The Korpeje Drilling Department of the State Concern Türkmennebit continues geological survey in Uzynada oil and gas field. The well of more than 7,000 meters in depth has been drilled at perspective territory and casing running is carried out at the moment for further development of natural deposits. Results of work of drilling team will be known in May.  One well, which was drilled to the depth of 7,150 meters, is already under operation at the field with proposed big reserves of hydrocarbo...

Less than a month left until X International Gas Congress, which would bring together key players of global energy market in Avaza National tourist zone on Caspian Coast. Preparation to this important event, which forms up the base for further decisions, search for new investment capabilities and ways of reformation of this strategic sphere, is well under way.  The President of Turkmenistan focuses the attention of top management of fuel and energy complex on the importance of business profil...

On the 19th of April 2019, a trilateral meeting on energy cooperation between Turkmenistan, Azerbaijan and Turkey was held in Istanbul. At the meeting, Turkmenistan was represented by Shahym Abdrahmanov, Chairman of the State Corporation “Turkmengeologiya,” Azerbaijan was represented by the Minister of Energy Parviz Shahbazov, while Turkey was represented by the Minister of Energy and Natural Resources Fatih Donmez. During the meeting, the issues related to the current state and perspectiv...

The state visit of the President of the Republic of Korea Moon Jae-in to Turkmenistan has started on the 16th of April 2019, in the framework of his tour of the Central Asian countries.   On April 17, 2019, after the official meeting ceremony and photographing in front of the state flags of Turkmenistan and the Republic of Korea, the President of Turkmenistan Gurbanguly Berdimuhamedov invited the President of the Republic of Korea Moon Jae-in to the “Oguzhan” Presidential Palace premises wher...

During the period of April 15-20, 2019, the external policy Agenda of Turkmenistan will be highly occupied.  One of the main events of the week will be the state visit of the President of the Republic of Korea Moon Jae-in to Turkmenistan.  During the visit, the high-level meetings will be held, as well as the substantial package of documents related to the political-diplomatic, trade-economic and cultural-humanitarian sphere will be signed.    Also this week, a number of events dedicated t...

Outcomes of the first quarter demonstrate that the economy of Turkmenistan is steadily developed. The growth rates of the GDP remains on 6.2 percent level from the beginning of the year. Comparing with the same period of the last year, volumes of export of local good have grown by 20.7 percent while import reduced almost by 27 percent. Volumes of production of various items have increased comparing with the same period of the last year. Positive dynamics of production of confectionary and...

On March 26 - April 9, the IMF mission, led by Natalia Tamirisa visited Ashgabat to assess the development of the macroeconomic and financial situation, discuss the priorities of the economic policy of Turkmenistan, as well as global economic challenges. In frames of the visit, the representatives of this largest structure held a number of meetings with senior officials of government administration bodies, the representatives of business circles, financial sector and diplomats, during which t...