Increasing the production of natural gas, Turkmenistan&rsquo;s primary wealth, requires the continuous replenishment of its reserves. Geologists and explorers from the &quot;Lebapnebitgazg&ouml;zleg&quot; expedition of the State Corporation &quot;Turkmengeology&quot; play a vital role in this effort, conducting active geological exploration and drilling operations across various regions of the country.

One of the most significant sites is Northern Gazlydepe, where drilling operations are being successfully carried out. Recently, the development of Well No. 3, with a projected depth of approximately 3,300 meters, was completed. The objective is to determine the volume of natural resources in this area. Earlier, Well No. 1 at this site yielded an industrial inflow of natural gas, confirming the region&rsquo;s promising potential.

The successful execution of these complex tasks has been made possible thanks to the active support of the Turkmenistan Government, which invests in developing the industry&rsquo;s material and technical base, providing geologists with high-quality equipment and creating comfortable working and living conditions for specialists.

"Lebapnebitgazgözleg" Contributes to Increasing Natural Gas Production in Turkmenistan

The International Conference &ldquo;International Year of Peace and Trust: the Role of Interregional Economic Cooperation in Ensuring Sustainable Development&rdquo; will be held in the capital of Turkmenistan on March 19. This was announced by the Minister of Foreign Affairs of Turkmenistan Rashid Meredov during a briefing held on March 10 in the building of the Ministry of Foreign Affairs.

Representatives of government agencies, international organizations and financial institutions, as well as company executives have been invited to participate in the upcoming conference.

It is planned that the work of this forum will focus on such topics as the geopolitical and geo-economic significance of energy, transport and infrastructure projects in Central and South Asia; the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline: economic, organizational and legal issues; the role and significance of the construction of the TAP power transmission line; transport interconnectivity of regions, as well as the participation of financial institutions in the implementation of economic projects in Central and South Asia.

As reported, the TAPI gas pipeline is a major transcontinental energy project designed to provide gas to countries with a population of almost two billion people. And the upcoming conference will create a platform for exchanging opinions among executives and experts from energy companies, banks and consulting firms.

The briefing at the Ministry of Foreign Affairs was dedicated to the upcoming international events held by the Government of Turkmenistan jointly with international organizations to mark the announcement of 2025 as the &quot;International Year of Peace and Trust&quot; and the 30th anniversary of Turkmenistan&#39;s permanent neutrality.

The briefing was attended by heads and employees of diplomatic missions and representative offices of international organizations accredited in Turkmenistan, representatives of domestic and foreign media.

Source: Electronic newspaper &quot;Nebit-gaz&quot;

At the international conference to be held in Ashgabat, the future and development of the fuel and energy sector will be discussed

Last week, 23 deals were registered at the trades of the State Commodity and Raw Materials Exchange of Turkmenistan.

For foreign currency, representatives of business circles from the United Arab Emirates, T&uuml;rkiye, and Afghanistan purchased base oil, aviation kerosene, and liquefied gas produced at the technological facilities of the State Concern &quot;T&uuml;rkmennebit,&quot; as well as sodium chloride, urea, ECO 93 gasoline produced by the State Concern &quot;T&uuml;rkmenhimi&yacute;a,&quot; and residual oil waste.

In addition, licorice roots and rhizomes, assorted terry cloth products, denim fabric, cotton yarn, and a tea beverage with licorice root were sold for foreign currency. The purchasing countries included Germany, Serbia, Kyrgyzstan, and Ukraine. The total value of the deals exceeded 29 million 355 thousand US dollars.

For the domestic market, Turkmen entrepreneurs purchased thick licorice root extract worth 4 million 200 thousand manats.

Source: State News Agency of Turkmenistan

23 deals were registered at the stock exchange trades

The International Forum to Attract Foreign Investments in Turkmenistan&rsquo;s Economy (TEIF 2025), scheduled to take place on 23-24 April this year, is attracting growing attention from representatives and leaders of major international organisations and intergovernmental bodies.

Among the confirmed speakers at the conference are Armida Salsiah Alisjahbana, Executive Secretary of the United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP), Haitham Al Ghais, Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Atsuko Hirose, Secretary General of the Energy Charter, Val&eacute;rie Ducrot, Executive Director of the Global Gas Centre (GGC), and other distinguished figures. The confirmed participation of such high-profile speakers highlights the significant potential of the forthcoming event. Hosting the forum in Kuala Lumpur, a rapidly developing economic hub in Southeast Asia, will provide a constructive platform for discussions focused on attracting investment from the region into Turkmenistan&rsquo;s economy.

TEIF 2025, dedicated to the development of the energy sector and the attraction of investment in Turkmenistan, has also received support from global energy companies operating in the country. Petronas has joined as the Premier Partner, reaffirming its commitment to advancing the energy sector in both Turkmenistan and Malaysia. The China National Petroleum Corporation (CNPC), which has been implementing large-scale oil and gas projects in Turkmenistan for decades, has become a Platinum Partner of the forum. Meanwhile, South Korea&rsquo;s Hyundai Engineering Ltd., with extensive experience across various sectors of Turkmenistan&rsquo;s economy, has taken on the role of Silver Partner.

The increasing number of companies planning to participate underscores the sustained interest of the international business community in Turkmenistan as a promising investment destination. During TEIF 2025, participants will discuss new industry projects, sustainability issues, and prospects for international cooperation. The forum will serve as a key platform for establishing mutually beneficial partnerships based on Turkmenistan&rsquo;s investment policies and sustainable development strategy. This strengthens the confidence of international investors and opens up new opportunities in the rapidly evolving global financial and economic landscape &ndash; particularly significant in the International Year of Peace and Trust.

