Economy
‘Türkmengaz’ and ‘Mitsui & Co., Ltd’ discussed a partnership in the oil and gas sector
09.04.2026On 3 April, representatives of the Natural Gas Research Institute of the State Concern ‘Türkmengaz’ held online negotiations with representatives of the Japanese company ‘Mitsui & Co., Ltd’, during which they discussed prospects for cooperation in the oil and gas sector, according to the online publication ‘Business Turkmenistan’. The Japanese side presented information on its activities, as well as the company’s capabilities in the oil and gas sector. During the negotiations, the parties exchanged views on the proposals presented and considered the prospects for establishing cooperation in this area. The negotiations were organised by the Embassy of Turkmenistan in Japan.
Turkmenistan will take part in the ‘Kazan Halal Market’ exhibition
09.04.2026Turkmenistan will take part in the international exhibition ‘Kazan Halal Market’, which will be held from 12 to 17 May in Kazan as part of the ‘Russia – Islamic World: KazanForum’ event. This was announced by Talia Minullina, Head of the Tatarstan Investment Development Agency, according to the online publication ‘Business Turkmenistan’. The exhibition will feature food products, cosmetics, clothing, accessories and household goods. A halal certificate is a mandatory requirement for participation. In 2024, more than 150 companies from Russia and a number of other countries, including Turkmenistan, took part in the exhibition. Furthermore, on the sidelines of the forum, Turkmenistan, Russia and Afghanistan plan to sign an agreement on the creation of a new transit corridor.
Turkmenistan is strengthening its position on the international energy stage
08.04.2026Turkmenistan is actively involved in international energy events. From 31 March to 2 April, representatives of the country took part in the Offshore Technology Conference Asia 2026 (OTC Asia) in Kuala Lumpur, according to the online publication ‘Turkmenistan: Golden age’. The conference, organised by PETRONAS, brought together over 25,000 participants from 80 countries. Among them were leading energy companies, government bodies, technology suppliers and research institutions. The main theme of the forum was the creation of a more sustainable and integrated energy system. PETRONAS President Tengku Muhammad Taufik emphasised the role of technology in enhancing the reliability of energy supply and integration within the value chain. The Turkmen delegation was supported by the ‘Turkmen Energy Forum’ (TEF). During the conference, meetings were held with industry experts, educational and training centres. Discussions focused on enhancing the skills of specialists, technical training and knowledge exchange. Particular attention was paid to cooperation with PETRONAS and Malaysian partners. The Turkmen side held negotiations with Universiti Teknologi PETRONAS (UTP), including Professor Ir. Dr. Hilmi Mukhtar. Discussions covered training programmes for the oil and gas sector, CAPE’s participation in future events in Turkmenistan, and the development of specialised professional development courses. Additionally, meetings were held with the Society of Petroleum Engineers and the Malaysian Oil, Gas and Energy Services Council. Issues regarding the strengthening of technical cooperation, human resource development and international collaboration were discussed. Following the conference, international partners were invited to participate in energy events in Ashgabat: the ‘TESC 2026’ International Scientific and Practical Conference (4–5 June) and the 31st International Conference and Exhibition ‘Oil and Gas of Turkmenistan – OGT 2026’ (21–23 October). Participation in ‘OTC Asia’ enables Turkmenistan to gain access to cutting-edge offshore technologies, digital solutions and international best practices. This creates opportunities for long-term partnerships, professional development and the growth of human capital. An active presence on international platforms confirms the country’s strategic focus on strengthening ties and establishing its image as a reliable partner in the global energy sector.
Last week, 26 transactions were concluded on the Turkmenistan Stock Exchange
07.04.2026Over the past week, 26 transactions were recorded on the Turkmenistan Stock Exchange. Foreign companies from the UAE, Afghanistan, Georgia and Uzbekistan purchased base oil and polypropylene produced by ‘Türkmennebit’, according to IIC of Turkmenistan. Cotton yarn, wheat flour, licorice root extract and bed linen sets were also sold abroad. The total value of export transactions exceeded US$4 million. On the domestic market, Turkmen entrepreneurs purchased base oil, polypropylene, technical sulphur, wheat flour, crude fatty acids from cotton linters, cotton fabric and textile waste. The value of domestic transactions amounted to over 124.8 million manats.
