Economy
Turkmen delegation studied best practices in energy-efficient refrigeration equipment
21.06.2025On 18 June, an international conference dedicated to the transition to energy-efficient refrigeration systems using environmentally friendly refrigerants concluded in Mytishchi, near Moscow. A Turkmen delegation, including representatives of key ministries, scientific institutions and private companies, took an active part in the event. This was reported by the online publication ‘Turkmenistan: Golden age’. During the conference, experts from Russia and Belarus shared their experience in introducing natural refrigerants that comply with the requirements of the Montreal Protocol and the Kigali Amendment. UNIDO experts presented best practices for the transition to climate-neutral technologies. Turkmen participants familiarised themselves with Russian regulatory documents and methodological recommendations in this area. The conference programme included practical excursions to production facilities where modern environmentally friendly solutions are already being applied. The event concluded with training in safety techniques for working with natural refrigerants and the presentation of certificates to participants.
The first freight train from Jinhua will transit through Turkmenistan
20.06.2025The first freight train from the Chinese city of Jinhua (Zhejiang Province) departed for the Turkmen port of Turkmenbashy, marking the start of a new route within the Trans-Caspian International Transport Corridor. This was reported by the online publication ‘Business Turkmenistan’. The train, consisting of 100 standard containers with clothing, accessories, metal products and other goods, will cross the border at the Khorgos checkpoint, pass through Almaty, Tashkent and Ashgabat, and end its journey in Turkmenistan. The cargo will then be delivered by sea to the port of Baku on the Caspian Sea. The new route is aimed at reducing the load on the Kazakh port of Aktau and speeding up logistics between China, Central Asian countries and Central and Eastern Europe.
Astrakhan companies intend to enter the Turkmen market
20.06.2025The Astrakhan delegation handed over to Turkmenistan a list of companies interested in entering the local market. Issues of expanding cooperation were discussed at a meeting of the intergovernmental commission of the Russian Federation and Turkmenistan, held within the framework of the St. Petersburg International Economic Forum. This was reported by the online publication ‘Business Turkmenistan’. The meeting was attended by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Nokerguly Atagulyev, Governor of the Astrakhan Region Igor Babushkin and Deputy Prime Minister of the Government of the Russian Federation Marat Khusnullin. The parties discussed the growth of trade and joint projects. In 2024, trade between the Astrakhan Region and Turkmenistan increased by 15%. Food products and grain make up the bulk of exports from Russia, while textiles are the main export from Turkmenistan. Special attention was paid to the transport sector. Igor Babushkin, Governor of the Astrakhan Region, proposed launching regular shipping between the ports of Astrakhan and Turkmenbashy and creating a Turkmenistan logistics centre in the region. He emphasised that the region's infrastructure allows it to handle any type of vessel and cargo, making it an important hub for bilateral trade.
Chairman of the State Concern ‘Turkmengaz’ held a meeting with the Secretary General of the GECF
20.06.2025On 18 June, a meeting between GECF Secretary General Mohamed Hamel and State Minister, Chairman of the State Concern ‘Turkmengaz’ Maksat Babayev took place at the headquarters of the Gas Exporting Countries Forum in Doha. This was reported by the news agency Orient. M. Hamel thanked Turkmenistan for its active participation in the Forum and noted its key role in the creation of the GECF. He emphasised the strategic importance of Turkmenistan as one of the largest gas reserves holders and highlighted the ‘Galkynysh’ and TAPI projects as the basis for increasing production to 150 billion cubic metres by the middle of the century. M. Babayev, in turn, informed about plans to modernise the gas industry and introduce AI and machine learning to improve the efficiency and environmental friendliness of production. He also reported on the preparation of digital and ‘green’ programmes in the energy sector. At the end of the meeting, the parties confirmed their commitment to deepening cooperation, and Turkmenistan invited the GECF to the OGT-2025 conference, which will be held in Ashgabat in October.