TEIF 2025 has also drawn the attention of leading global and regional media outlets. In addition to coverage by Turkmenistan&rsquo;s key media, the forum will receive information support from renowned industry publications such as S&amp;P Global Platts, the Malaysian Oil, Gas &amp; Energy Services Council (MOGSC), and the Society of Petroleum Engineers (SPE) Kuala Lumpur Section In addition, the forum&#39;s global media partners include NewsBase, Argus, The Edge, Interfax, Natural Gas World, TRT, Bernama, and Investor Beyond. These media outlets ensure the prompt dissemination of information about the event to the international business audience, providing in-depth reports directly from the scene and reaching a wide global readership. Undoubtedly, the collaboration of global experts and oil and gas companies at the forum will lead to concrete proposals, investment agreements, and significant economic decisions that will serve as valuable content for international media coverage.

The significance of TEIF 2025 not only for Turkmenistan but also for the global energy market in light of shifting dynamics was reaffirmed at recent energy forums in London. Participants of International Energy Week, organised by S&amp;P Global Platts, an intellectual partner of the event, expressed their support for the upcoming forum. In this context, it was noted that initiatives such as the International Forum on Attracting Foreign Investment in Turkmenistan&rsquo;s Economy (TEIF 2025), the International Scientific Conference (TESC 2025), and the 30th International Conference and Exhibition &ldquo;Oil and Gas of Turkmenistan&rdquo; (OGT-2025) will further strengthen international cooperation and contribute to economic prosperity through production collaboration and investment.

To date, over 130 delegates from 21 countries, representing leading public and private sector companies, international organisations, and expert communities across various economic fields, have confirmed their participation in the forum.

Registration for the event remains open until 15 April 2025. More detailed information about the forum can be found on the official website of TEIF 2025.

Source: <a href="https://www.turkmenistan.gov.tm/en/post/92663/teif-2025-global-partnership-investment-and-development">&laquo;Turkmenistan: Golden age&raquo;</a>

TEIF 2025: Global partnership, investment, and development

OPEC will make a significant contribution to the International Forum on Attracting Foreign Investments to Turkmenistan&#39;s Economy (TEIF 2025), which will be held on April 23-24 in Kuala Lumpur, Malaysia.

According to the organizers of the upcoming forum, OPEC Secretary General Haitham Al-Ghais will participate. He will deliver an important address on the future of the global energy agenda.

The participation of the OPEC leader highlights global recognition of Turkmenistan&#39;s vital role in the international energy landscape.

Al-Ghais&#39;s speech, which will be presented at the plenary session, will provide participants with valuable insights into the current and future state of global oil and gas markets. His address will focus on key trends, strategic forecasts, and OPEC&#39;s outlook on the evolving energy sector.

This contribution is particularly important for TEIF 2025, as it emphasizes the growing significance of Turkmenistan as a player in the energy sector.

Al-Ghais&#39;s views will offer a unique perspective on investment opportunities in Turkmenistan&#39;s energy sector, providing crucial context for potential investors. It is expected that his speech will cover topics such as market stability, future energy demand, and the importance of international cooperation in the energy industry.

With the participation of such a prominent figure, TEIF 2025 strengthens its position as a key platform for fostering international energy partnerships.

The main organizers of the TEIF 2025 Forum are the state concerns &quot;Turkmengaz&quot; and &quot;Turkmennebit,&quot; the Chamber of Commerce and Industry of Turkmenistan in partnership with the Economic Society &quot;Turkmen Energy Forum.&quot;

Source: &quot;Nebit-Gaz&quot; newspaper

The Secretary General of OPEC is expected to speak at the TEIF 2025 International Forum

For foreign currency, business representatives from Turkey and Afghanistan purchased liquefied gas and jet fuel produced at the technological facilities of the State Concern &quot;T&uuml;rkmennebit.&quot;

In addition, Portland cement, as well as cotton yarn, a variety of bed linen, and denim products were sold for foreign currency. The buyer countries included the UAE, Turkey, Afghanistan, and Kyrgyzstan. The total amount of transactions exceeded 10 million 274 thousand USD.

For the domestic market, local entrepreneurs purchased licorice root tea and cotton waste. The total amount of transactions exceeded 724 thousand manats.

Source: State News Agency of Turkmenistan

The products manufactured at the enterprises of the State Concern "Türkmennebit" are in high demand

Representatives from Turkmen Energy Forum (TEF) recently participated in the &ldquo;Platts London Energy Forum 2025&rdquo; and &ldquo;London Energy Week&rdquo;, held in London from February 24th to 27th. The central theme of the &ldquo;Platts London Energy Forum 2025&rdquo;, organised by S&amp;P Global Platts, was the ongoing analysis of energy markets and the integration of traditional energy sources with the energy of the future. Innovative ideas, networking opportunities, pressing issues, and emerging trends shaping the future energy landscape were all subjects of discussion.

The capital of Albion, defied meteorological forecasts, greeting forum delegates with an unclouded, sunny morning &ndash; considered an auspicious start for such a significant event. The forum, hosted at the luxurious Westminster Park Plaza Hotel in central London, brought together over 500 delegates representing 200 companies from 40 nations. Sessions throughout the event addressed critical issues in global energy, including fossil fuel consumption across Europe, Asia and North America; decarbonisation and its associated political, economic and technological challenges; and the mounting pressure on global energy firms to transition towards cleaner energy sources.