The production of ‘Ak gar’ confectionery is expanding in Turkmenistan
06.04.2026In the Ak Bugday etrap, the private confectionery manufacturer ‘Ak gar’ is expanding its production. This was reported by AsmanNews. The company has been in operation since 2011. It produces oriental sweets, toffee and chewy sweets. Daily output exceeds 10–12 tonnes. Dozens of specialists are employed at the production facility. The production lines are equipped with automated machinery that meets international standards. The range includes ‘Akbon fruity’ toffee, ‘Hasyl’ sweets, ‘Eclairs’, ‘Taffy’ and ‘Taffytof’ chewy sweets, as well as children’s sweets ‘Koko dino egg’ and ‘Koko surprise egg’. In addition, the company produces ‘Ak gar’ icing sugar, cocoa, vanilla sugar, baking powder and citric acid. The quality of the products is confirmed by ISO 9001 and ISO 22000 certificates. Deliveries are made to all regions of the country. Some of the products are exported to Uzbekistan, Tajikistan, Azerbaijan, the Russian Federation and the Dominican Republic.
Turkmenistan’s oil and gas sector has outlined its priorities for further development
05.04.2026In Ashgabat, the results of Turkmenistan’s oil and gas sector for the first quarter of 2026 were reviewed, and priorities for the industry’s further development were outlined. This was reported by the online newspaper ‘Nebit-gaz’. On 4 April, a reporting meeting was held at the Central Building of the Oil and Gas Complex, at which the fulfilment of the tasks set by the President of Turkmenistan, Serdar Berdimuhamedov, was discussed, as well as the implementation of major energy projects. Deputy Chairman of the Cabinet of Ministers Guvanch Agajanov noted that the modernisation of the industry’s production base and the introduction of modern technologies are continuing. One of the key decisions was to authorise the State Concern ‘Türkmengaz’ to conclude a contract with the Chinese company ‘CNPC Amudarya Petroleum Company Ltd.’ for the construction of facilities for the fourth phase of development of the ‘Galkynysh’ field. The project involves the creation of facilities to process 10 billion cubic metres of gas per year and the drilling of production wells. During the meeting, heads of relevant departments reported on oil and gas production, growth in export figures, the drilling of exploration wells and work to expand the resource base. Particular attention was paid to the development of the ‘Galkynysh’ field, the construction of the ‘Serhetabat–Herat’ section of the TAPI gas pipeline, and cooperation with foreign partners. Following the meeting, participants were instructed to strengthen oversight of investment projects, actively introduce innovations, and ensure preparations for an international conference marking the 20th anniversary of strategic cooperation between Turkmenistan and China in the gas sector.
Turkmenistan and Uzbekistan are keen to expand their transport partnership
04.04.2026Batyr Annayev, Deputy Chairman of the Cabinet of Ministers of Turkmenistan, held a meeting with Ravshanbek Alimov, Ambassador of Uzbekistan to Turkmenistan. This was reported by the online publication ‘Business Turkmenistan’. The parties discussed the current state and prospects of bilateral cooperation in the fields of transport, logistics and communications. They noted the positive momentum in the development of trade and economic cooperation between Turkmenistan and Uzbekistan in recent years. During the negotiations, particular attention was paid to issues concerning the modernisation of transport infrastructure, as well as the creation of more favourable conditions for freight transport. The interlocutors emphasised that the further expansion of the Turkmen-Uzbek partnership in the transport, transit, logistics and communications sectors would contribute to strengthening bilateral ties and improving the efficiency of regional transport routes.
Turkmenistan’s GDP is showing consistent growth
04.04.2026Turkmenistan’s GDP growth rate for January–March stood at 6.3%. This was announced on 3 April by the Deputy Chairman of the Cabinet of Ministers, H. Geldimyradov, at a government meeting, according to TDH. Growth in industry stood at 2.4%, in construction at 6%, in the transport and communications sector at 10.3%, in trade at 8.3%, in agriculture at 2.4%, and in the services sector at 8.3%. The volume of output increased by 10.4% compared with the same period last year. Retail turnover rose by 10.4%, and foreign trade turnover by 3.7%. Budget execution for the first quarter: revenue – 102.3%, expenditure – 97.2%. Salaries, pensions, benefits and student grants were paid on time in state institutions. Capital investment from all sources of funding increased by 5.3%. Implementation of the National Rural Programme continued, including the construction of facilities for various purposes. The President of Turkmenistan, Serdar Berdimuhamedov, emphasised the need to improve the functioning of the economic, financial and banking sectors and instructed the Deputy Prime Minister to monitor GDP growth and the rational use of budget funds.