Turkmenistan and Russia discussed expanding economic cooperation at the SPIEF
20.06.2025As part of the St. Petersburg International Economic Forum, talks were held between the Deputy Prime Ministers of Turkmenistan and Russia, Nokerguly Atagulyev and Marat Husnullin. The Russian representative noted the dynamic growth in trade between the countries, which increased by 21.4% in the first quarter of 2025, and confirmed the development of a joint action plan for 2025-2027. This was reported by the Ministry of Foreign Affairs of Turkmenistan. During the talks, attention was paid to the development of transport corridors, including routes through Turkmenistan to China, the implementation of infrastructure projects (the Volga-Caspian Canal, the ‘Eastern Bypass of the Caspian Sea’), deepening cooperation in energy, industry and agriculture, and expanding cultural exchanges and educational programmes. The parties noted the significance of the participation of the National Leader of the Turkmen people, Gurbanguly Berdimuhamedov, in the recent KazanForum, which underscores the special level of inter-state relations. The interlocutors confirmed their intention to develop a strategic partnership based on mutual trust and common interests.
Turkmenistan and Afghanistan develop transport partnership
20.06.2025On 18 June, Turkmenistan's Ambassador Extraordinary and Plenipotentiary to Afghanistan, Hoja Ovezov, met with Afghanistan's Acting Minister of Transport and Civil Aviation, Mawlawi Hamidullah Akhundzada. This was reported by the online resource TerraNews. According to the source, during the talks, the Afghan side expressed its readiness to intensify cooperation, noting the favourable conditions for increasing cargo traffic. Among the topics discussed was the simplification of visa procedures for Afghan drivers, which should contribute to the development of road transport. The Turkmen ambassador confirmed his country's interest in deepening the partnership, especially in the areas of logistics and trade.
Preparations for construction of fertilizer plant begin in Turkmenistan
18.06.2025Preparatory work is underway at the Turkmenabat Chemical Plant for the start of construction of a new production complex. This was reported by the news resource Turkmenportal with reference to the newspaper ‘Turkmenistan’. According to a Decree signed by the President of Turkmenistan, the construction of the facility has been entrusted to the South Korean company Daewoo Engineering & Construction Co., Ltd. The new complex will be designed to produce 350,000 tonnes of superphosphate and 100,000 tonnes of ammonium sulphate annually. Foundation work is being carried out in cooperation with Korean engineers and specialists. In addition, the Turkmenabat Chemical Plant continues to actively supply the country's agricultural sector with fertilisers this year. Since the beginning of the year, it has produced about 11,300 tonnes of mineral fertilisers, including 5,200 tonnes of nitrogen and over 6,000 tonnes of phosphorus.
Deals worth over $17 million were concluded on the Turkmenistan Stock Exchange
18.06.2025On 17 June, 13 deals worth a total of US$17.399 million and 6.5 million manats were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan. This was reported by the press service of the SCRMET. Among the largest participants in the foreign market were entrepreneurs from Afghanistan and the United Arab Emirates, who signed contracts with the State-owned Concerns ‘Türkmengaz’ and ‘Türkmenhimiýa’ for the supply of liquefied gas. Businessmen from Uzbekistan also purchased Portland cement of the brand ‘CEM I 32.5 H/ CEM II A-I 32.5 H’ from their Turkmen partners. On the domestic market, local entrepreneurs signed a contract with the State Concern ‘Türkmennebit’ for the purchase of road bitumen of the ‘BND 60/90’ brand. Auctions on the SCRMET continue to show activity among both foreign and local participants, confirming sustained interest in Turkmenistan's key export and production goods.