Turkmenistan&#39;s oil and gas sector was also a key area of interest for attendees. Notably, the session entitled &ldquo;Global Gas in the European Context: Market Prospects This Year and Next&rdquo; featured active discussions on the commencement of Turkmen gas swap deliveries to Turkey, and the construction of the transnational Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. Vibrant panel discussions were also held within sessions focusing on topical themes such as: &ldquo;Global Energy and Political Landscape&rdquo;, &ldquo;Unlocking Net Zero Potential&rdquo;, &ldquo;Global Energy: Trends and Priorities&rdquo;, and &ldquo;Challenges and Opportunities in the Renewable Energy Market&rdquo;.

A notable trend at this year&#39;s Forum was the active integration of Artificial Intelligence within the oil and gas sector. Presentations highlighted AI&#39;s increasing role across the industry, from geological exploration and extraction to the subsequent sale of hydrocarbons.

Speakers also observed a shift in emphasis compared to the previous year&#39;s forum. While renewable energy sources and the phasing out of hydrocarbons were the primary focus in the past, this year&#39;s presentations leaned towards the proactive utilisation of natural gas. Natural gas was repeatedly championed for its environmental credentials and its role as a crucial fuel in the ongoing energy transition. A recurring theme was the importance of transitioning from high-emission fuels such as coal and oil to natural gas, particularly in power generation, to reduce air pollution and greenhouse gas emissions.

Experts from S&amp;P Platts estimate that Turkmenistan&#39;s annual gas exports of 30 billion cubic metres to China are equivalent to displacing 60 million tonnes of coal. This figure was presented as compelling evidence of Turkmenistan&#39;s contribution to reducing air pollution, greenhouse gas emissions, and improving regional climate conditions.

Speakers at the session &ldquo;Unlocking Net Zero Potential&rdquo; concurred that, despite the growing share of renewable energy, natural gas currently presents an economically sound solution to supply disruptions. It is seen as a suitable alternative from both an environmental and technological perspective across the entire energy value chain. In this context, Turkmenistan, possessing the world&#39;s fourth-largest natural gas reserves, has a significant offering for international investors. This ranges from the development of &quot;Galkynysh&quot;, the world&#39;s largest onshore gas field, to the country&#39;s favourable climatic conditions for the efficient development of solar and wind power.

Forum delegates were also invited to the upcoming Turkmenistan Investment Forum (TEIF 2025), scheduled to take place in Kuala Lumpur, Malaysia, from April 23rd to 25th. The forum&#39;s programme was outlined, and key investment projects to be presented to investors were announced.

The Turkmenistan Investment Forum (TEIF 2025) in Kuala Lumpur will showcase key investment projects, including:

<ul>
	<li>
	Further phases of development at the Galkynysh gas field.
	</li>
	<li>
	Participation in the development of offshore blocks in the Turkmen sector of the Caspian Sea.
	</li>
	<li>
	Optimisation of oil and gas production at mature fields.
	</li>
	<li>
	Chemical processing of oil and gas.
	</li>
	<li>
	Construction of underground gas storage facilities.
	</li>
	<li>
	EPC contracts for major industrial projects.
	</li>
</ul>

Discussions with S&amp;P Global Platts CEO, Craig Powers, centred on securing leading company experts, based in their Singapore office, to moderate sessions at TEIF 2025. Their extensive experience, knowledge of global energy markets, and client network are expected to attract new companies from Southeast Asia interested in investing in Turkmenistan&#39;s oil and gas sector. Both parties also discussed a series of technical training sessions for Turkmen oil and gas specialists. These sessions, led by S&amp;P Global Platts experts and planned for upcoming conferences and forums in Ashgabat, will cover topics such as &quot;Global Energy Market Pricing Trends&quot;, &ldquo;Fundamentals of Kingdom Software for Seismic/Geological Data Interpretation&rdquo;, and &ldquo;Modern AI Applications in the Oil and Gas Industry&rdquo;.

TEF representatives also actively participated in London Energy Week, organised by the Energy Institute of Great Britain at the Queen Elizabeth II Centre from February 25th-27th, bringing together over 1,500 delegates from 50 nations. This forum, alongside ADIPEC in Abu Dhabi, Gas Tech in Milan, and CERAWEEK in Houston, stands as a pivotal global event in the energy sector. It is noteworthy that numerous London Energy Week delegates are active participants in the annual &quot;Oil and Gas Turkmenistan (OGT)&quot; conference and exhibition in Ashgabat. They consistently commend the high organisational standards of OGT and eagerly anticipate OGT 2025, which this year marks its 30th anniversary.

Key themes at the London Energy Week forum encompassed issues such as: &quot;Managing the Global Energy Transition&quot;, &quot;Consequences of Entering the Age of Electricity&quot;, &quot;Global Energy, Trends and Priorities&quot;, &quot;Challenges and Opportunities in the Renewable Energy Market&quot;, and &quot;Decarbonising Oil and Gas at Speed and Scale&quot;.