Representatives from Turkmenistan discussed the CIS’s economic agenda
04.04.2026On 3 April, a delegation from Turkmenistan, led by Perhat Yagshyev, Deputy Minister of Finance and Economy, took part in the 109th meeting of the Economic Council of the Commonwealth of Independent States, which was held in Moscow. This was reported by the Foreign Affairs Ministry of Turkmenistan. The participants discussed topical issues of economic cooperation among CIS countries and exchanged views on key areas of collaboration. A number of draft documents were also considered. The next meeting of the CIS Economic Council is scheduled for June 2026 in Moscow.
Turkmenistan is represented at the Kazan Energy Forum
04.04.2026The Kazan International Energy Forum ‘EnergoProm-2026’ is taking place in Kazan from 1 to 3 April. The Turkmen delegation is led by Annageldi Saparov, Minister of Energy of Turkmenistan. This was reported by the press service of the Ministry of Foreign Affairs of Turkmenistan. The forum, which is taking place at “Kazan EXPO”, is attended by energy ministers from CIS countries, representatives of relevant government departments, heads of major energy companies and equipment manufacturers. At the specialised exhibition, more than 100 companies are showcasing modern solutions, including gas turbines and the latest electrical equipment. Discussions are taking place on joint projects, technology exchange and the creation of a sustainable energy sector, which contributes to the strengthening of economic ties. Turkmenistan continues to modernise and diversify its economy through the introduction of advanced technologies and cooperation with foreign partners. Modern gas turbine power stations, high-voltage lines and distribution substations have been built in the country. As part of the forum, a meeting of the CIS Electricity Council was held, dedicated to the coordination of energy systems, the development of the fuel and energy sector, digitalisation and improving the reliability of infrastructure. On 2 April, the Minister of Energy of Turkmenistan met with the Minister of Energy of the Russian Federation, Sergey Tsivilev. The parties discussed the prospects for Turkmen-Russian cooperation, the modernisation of power systems and the introduction of advanced technologies, including renewable energy.
Digital finance and investment will be discussed at ‘FinFest Turkmenistan 2026’ in Ashgabat
04.04.2026Ashgabat will host the second Financial Services Festival, ‘FinFest Turkmenistan 2026’, on 18 April. The event will bring together bankers, representatives of financial and IT companies, experts and entrepreneurs, according to the news agency Orient. The festival will take place at the ‘Arkaç’ Business Centre and will serve as a platform for discussing key issues in the development of the financial market. The programme includes panel discussions on digital finance, the banking sector, investment and ESG, as well as a financial fair featuring company product presentations and the opportunity to seek expert advice. Particular attention will be paid to networking, developing partnerships and improving financial literacy through interactive zones. The organisers emphasise that ‘FinFest Turkmenistan’ serves as a platform for professional development and the promotion of financial literacy among entrepreneurs, specialists and students.
The drilling divisions of the ‘Türkmennebit’ State Concern have exceeded their targets
04.04.2026The ‘Burnebitgazhyzmat’ department of the ‘Nebitgazburawlaýyş’ trust, part of the ‘Türkmennebit’ State Concern, is achieving strong production results. In the first two months of the year, the enterprise carried out work worth approximately 1,503,000 manats. This was reported by the online newspaper ‘Nebit-gaz’. The department supplies the trust’s drilling units with the necessary materials and equipment. Since the start of the year, the ‘Nebitdag’, ‘Goturdepe’, ‘Korpeje’ and ‘Ekerem’ have carried out 19,610 metres of drilling work against a target of 11,300 metres, which amounts to 173.5% of the planned volume. The work involves the use of mobile and truck-mounted cranes, as well as heavy-duty lorries. Particular attention is being paid to the restoration and inspection of drill pipes: they are being cleaned, reprocessed and technically inspected using the ‘ASW-1050’ and ‘ASW-700’ units. In addition, the bentonite production unit plans to produce 6,500 tonnes of product this year.
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