Businessmen from Afghanistan and the United States purchased liquefied gas on the Turkmenistan exchange
17.06.2025At the State Commodity and Raw Materials Exchange of Turkmenistan on 16 June, representatives of business circles from Afghanistan and the United States agreed on deals with state-owned companies of Turkmenistan. This was reported by the website of the State Commodity and Raw Materials Exchange of Turkmenistan. According to the source, foreign entrepreneurs purchased liquefied gas from the state-owned companies ‘Türkmennebit’, ‘Türkmengaz’ and ‘Türkmenhimiýa’. In addition, Turkmen businessmen purchased ‘BND 60/90’ road bitumen from the State Concern ‘Türkmennebit’, technical carbon of the ‘Y-354’ brand from the State Concern ‘Türkmenhimiýa’, cotton lint from the State Concern ‘Türkmenpagta’, and also concluded a deal with the Ministry of Textile Industry for the purchase of textile products. The total value of the 19 deals signed during the tender was around 14 million 942 thousand US dollars and over 33 million 408 thousand manat.
The Turkmenbashi Denim Complex demonstrated the successes of the Turkmen textile industry
17.06.2025At the international exhibition ‘TurkmenTextile Expo – 2025’, the Turkmenbashi Denim Complex vividly demonstrated its achievements, confirming its status as the flagship of the country's textile industry. The company presented new collections made from 100% natural cotton, which aroused keen interest among visitors to the exhibition. This was reported by the online publication ‘Turkmenistan: Golden age’. Since its foundation in 1995, the complex has achieved significant success in the international market. Today, its products are exported to the United States, European countries and neighbouring countries, and its partners include such well-known brands as ‘FunDay’, ‘Colins’ and ‘LC Waikiki’. In the past, the company also fulfilled orders for ‘Levi's’ and ‘Tommy Hilfiger’ and manufactured products under licence for ‘Zara’, ‘Wrangler’ and other global brands. The complex has a full production cycle, from spinning mills to sewing factories equipped with modern European equipment. The wide range includes fashionable clothing for the whole family and accessories, which can be purchased in ‘Altyn Asyr’ stores under the national brand ‘Bedew’.
Lebap velayat strengthens sustainable development of Turkmenistan's economy
16.06.2025The land of Turkmenistan has significant reserves of natural resources, the key ones being oil and natural gas. Their extraction, processing and sale on domestic and international markets require a high level of professionalism and considerable effort. The ‘Lebapgazçykaryş’ department plays a significant role in this area, according to the news resource AsmanNews. From January to May this year, the company produced almost 4 billion cubic metres of natural gas. This ensured stable energy supplies to consumers, including China. Exports are carried out via the Turkmenistan-China transnational pipeline, an important link in which is the Malay-Bagtyyarlyk trunk line. During the reporting period, over 2.2 billion cubic metres of gas were transported through it, which is 160.9% of the planned volume. Employees of the gas compressor complex at the Malay field made a significant contribution to the results achieved. The increase in production volumes was made possible by the efficient operation of the production infrastructure, major repairs to equipment and the drilling of new wells. Since the beginning of the year, more than 14.2 thousand tonnes of gas condensate have been produced, which is 10% higher than planned. This valuable raw material is sent for processing into high-quality petroleum products at the Seydi Oil Refinery. At the same time, work is underway to expand the resource base. Geological exploration activities carried out by specialists from the ‘Lebapnebitgazgözleg’ expedition are contributing to the discovery of new promising sites. In particular, commercial gas flows have been recorded at the Tachmyradov and Chartak sites. Recently, drillers led by Aganiyaz Akiyev successfully developed a new productive well at the North Gazlydepe field with a daily output of over 400,000 cubic metres of gas and a significant volume of condensate.
Industrial natural gas flow recorded at the ‘Galkynysh’ field
16.06.2025The ‘Galkynysh’ gas field, one of the largest in Turkmenistan, has received another industrial flow of natural gas with a daily output of 2.24 million cubic metres. This was reported by the newspaper ‘Neutral Turkmenistan’, according to Turkmenportal. Well No. 264, drilled to a depth of over 4,000 metres, was constructed by ‘Türkmengazburawlaýyş’ on behalf of ‘Marygazçykaryş’ as part of the field development project being implemented by the ‘Turkmengas’ State Concern. The gas-bearing layer was discovered at a depth of 3,852 to 4,011 metres. According to experts, the commissioning of the new well will strengthen the production capacity of the country's fuel and energy sector.
Read also
Advertising
Read us in Zen