Turkmenistan&#39;s positive track record in methane emissions reduction was a focal point during decarbonisation panel discussions. The country&#39;s success in reducing methane emissions at the Chaljulba (Darvaza) field was specifically highlighted. Furthermore, following a meeting between TEF representatives, the CEO of Capterio (a company specialising in satellite emissions monitoring), and Will Dalrymple, Senior Editor of the respected journal &ldquo;New Energy World&rdquo; (UK), an agreement was reached to prepare a scientific article with updated data on Darvaza, incorporating the new well drilled near the crater by &ldquo;Turkmengas&rdquo; specialists. Both experts have been invited to the upcoming scientific-practical conference: &ldquo;Environmental Aspects of Hydrocarbon Field Development (TESC 2025)&rdquo;, to be held in Ashgabat on June 5th, World Environment Day. This forum aims to illuminate critical issues related to methane reduction and environmental considerations in oil and gas extraction and processing. Despite being initiated only two years ago, the TESC scientific conference has rapidly become a global event, uniting technical experts from leading global companies, academia, and representatives from international organisations and financial institutions. Significantly, this year the esteemed Society of Petroleum Engineers (SPE), representing over 120,000 oil and gas professionals and students worldwide, will serve as TESC&#39;s intellectual partner, hosting several parallel technical sessions on optimising hydrocarbon production from reservoirs with challenging reserves.

In summation, the Turkmen Energy Forum delegation&#39;s visit to London highlights the deep integration of Turkmenistan&#39;s oil and gas sector within contemporary global energy dynamics. The thematic focus of these major London-based energy fora &ndash; namely, ensuring global demand for clean and accessible energy and the reduction of greenhouse gas emissions &ndash; mirrors key discussion points that have become increasingly prominent within Turkmenistan itself for several years.

Decarbonisation is demonstrably playing a crucial role in current energy transformations. Its significance is driven by the urgent need to combat climate change, the global shift towards clean energy sources, the imperative of economic modernisation, and adherence to international commitments &ndash; including those stemming from the Global Methane Pledge, which Turkmenistan joined in December 2023.

Source: <a href="https://www.turkmenistan.gov.tm/en/post/92473/turkmenistan-showcases-key-energy-events-london-energy-forum">&quot;Turkmenistan: Golden Age&quot;</a>

The achievements of Turkmenistan in the oil and gas industry were presented at international energy forums held in London

Increasing the production of natural gas, one of the country&rsquo;s most valuable resources, requires the continuous replenishment of its reserves. In this significant process, the specialists of the &quot;Lebapnebitgazgozleg&quot; expedition of the State Corporation &quot;T&uuml;rkmengeologi&yacute;a&quot; play an effective role by carrying out extensive exploration and drilling operations across various regions of the country. One of the promising sites is Northern Gazlydepe, where active work is currently underway.

Under the leadership of drilling master Aganyaz Akiyev, the drilling team successfully completed the drilling of Well No. 3.

<blockquote>
&mdash; The projected depth of the drilled well is 3,300 meters. The objective of our work is to determine the resource reserves at this site. Previously, an industrial flow of natural gas was obtained from Well No. 1, which was drilled in this area. At present, we are engaged in the development of the new well. Initial forecasts give us strong confidence in the successful completion of our exploration efforts, &mdash; noted Aganyaz Akiyev, the drilling master.
</blockquote>

Experienced specialists of the expedition, confidently advancing into the depths of the earth, successfully discover new deposits, making a significant contribution to the country&#39;s development. The members of the aforementioned drilling team have played a key role in achieving these successes. Through the coordinated operation of high-powered drilling equipment, they have achieved major labor victories. A significant contribution to this success was made by experienced drillers Durdy Ilmyradov, Saparbay Matkurbanov, drilling assistant Ashyr Muhadov, and motorist Merdan Orazgeldiyev. Their professionalism and responsible approach to work receive wide recognition among their colleagues, contributing to the dynamic progress of the operations.

Geological specialists proudly highlight the comprehensive support provided by the President of Turkmenistan to enhance the efficiency of their work. This is no surprise, as the Head of State pays close attention to strengthening the material and technical base of the industry. As a result, all sectoral divisions are systematically equipped with high-performance and reliable drilling rigs, powerful machinery, and essential resources. Extensive support plays a crucial role in advancing the activities of Lebap-based geologists. Additionally, measures are taken to ensure comfortable working and rest conditions for specialists. In this regard, effective cooperation has been established between the expedition&rsquo;s leadership and the primary organization of the professional union.&mdash; In the International Year of Peace and Trust, our primary goal is to make a worthy contribution to the successful implementation of strategic objectives set by the President of Turkmenistan. We have confidently stepped into this significant year, and, if destined, we will continue to discover new deposits, enriching the country&#39;s natural wealth. We will work tirelessly for the dynamic progress of our Homeland, &mdash; confidently stated Batyr Akmyradov, Head of the Geological Department of the Expedition.

<h3>Source: &quot;Nebit-Gaz&quot; Newspaper</h3>

&nbsp;

The "Lebapnebitgazgozleg" Expedition of the State Corporation "Türkmengeologiýa" Actively Conducts Exploration and Drilling Operations

A meeting organized by the State Corporation &quot;T&uuml;rkmengeologi&yacute;a&quot; took place at the Scientific Research Institute of Natural Gas of the State Concern &quot;T&uuml;rkmengaz.&quot; The seminar, titled &quot;Compliance with Occupational Safety and Technical Safety Regulations in the Institutions and Enterprises of the State Corporation &#39;T&uuml;rkmengeologi&yacute;a&#39; in 2024 and Tasks for 2025,&quot; gathered responsible employees, engineers, and specialists in occupational safety and technical security from the corporation.

The meeting, chaired by Bezirgen Berdiyev, Deputy Head of the State Corporation &quot;T&uuml;rkmengeologi&yacute;a&quot; for Drilling Operations, also featured speeches from Arslan Atalov, Deputy Chief Engineer of the corporation for Occupational Safety and Technical Security, Maksat Purchekov, State Inspector of the Department for Occupational Safety and Subsoil Protection of the State Service &quot;T&uuml;rkmenstandartlary&quot; in the Akhal Region and Ashgabat, Geldimyrat Seytiyev, Technical Inspector of the Trade Union of Workers in the Oil and Gas Industry of Turkmenistan, and other specialists.

