Economy
Belarusian companies are exploring opportunities to enter the Turkmenistan market
21.07.2026Around 30 representatives of Belarusian companies took part in a working meeting on the prospects for entering the Turkmenistan market. The event, ‘Business Breakfast with a Diplomat’, took place on 15 July at the Brest branch of the Belarusian Chamber of Commerce and Industry, with the participation of Yuri Dmitrichkov, Counsellor for Trade and Economic Affairs at the Belarusian Embassy in Turkmenistan, according to IIC Turkmenistan. Participants were briefed on the latest information regarding the Turkmen market and discussed ways to develop cooperation. The main areas of interest were the export of furniture, foodstuffs, agricultural machinery, glass, compound feed, livestock farming equipment, as well as services in the fields of design and logistics. The Belarusian Chamber of Commerce and Industry noted that the meeting had been organised to facilitate Belarusian companies’ entry into the Turkmen market.
The Turkmenistan Stock Exchange recorded 13 transactions over the past week
21.07.2026Last week, 13 transactions were concluded on the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by the news agency ‘Turkmenistan: Golden age’. Foreign companies purchased liquefied gas produced by the ‘Türkmennebit’ State Concern, as well as textile products and cotton fabric. The buyers were business representatives from Afghanistan, the UAE and Turkey. The total value of the export transactions exceeded 369,000 US dollars. On the domestic market, entrepreneurs purchased polypropylene, cottonseed oil, fabric, cotton fibre and other cotton-processing products worth more than 60.6 million manats.
John Defterios is to be the lead moderator at OGT 2026 in Ashgabat
20.07.2026The organisers of the 31st International Conference and Exhibition ‘Oil and Gas of Turkmenistan – 2026’ (OGT 2026) have confirmed that international journalist and economic commentator John Defterios will serve as the forum’s lead international moderator. The event will take place in Ashgabat from 21 to 23 October under the motto ‘Energy. Partnership. Progress’, according to the news agency ‘Turkmenistan: Golden age’. Preparations for the forum have entered a new phase. More than 150 delegates from various countries have already confirmed their participation in the conference, the exhibition spaces are fully booked, and the State Oil Company of the Republic of Azerbaijan (SOCAR) has joined the ranks of OGT 2026’s Premier Partners. John Defterios has been covering global economic and energy issues for over 35 years. He has previously worked for ‘CNN Business’, ‘Reuters Television’ and ‘PBS Television’, and has moderated events at the World Economic Forum, ADIPEC, the OPEC International Seminar and other international forums. He is currently a professor of business at New York University Abu Dhabi and a senior strategic adviser to APCO Worldwide. During OGT 2026, Defterios will lead plenary sessions and strategic discussions involving representatives from government bodies, national and international energy companies, financial institutions and investors. The forum’s business programme will cover issues relating to the development of the ‘Galkynyş’ field, the advancement of projects in the Turkmen sector of the Caspian Sea, the adoption of modern technologies, the digitalisation of the industry, the application of artificial intelligence, attracting investment, improving energy efficiency and reducing methane emissions. OGT 2026 is organised by the State-Owned Concerns ‘Türkmengaz’ and ‘Türkmennebit’, and the State Corporation ‘Türkmengeologiýa’, in partnership with the private company ‘Turkmen Energy Forum’.
A new industrial gas flow has been established in Turkmenistan
20.07.2026A commercial flow of sulphur-free natural gas has been achieved at production well No. 04 of the ‘Ýylan’ gas field in the Mary velayat. The gas is being produced from reservoirs at a depth of 2,858–2,860 metres, following the drilling of the well to a depth of 2,916 metres. The daily production rate exceeds 700,000 cubic metres, according to the online news site AsmanNews. The new flow consists of methane gas, free from sulphur and hydrogen, and is characterised by high environmental performance. These results will contribute to increasing hydrocarbon production, boosting the export potential of the fuel and energy sector, and developing the gas transmission infrastructure. Work is continuing on the modernisation of wells at the ‘Galkynyş’ field, the introduction of modern technologies and digital solutions, and the strengthening of the sector’s material and technical base. In Turkmenistan, work is also underway to develop new gas fields, modernise existing facilities and implement the state strategy for the development of the fuel and energy sector, aimed at the efficient use of hydrocarbon resources.
Ashgabat and Tbilisi discussed the development of transport and energy links
19.07.2026On 17 July, during a meeting between the President of Turkmenistan, Serdar Berdimuhamedov, and the Prime Minister of Georgia, Irakli Kobakhidze, particular attention was paid to the development of cooperation in the transport, logistics and energy sectors. This was reported by the news agency ‘Turkmenistan: Golden age’. President Serdar Berdimuhamedov noted the comprehensive nature of Turkmen-Georgian relations and reaffirmed Turkmenistan’s readiness to assist its Georgian partners in entering the markets of Central and South Asia, as well as the Asia-Pacific region. The parties identified the Lapis Lazuli corridor international transport corridor, linking Afghanistan, Turkmenistan, Azerbaijan, Georgia and Turkey, as one of their priority joint projects. Furthermore, the parties reaffirmed their interest in expanding cooperation in the energy sector. The Turkmen side expressed its readiness to hold substantive discussions on promising projects in this area.
