turkmenistan aims for sustainable development of energy ties
22.10.2025Deputy Chairman of the Cabinet of Ministers of Turkmenistan Batyr Amanov spoke at the plenary session of the International Conference and Exhibition ‘Oil and Gas of Turkmenistan – 2025’, according to the news website TerraNews. In his speech, the Deputy Prime Minister emphasised that the country's strategic goal is to ensure sustainable economic growth and expand international cooperation, particularly in the oil and gas industry. According to B. Amanov, the participation of representatives from more than 70 countries and leading energy companies in the event demonstrates a high level of interest in joint investment initiatives and strengthening energy partnerships. The conference is discussing ways to improve the efficiency of the oil and gas sector, transition to renewable energy sources, and reduce methane emissions. Among the key areas of development for the industry, B. Amanov named the implementation of the ‘Turkmenistan-Afghanistan-Pakistan-India’ gas pipeline project (TAPI), the development of offshore fields in the Caspian Sea with the participation of foreign investors, the advancement of scientific research, the creation of underground gas storage facilities, and the introduction of digital technologies in the management of the industry.
‘Türkmennebit’ State Concern and PETRONAS consider developing joint projects
22.10.2025On 21 October, the Chairman of the State Concern ‘Türkmennebit’ Guvanch Agajanov met with a delegation from the Malaysian company PETRONAS in Ashgabat as part of the International Energy Exhibition of Turkmenistan, according to the news website TerraNews. The delegation included Deputy Vice President Jukris Abdul Wahab, Vice President Mohd Redhani bin Abdul Rahman, CEO of PETRONAS Carigali (Turkmenistan) Sdn Bhd Ismadi bin Ismail, Director of Strategy and Commercial Activities Azahari Mohd Shuid, and company representative Albert Mehtiev. The parties discussed current and prospective joint projects in the oil and gas industry, including improving production efficiency, introducing new technologies, and expanding investments. G. Agajanov emphasised the long-standing cooperation with PETRONAS and expressed confidence in the further strengthening of the partnership for the development of Turkmenistan's energy sector.
The OGT 2025 International Conference and Exhibition has commenced in Ashgabat
22.10.2025The 30th anniversary International Conference and Exhibition ‘Oil and Gas of Turkmenistan – 2025’ (OGT 2025) has opened in Ashgabat. The forum has brought together over 1,400 participants from 70 countries, according to the online news resource TerraNews. The event, which has been held for 30 years, remains the main platform for signing memoranda and agreements in the oil, gas and energy sectors. The key topics of OGT 2025 are attracting investment, global energy trends, ecology, and the development of renewable sources and hydrogen technologies. The programme includes plenary sessions and discussions on current issues in the industry. The conference is held under the motto ‘Energy. Innovation. Growth’, and its central theme is shaping the future of global energy through innovation and strategic cooperation. The OGT EXPO 2025 exhibition is held concurrently, where over 100 companies from 70 countries present the latest technologies and equipment for the energy sector.
The Chairman of the Board of Directors of ‘Dragon Oil’ arrived on a visit to Turkmenistan
22.10.2025Saeed Al Tayer, Chairman of the Board of Directors of ‘Dragon Oil’, has arrived in Turkmenistan, according to the news website Asmannews. The visit is timed to coincide with the 25th anniversary of cooperation with the State Concern ‘Türkmennebit’ and is taking place within the framework of the 30th International Conference and Exhibition ‘Oil and Gas of Turkmenistan – 2025’, which will bring together leading experts in the energy sector. The forum is dedicated to the development of regional partnerships and discussion of global trends in the energy sector. Saeed Al Tayer will take part in discussions aimed at attracting foreign investment in the country's oil and gas sector. Cooperation between Turkmenistan and the United Arab Emirates, of which ‘Dragon Oil’ is a part, is based on friendly and strategic relations, remaining an important element of bilateral interaction in the context of modern economic challenges.
Development of cooperation with ‘Schlumberger Logelco Inc.’ was discussed in Turkmenistan
21.10.2025Ahead of the International Conference and Exhibition ‘Oil and Gas of Turkmenistan – 2025’ (OGT 2025), representatives of ‘Schlumberger Logelco Inc.’ met with the management of the State Concern ‘Türkmengaz’. This was reported by the IIC of Turkmenistan. The parties discussed expanding cooperation in the oil and gas sector, introducing modern technologies, and prospects for joint projects. Company engineer Jordi Vendrell-Ares noted the importance of strengthening the partnership and confirmed ‘Schlumberger Logelco Inc.’s readiness to actively participate in the event. OGT 2025 will be held with the support of the State Concern ‘Türkmengaz’ and will bring together leading global companies in the energy and technology sectors.
Last week, 48 transactions were concluded on the Turkmenistan Stock Exchange
20.10.2025Last week, 48 deals were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by the state news agency TDH. Entrepreneurs from the UAE, Turkey, Afghanistan and Uzbekistan purchased aviation kerosene and hydrotreated diesel fuel produced by ‘Türkmennebit’ for foreign currency. Bedding sets, terry products, flannel, cotton yarn and licorice root extract were also sold. The total amount of foreign currency transactions exceeded $47.1 million. On the domestic market, Turkmen companies purchased base oil, petroleum coke, polypropylene, as well as textile products and liquorice root extract worth over 153.2 million manats.
ADNOC strengthens energy cooperation with Turkmenistan
20.10.2025ADNOC is strengthening its international presence and developing its partnership with Turkmenistan, consolidating its position in the Caspian region. This was reported by the news website Asmannews. In 2025, the company will become a Diamond Sponsor of the XXX International Conference and Exhibition ‘Oil and Gas of Turkmenistan - 2025’ (OGT 2025) in Ashgabat, presenting the largest delegation and a large-scale interactive stand. One of ADNOC's key achievements was the acquisition of a 38% stake in offshore gas block I, an important step in expanding the company's presence in the region. This cooperation reflects the desire to strengthen energy security and sustainable development in Turkmenistan. At the same time, ADNOC is expanding its international portfolio by participating in LNG projects in the United States, as well as gas projects in Mozambique and Egypt, developing the supply of more environmentally friendly energy sources. ADNOC's active participation in OGT 2025 underscores its strategic role in developing energy infrastructure, diversifying supplies and attracting long-term investment in Turkmenistan's economy.
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