The discussions addressed issues related to ensuring compliance with technical safety regulations in manufacturing enterprises, institutions, horticultural areas, and forestry, creating favorable working conditions for employees, including specialists working in field conditions, as well as efforts to improve occupational safety, adherence to fire safety rules, and the enhancement of collective agreements between employees and institutions. Solutions aimed at aligning with national priorities on human rights protection and integrating these solutions into collective agreements were discussed, as well as their full and proper implementation. Tasks for 2025 regarding technical safety and occupational health were defined. Additionally, reports from relevant specialists were heard. It was also instructed to present proposals to achieve high results in occupational safety and technical security.

During the period of the Renaissance of our independent country, significant work is being carried out thanks to the efforts of Hero Arkadag and Hero Arkadag Serdar to improve the living conditions of our people. Programs aimed at strengthening health, improving working conditions, and organizing leisure are major achievements that bring joy to every Turkmen, inspire pride, and motivate new labor successes.

Source: &quot;Nebit-gaz&quot; Newspaper

A meeting dedicated to important issues of the activities of the State Corporation "Türkmengeologiýa" was held in Ashgabat

From 23 to 24 April in Kuala Lumpur, the International Forum TEIF 2025 is set to take place, marking one of the most significant events for attracting foreign investment into Turkmenistan.

Organised by leading State Concerns &ldquo;Turkmengas&rdquo; and &ldquo;Turkmennebit&rdquo;, alongside the Chamber of Commerce and Industry of Turkmenistan and supported by Turkmen Energy Forum, this event provides a unique platform to discuss investment prospects across key sectors, including energy, construction, transport, and other strategic industries within Turkmenistan&rsquo;s economy.

The forum will commence with a plenary session dedicated to Turkmenistan&rsquo;s role in shaping the global energy future and promoting sustainable development. This session will underscore the nation&rsquo;s abundant resources, strategic geographical location, and steadfast commitment to peace, all of which contribute to bolstering regional stability.

During TEIF 2025, participants will have the opportunity to exchange expertise with international experts, finalise mutually beneficial agreements, and deliberate on pressing issues linked to the current year&rsquo;s designation as the International Year of Peace and Trust.

A particular focus will be on the potential of the transnational TAPI gas pipeline, which not only enhances energy security but also fosters multilateral cooperation and creates new investment opportunities. The strategic vision for developing Turkmenistan&rsquo;s energy sector &ndash; viewed as the cornerstone of energy diplomacy, regional stability, and global engagement &ndash; is set to chart the future course for cooperation in this vital field.

The concluding panel discussion will offer a forum for exploring the role of the private sector in the economic development of both Turkmenistan and Malaysia. Entrepreneurs will discuss prospects for business collaboration, identify key sectors ripe for investment, and outline strategies to bolster private sector participation in creating a sustainable economic landscape.

Previously, high-level discussions on expanding cooperation between the two nations across various sectors took place during official visit of the Esteemed of Turkmenistan Serdar Berdimuhamedov to Malaysia. The visit culminated in the signing of a joint statement that highlighted the enormous potential for economic partnership between Turkmenistan and Malaysia.

Following the success of TEIF 2023 in Dubai and TEIF 2024 in Paris, as well as the establishment of robust partnerships between &ldquo;Turkmengas&rdquo; and Abu Dhabi&rsquo;s National Oil Company (ADNOC) and strengthened links with European investors, we are confident that TEIF 2025 in Kuala Lumpur will emerge as a pivotal platform for sealing important agreements and attracting investments from Southeast Asian markets. This, in turn, will drive economic growth and further reinforce international cooperation.

The event is already attracting keen interest from leading global companies, international organisations, and financial institutions such as OPEC, the UN Economic Commission for Europe, the Global Gas Centre, the International Energy Agency, IRENA, the World Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, and the UK Export Finance Agency. Moreover, experts and senior executives from top energy companies &ndash; including Petronas, TotalEnergies, CNPC, ADNOC, and ENI &ndash; are expected to participate, underscoring the forum&rsquo;s significance on the international stage.

Source:<a href="https://www.turkmenistan.gov.tm/en/post/92302/investment-prospects-turkmenistans-economy-be-explored-teif-2025-kuala-lumpur"> &laquo;Turkmenistan: Golden age&raquo;</a>

Investment Prospects for Turkmenistan’s Economy to be Explored at TEIF 2025 in Kuala Lumpur

Last week, 27 transactions were registered on the Turkmenistan State Commodity and Raw Materials Exchange.

Representatives from the United Arab Emirates, Turkey, Afghanistan, and Uzbekistan purchased liquefied gas and aviation kerosene produced by the State Concern &quot;T&uuml;rkmennebit&quot; for foreign currency.

Additionally, portland cement and licorice root extract were sold for foreign currency to buyers from Turkey and Kazakhstan.

The total value of these transactions exceeded $30,357,000.

On the domestic market, Turkmen entrepreneurs acquired construction products, polypropylene, and base oil (from &quot;T&uuml;rkmennebit&quot;), as well as fabric and cotton waste.

The total value of these transactions amounted to over 53,817,000 manats.

Source: State Information Agency of Turkmenistan

The products of the State Concern "Türkmennebit" are in high demand

On February 21, esteemed President Serdar Berdimuhamedov held another Cabinet of Ministers meeting via videoconference. Several issues related to the life of the country were discussed during the meeting.