Turkmenistan exports around 80 per cent of its textile products
18.07.2026Turkmenistan produces more than 130,000 tonnes of finished textile products annually, around 80 per cent of which is exported. The President of Turkmenistan, Serdar Berdimuhamedov, made this statement at the Georgian-Turkmen Business Forum in Tbilisi, according to the news agency TDH. According to the Head of State, the country is also expanding production of building materials, metal, plastic, cable and electrical products. The development of investment and the private sector is helping to increase the export potential of the agricultural sector. Turkmenistan is one of the major suppliers of environmentally friendly food products.
Georgia’s Minister of Finance highlighted the potential for cooperation with Turkmenistan
18.07.2026Georgia’s Minister of Finance, Lasha Khutsishvili, has stated that cooperation with Turkmenistan will be a key factor in boosting trade and investment between the two countries. This was reported by the news website Turkmenportal. Speaking at the Georgia–Turkmenistan Business Forum, he highlighted the significant potential of bilateral relations and the forum’s role in developing the private sector. Khutsishvili also emphasised the importance of infrastructure projects, including the development of the energy component of the Middle Corridor and the construction of an undersea cable across the Black Sea, which is set to connect the South Caucasus to the European energy grid and create new opportunities for the countries of Central Asia.
Turkmenistan intends to boost transit capacity via Georgian ports
18.07.2026Turkmenistan is engaged in negotiations regarding the construction of a cargo terminal on the Black Sea coast in Georgia, stated the President of Turkmenistan, Serdar Berdimuhamedov, at the Turkmen-Georgian Business Forum in Tbilisi. This was reported by the online publication ‘Business Turkmenistan’. The Head of State highlighted the prospects for expanding cooperation in the fields of transport, logistics, infrastructure and maritime transport. He said that the private sector must be actively involved in implementing these projects and that public-private partnerships should be developed. Berdimuhamedov also emphasised Turkmenistan’s interest in Georgia’s experience in developing tourism and the service sector. The forum, he said, should help to strengthen trade, economic and investment ties between the two countries.
Turkmenistan’s chemical industry is expanding its production capacity
18.07.2026Turkmenistan’s chemical industry continues to expand through major investment projects and the modernisation of production facilities. One of the key priorities remains increasing the output of mineral fertilisers for domestic consumption and export, according to the online publication Arzuw News. A new complex is under construction at the S.A. Niyazov Chemical Plant in Turkmenabat, which, once operational, will produce 350,000 tonnes of superphosphate and 100,000 tonnes of ammonium sulphate per year. In the Turkmenbashi etrap, a project is underway to build a gas-chemical complex with an annual production capacity of 1.155 million tonnes of urea. The new facilities are equipped with modern automated systems and comply with environmental requirements. The development of the chemical industry remains one of the priorities of the country’s economic policy, which aims to attract investment, train specialists and expand international cooperation.
Trade turnover between Turkmenistan and Georgia has exceeded US$100 million
17.07.2026Trade turnover between Turkmenistan and Georgia increased by 26 per cent in 2025, exceeding US$100 million. This was announced by the Georgian Prime Minister, Irakli Kobakhidze, at the opening of the second Georgian-Turkmen Business Forum, according to the online publication ‘Business Turkmenistan’. According to him, the positive trend in bilateral trade is continuing this year. Kobakhidze also noted that the visit to Georgia by the President of Turkmenistan, Serdar Berdimuhamedov, confirms the high level of trust and the strategic importance of cooperation between the two countries. The Prime Minister also emphasised that Georgia and Turkmenistan have great potential for further cooperation and spoke highly of the prospects for developing the partnership.
German companies have submitted proposals for the port of Turkmenbashi
17.07.2026Negotiations took place at the Turkmenbashi International Seaport between representatives of Turkmenistan’s State Service for Maritime and Inland Waterway Transport and a delegation from the German Committee on Eastern European Economic Relations and German companies. This was reported by the news agency Orient. The parties discussed the development of container transport, logistics corridors, energy supply to port infrastructure and the supply of equipment. The Turkmen side highlighted the port’s transit potential and confirmed its readiness to expand cooperation. The German companies ‘Rhenus’, ‘Benning’, ‘Eternity’, ‘Zeppelin’ and ‘Edison Technologies’ presented their projects, noting a 12 per cent increase in bilateral trade. Technological cooperation was also discussed, including the servicing of ‘Caterpillar’ marine engines, the installation of specialised equipment and the construction of yachts. Following the meeting, the parties expressed an interest in developing the transit of Chinese and Uzbek cargo through Turkmenistan to Europe and agreed to continue regular consultations.
Turkmenistan and Germany discussed expanding their business partnership
17.07.2026A delegation from the German Committee on Eastern European Economic Relations, led by Executive Director Michael Harms, arrived in Ashgabat on a working visit. Meetings were held at the Chamber of Commerce and Industry of Turkmenistan with the heads of relevant ministries and departments, according to the IIC. The parties discussed the development of cross-sectoral cooperation and the implementation of joint industrial projects. Negotiations were also held with the leadership of the Union of Industrialists and Entrepreneurs of Turkmenistan. The main focus was on the supply of high-tech equipment, the introduction of digital solutions and the modernisation of production facilities. The five-day consultations are aimed at expanding trade and economic cooperation and strengthening the presence of German businesses in the Turkmen market.
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