Work on the Afghan leg of the 1,814 km, $8bn TAPI natural gas pipeline that will…
Turkmenistan
Business news and investment opportunities in Turkmenistan
STATS
Source: World Bank
Currency: Turkmenistan manatGDP: 40.76 billion USD (2018)
GDP per capita: 6,966.64 USD (2018)
GDP growth rate: 6.2% annual change (2018)
GDP growth rate: 6.2% annual change (2018)
GNI per capita: 18,490 PPP dollars (2018)
Gross national income: 108.2 billion PPP dollars (2018)
Internet users: 17.99% of the population (2016)
Odds on Trans Caspian pipeline shorten as littoral states settle their differences
After nearly 30 years of haggling over the legal status of the Caspian Sea, its five…
Turkmengas turns to Europe in search for new export markets
Turkmenistan may start shipping natural gas to Eastern Europe through Russia, a senior Turkmengas official said…
Payday nears for Kabul with work on Afghan leg of TAPI due to start in 2018
The prospect of Afghanistan earning a very welcome $500m a year in transit fees from the…
Turkmen President in talks with Qatar over TAPI pipeline development
Turkmenistan is considering turning to Qatar for financial and technical help with the development of the…
Turkmenistan secures $700m from IDB for TAPI pipeline to India
TAPI: Turkmenistan has secured a $700m loan from the Islamic Development Bank to lay the long-awaited TAPI…
Turkic Council draws up proposals for common customs procedures
The member states of the Turkic Council — Azerbaijan, Kazakhstan, Kyrgyzstan, and Turkey – are in…
TCOR takes stake in Turkmen Petroleum trading company
Turkmenistan’s Turkmenbashi Complex of Oil Refineries (TCOR) has became one of the shareholders of the newly-created…
Baku ready to help transport Turkmen gas to Europe via Southern Gas Corridor
The governments in Baku and Ashgabat are in the process of negotiating a deal to enable…
Ashgabat sets up commission to explore Turkmenistan WTO accession
Turkmenistan WTO accession: The government in Ashgabat has set up a commission to explore the country’s…
Turkmenistan has ‘window of opportunity’ says World Bank chief
The fall in energy prices and the depreciation of the manat has opened a window of…
TANAP head proposes opening pipeline up to Turkmen and Iraqi gas fields
The Trans-Anatolian Natural Gas Pipeline (TANAP) should eventually carry gas from Iraq and Turkmenistan as well as…
Turkmenistan’s East-West gas pipeline starts pumping towards the coast
The newly commissioned East-West gas pipeline has begun pumping gas from Turkmenistan’s giant inland Galkynysh field…
Gazprom ends Turkmen gas contract and strengthens Beijing’s hand
Turkmen gas contract: Gazprom has officially informed Turkmengaz that Russia will no longer be buying gas from the former…
Turkmenistan sets up NAPECO to coordinate upstream development
Turkmenistan’s President last week Gurbanguly Berdimuhamedov gave the go-ahead for the launch of the Turkmen National Oil and…
Gazprom breaks with Turkmengaz and ups gas imports from Uzbekistan
Gazprom has announced that it will be increasing the volume of gas it imports from Uzbekistan this…
Turkmenistan completes East-West gas pipeline
Turkmenistan last week announced that it has completed construction of the strategic East-West gas pipeline linking its…
Islamic Development Bank invited to invest in TAPI pipeline project
The Islamic Development Bank (IDB) was this weekend invited to invest in the 1,735km TAPI pipeline project…
Turkmenistan urged to allow foreign investment in TAPI pipeline
TAPI: Turkmenistan should consider easing its rules on foreign investment in natural gas as it looks to…
Singaporeran firm begins seismic research in Turkmen oilfields
The Singapore-registered Yug-Neftegaz company has started implementing 2D and 3D seismic research in the Turkmen oilfields in and…
Japanese consortium to develop Turkmenistan’s Galknysh gas field
Turkmenistan has signed a framework agreement with a consortium of several Japanese companies for the development…
ADB downgrades Central Asian growth forecast
Central Asian growth: The Asian Development Bank (ADB) has revised its growth forecast for Central Asia down…
Turkmenistan to start work on TAPI pipeline by year end
Turkmenistan today announced that it will start work on construction of the long-delayed $10bn TAPI gas pipeline…
Council told of $18bn Turkmenistan infrastructure program
Turkmenistan infrastructure program: Turkmenistan plans to spend around $18bn on civil engineering and construction projects next year,…