Deputy Chairman of the Cabinet of Ministers B. Amanov reported on the ongoing work to train specialists for the country&#39;s oil and gas sector. It was noted that in order to successfully address the tasks of diversifying the fuel and energy sector, which is an important branch of the national economy, and to implement modern technologies, necessary measures are being taken to train specialists and enhance their qualifications. In this regard, the vice-premier presented a relevant proposal for the esteemed President&#39;s consideration.

After listening to the report, the Head of State emphasized that preparing highly qualified specialists with international experience is a key task for the successful organization of the oil and gas sector&#39;s operations, and, supporting the proposed initiative, instructed the vice-premier to continue the relevant work.

Source: State Information Agency of Turkmenistan

Highly qualified specialists play an important role in the organization of the oil and gas sector's work

The departments of well overhaul of the &quot;Nebitgazd&uuml;&yacute;pliabatla&yacute;yş&quot; trust, part of the state concern &quot;T&uuml;rkmennebit&quot; in the Balkan region, play an important role in increasing the production of hydrocarbon raw materials in our homeland. In January, the Year of International Peace and Trust, the total volume of additional crude oil (&quot;black gold&quot;) extracted from the trust&rsquo;s overhauled wells, including the &quot;Goturdepe,&quot; &quot;Barsagelmez,&quot; and &quot;Gamyshlyja&quot; fields, amounted to 1,675 tons, exceeding the planned target.

Of this volume, 680 tons of oil were extracted by specialists from the well overhaul department of the &quot;Barsagelmez&quot; field. Last month, this department exceeded its planned indicators by 120%. With a strong production infrastructure, the enterprise has ample opportunities to accelerate the pace of repair work. Effectively utilizing these opportunities, the well repair specialists of &quot;Barsagelmez&quot; carried out major overhauls on 15 wells during the reporting period and successfully put them into operation.

Source: &quot;T&uuml;rkmenistan&quot; newspaper.

The volume of "black gold" extraction from wells owned by the state concern "Türkmennebit" has significantly increased

Thanks to the energy policy initiated by the National Leader of the Turkmen people, Hero Arkadag, and successfully continued under the wise leadership of the esteemed President, Arkadagly Hero Serdar, the achievements of the oil and gas sector serve as a clear testament to the growing strength of the national economy. Significant progress in implementing the objectives set forth in the National Program for the Socio-Economic Development of Turkmenistan for 2022&ndash;2052 and the President of Turkmenistan&rsquo;s Program for the Socio-Economic Development of the Country for 2022&ndash;2028 has also been made thanks to the substantial contributions of the divisions of the Nebitgazd&uuml;&yacute;pliabatla&yacute;yş Trust of the T&uuml;rkmennebit State Concern.

The efficient work of well overhaul teams, utilizing modern technical equipment, plays a crucial role in the industrial development of the region&rsquo;s oil and gas fields. The state systematically acquires the latest machinery, positively impacting the volume and quality of repair work. In December of last year, during the celebration of Oil and Gas Industry and Geology Workers&rsquo; Day, the Nebitgazd&uuml;&yacute;pliabatla&yacute;yş Trust received three modern LG C360 units equipped with flexible pump-compressor tubing. These high-tech installations, manufactured in the People&rsquo;s Republic of China, facilitate the elimination of complex malfunctions in temporarily idle wells. The advanced equipment enables the timely and high-quality execution of necessary repairs on wells awaiting major overhauls.

It is worth noting that this new equipment has supplemented the fleet of machinery previously acquired from China, the Russian Federation, the United States, and Germany, managed by the trust&#39;s divisions. The effective use of powerful units with lifting capacities ranging from 80 to 120 tons allows repair teams to successfully meet production targets and steadily increase the number of wells returned to operation. The production indicators achieved in the past month, declared the Year of International Peace and Trust, confirm this progress. During this period, major overhauls were carried out on 39 wells, with 33 of them resuming oil production. As a result, an additional 1,675 tons of &quot;black gold&quot; were extracted, fulfilling the production plan by 101%.

The experienced repair teams of the Goturdepegu&yacute;ularyd&uuml;&yacute;pliabatla&yacute;yş and Barsagelmezgu&yacute;ularyd&uuml;&yacute;pliabatla&yacute;yş divisions particularly distinguished themselves. In each of these divisions, major overhauls were conducted on 18 wells, 15 of which were successfully returned to operation. The contribution of these units to additional oil production amounted to 1,490 tons.

Source: B<a href="https://turkmenmetbugat.gov.tm/tk/newspapers/21/articles/182585">alkan newspaper</a>

Efficient Work of Well Overhaul Teams

The energy strategy implemented under the leadership of President Serdar Berdimuhamedov is aimed at the comprehensive development of the oil and gas complex, which is one of the leading sectors of the national economy. The success of the ongoing transformations in this sector is reflected in the indicators for the end of 2024.

Sustained growth has been noted in the industrial sector, including the extraction of natural gas, which reached 77 billion 623.1 million cubic meters, and oil, which amounted to 8 million 279.7 thousand tons. Compared to last year, the production of oil bitumen increased by 10.2 percent, gasoline by 4.8 percent, fuel oil by 8.2 percent, and diesel fuel by 0.6 percent.

As noted by the President of Turkmenistan in his address to the participants of the expanded Cabinet of Ministers meeting for the results of 2024, the state&rsquo;s energy policy is leading to the steady development of the oil and gas sector. The head of state emphasized the need for further implementation of advanced technologies to increase the production capacity of the oil and gas complex, the active industrial development of the &quot;Galkynyş&quot; gas field, and the acceleration of the construction of the Turkmenistan&ndash;Afghanistan&ndash;Pakistan&ndash;India gas pipeline, particularly its key section, Serhetabat&ndash;Herat, called &quot;Arkadag&rsquo;s White Road.&quot;

The importance of developing rich and promising oil deposits, increasing the production capacities of the Turkmenbashi oil refinery complex and the Seydi oil refinery, accelerating the pace of exploration and the search for prospective hydrocarbon deposits, geological surveys to find deposits of valuable rare minerals, and improving the qualifications of industry specialists were also emphasized.

Source: <a href="https://www.turkmenistan.gov.tm/ru/post/92100/neftegazovyj-sektor-turkmenistana-vedushchaya-otrasl-nacionalnoj-ekonomiki">&quot;Turkmenistan: The Golden Age&quot;</a>

The oil and gas complex plays an important role in increasing the economic power of our country.

The International Conference &quot;Quality Assurance in Turkmenistan in Compliance with International Standards&quot; will be held in Ashgabat on April 29-30. The forum will bring together leading experts in the field of certification, representatives of business, government agencies and international organizations to discuss topical issues of improving the quality of products and services, implementing international standards and digitalizing quality management processes.

The conference, held during the International Year of Peace and Trust, is of particular importance, emphasizing the importance of international cooperation in ensuring the quality of products and services. The event will become an effective platform where leading industry experts, representatives of regulatory authorities, manufacturers and consumers will be able to highlight global trends in the field of certification and labeling of goods, improve understanding of international standards, and promote the development of global cooperation to ensure high quality and compliance of products.

The conference will include an exhibition of the latest technologies in the field of certification, where stands of leading international certification bodies will be presented.

Source: The newspaper Oil and Gas

A international conference on "Quality Assurance in Turkmenistan in Compliance with International Standards" will be held in our country

Last week, 12 transactions were registered at the trades of the State Commodity and Raw Materials Exchange of Turkmenistan.

For foreign currency, business representatives from Afghanistan purchased aviation kerosene produced at the technological facilities of the State Concern &quot;T&uuml;rkmennebit.&quot;

In addition, for foreign currency, entrepreneurs from the United Arab Emirates and Turkey acquired bedding sets, cotton fabric, and uluk. The total amount of transactions exceeded 7 million 970 thousand US dollars.

For the domestic market, local businessmen purchased polypropylene (produced by the State Concern &quot;T&uuml;rkmennebit&quot;), float glass, as well as cotton fabric and raw cotton for a total amount exceeding 56 million 840 thousand manats.

Source: S<a href="https://tdh.gov.tm/tk/post/43887/tdhcmb-nyn-sowdalarynda-gelesiklerin-jemi-bahasy-abs-nyn-7-million-970-mun-dollaryndan-gowrak-boldy" target="_blank">tate News Agency of Turkmenistan.</a>

12 transactions were registered at the trades of the State Commodity and Raw Materials Exchange of Turkmenistan

On February 16, an accountable meeting was held at the central building of Turkmenistan&#39;s oil and gas complex to review the results of work for January within the framework of the Year of International Peace and Trust. Opening the meeting, Deputy Prime Minister of Turkmenistan Batyr Amanov emphasized that the esteemed President Serdar Berdimuhamedov is creating all the necessary conditions for the improvement and sustainable development of the oil and gas industry by progressively modernizing its material and technical base and setting important tasks for the sector. The meeting was also attended by the President of Turkmenistan&#39;s advisor on oil and gas issues, Ashyrguly Begliyev.

During the meeting, the tasks set for the country&#39;s oil and gas sector were discussed following the meeting of the Cabinet of Ministers of Turkmenistan on February 14, during which the results of the national economy&#39;s performance for January were reviewed using digital technologies.

Reports on the results of work for the first month of the year and upcoming tasks were presented by the State Minister and Chairman of the State Concern &quot;T&uuml;rkmengaz&quot; Makhat Babaev, Chairman of the State Concern &quot;T&uuml;rkmennebit&quot; Guvanch Agajanov, Chairman of the State Corporation &quot;T&uuml;rkmengeologi&yacute;a&quot; Gurbangeldi Garliyev, as well as leaders of associations, departments, and enterprises of the oil and gas complex.

The meeting addressed issues related to oil and gas condensate production, liquefied gas, expanding international cooperation, intensifying work at the &quot;Galkynysh&quot; gas field, constructing the Turkmenistan-Afghanistan-Pakistan-India international gas pipeline, and ensuring the uninterrupted operation of production facilities under various weather conditions.

Deputy Prime Minister Batyr Amanov emphasized the importance of implementing the tasks set for the State Concerns &quot;T&uuml;rkmengaz&quot; and &quot;T&uuml;rkmennebit&quot; and the State Corporation &quot;T&uuml;rkmengeologi&yacute;a,&quot; as well as the significance of improving the qualification of employees for the effective completion of tasks.

In conclusion, Deputy Prime Minister Batyr Amanov wished success to the oil and gas complex employees in solving the tasks set by the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov, and the esteemed President of Turkmenistan, Arkadagly Hero Serdar Berdimuhamedov.

Source: &quot;Oil and Gas&quot; newspaper

An accountable meeting was held at the central building of Turkmenistan's oil and gas complex

On February 14, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system. The session reviewed the results of work carried out in the country&rsquo;s economic sectors in January of this year, along with discussions on several other issues of state affairs.

Following this, Deputy Chairman of the Cabinet of Ministers B. Amanov reported on the performance of the supervised sectors for January.

The report included information on the technical and economic indicators achieved in the extraction of oil and gas condensate. In particular, the State Concern &ldquo;T&uuml;rkmennebit&rdquo; fulfilled its oil production plan by 104.3%.

As noted, in the reporting period, the plan for oil refining was fulfilled by 100.7%, gasoline production by 100.2%, diesel fuel by 100.7%, polypropylene by 103.8%, and lubricants by 113.8%. The growth rate of liquefied gas production was ensured at 124.2%.

Summarizing the report, President Serdar Berdimuhamedov emphasized the importance of consistently improving the activities of the country&rsquo;s oil and gas sector, increasing the volume of natural gas and oil production, and taking comprehensive measures to maintain production facilities in proper operational condition.

The head of state also stressed the need to further enhance the efficiency of geological exploration and drilling operations and issued relevant instructions to the Vice Premier.

Source: State News Agency of Turkmenistan

State Concern “Türkmennebit” Achieves High Performance in Oil Production

The initiatives of the National Leader of the Turkmen people, Chairman of the Halk Maslahaty, Gurbanguly Berdimuhamedov, aimed at reforming the national fuel and energy complex, are being consistently and successfully implemented under the leadership of President Serdar Berdimuhamedov in the era of the Revival of a new epoch of a powerful state. The oil and gas industry plays a crucial role in ensuring the sustainable growth of Turkmenistan&#39;s economy and the well-being of its citizens, making the efficient utilization of its vast potential one of the key priorities of the national strategy. The targeted measures being implemented are yielding positive results.

A clear example of this is the achievement of drillers from the &quot;Nebitgazburawla&yacute;yş&quot; trust of the state concern &quot;T&uuml;rkmennebit&quot; at the Uzynada field&mdash;the commissioning of a new well No. 85, with a depth of 6,830 meters, a daily production capacity of 70 tons of oil condensate, and 75,000 cubic meters of natural gas.

At present, geological exploration work in western Turkmenistan is being carried out using powerful drilling rigs purchased with the support of Hero-Arkadag and Arkadagly Hero Serdar, aimed at discovering new oil and gas condensate fields and expanding their industrial development. These advanced technologies are enabling such significant achievements.

The success of fuel and energy complex workers at the Uzynada field testifies to the effective implementation of the recommendations and instructions given by the National Leader of the Turkmen people during his working visit to the western region on January 13, 2022. During discussions with specialists from the state concern &quot;T&uuml;rkmennebit,&quot; Hero-Arkadag reviewed the measures being taken to explore and increase oil and gas production. He also emphasized the importance of constructing not only exploratory wells but also production wells to accelerate the development of new fields.

It is gratifying that the new productive well was commissioned at the beginning of the International Year of Peace and Trust. Such achievements in the national fuel and energy complex serve as clear evidence of the successful realization of Hero-Arkadag&#39;s initiatives under the leadership of President Serdar Berdimuhamedov.

The hardworking employees of the state concern express their sincere gratitude to the National Leader of the Turkmen people, Hero-Arkadag, and Arkadagly Hero Serdar for the conditions and opportunities created, which allow them to achieve high performance indicators.

Source: State News Agency of Turkmenistan

The state concern "Türkmennebit" makes a significant contribution to the development of the fuel and energy sector

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International Forum on Attracting Foreign Investments to Turkmenistan&#39;s Economy (TEIF 2025) to Be Held in Kuala Lumpur, Malaysia

The International Forum on Attracting Foreign Investments to Turkmenistan&#39;s Economy (TEIF 2025) will take place in Kuala Lumpur, Malaysia, on April 23-24, 2025, as reported on the event organizers&#39; website.

The forum will bring together international investors, government representatives, industry leaders, and experts to explore promising investment opportunities and discuss the strategic development of key sectors of Turkmenistan&#39;s economy.

The main organizers of the forum are the State Concerns &quot;T&uuml;rkmengaz&quot; and &quot;T&uuml;rkmennebit,&quot; the Chamber of Commerce and Industry of Turkmenistan, in partnership with the Economic Society &quot;Turkmen Energy Forum.&quot;

The forum aims to expand opportunities for attracting foreign direct investments in Turkmenistan&#39;s energy, transport and communications, construction, and financial sectors, as well as to strengthen dialogue on the further sustainable development of the energy sector. The event is expected to host over 300 delegates from more than 30 countries worldwide.

Within the framework of the forum, opportunities for natural gas exports, the construction of new gas facilities, power generation, and optimization of production at mature fields will be discussed. Projects in the field of clean energy, methane and CO2 emission reduction, and the development of renewable energy sources, including solar and wind power, will also be addressed.

Additionally, investment projects for the modernization of oil refineries and the development of hydrocarbon fields in the Turkmen sector of the Caspian Sea are planned for discussion.

Other topics of the forum include large-scale construction projects, transport, logistics, information technology, telecommunications, and the expansion of export potential in industrial, agricultural, textile, and food products.

It is noted that this year, TEIF 2025 will be held at the prestigious Kuala Lumpur Convention Centre (KLCC), located in the heart of Malaysia&#39;s capital.

Source: &quot;Nebit-Gaz&quot; Newspaper

Kuala-Lumpurda Türkmenistanyň ykdysadyýetine daşary ýurt maýa goýumlaryny çekmek boýunça Halkara forum geçiriler

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«Türkmennebit» döwlet konsernine degişli guýulardan alynýan «gara altynyň» möçberi juda ýokarlandy