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Economy

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17.07.2021

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Preparing for upcoming season

Daşoguzpagta Production Association’s cotton-ginning enterprises are now preparing for the new season.

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17.07.2021

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British company will build a berth on the Turkmen coast of the Caspian Sea for the export of petroleum products

The UK-based Petro Gas LLP will build a berth on the Turkmen coast of the Caspian Sea for the export of oil products from the Turkmenbashi complex of oil refineries. 

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17.07.2021

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CNPC to complete three gas wells in Turkmenistan, unfinished by a company from the UAE

The Chinese company CNPC will complete the construction of three highly complex gas wells, which were not completed by a company from the United Arab Emirates, at the largest gas field in Turkmenistan, Galkynysh. 

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16.07.2021

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Caring for the land responded with crops

Land reform in Turkmenistan has created favorable conditions for the development of the rural economy. The provision of land plots to agricultural producers for long-term use allowed not only to significantly increase the sown area, but also to increase the efficiency of work due to technological modernization and rationalization of water consumption. For six months of this year, the members of the Union of Industrialists and Entrepreneurs of Turkmenistan (UIET) have increased the volume of agricultural and food production by more than a third compared to the planned one. In just the first half of the year, the members of the Union of Industrialists and Entrepreneurs collected more than 150 thousand tons of agricultural products.

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15.07.2021

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Turkmen-Russian cooperation in the development of the electronic industry

The largest Russian manufacturer and exporter of microelectronics "Mikron", which is a resident of the special economic zone (SEZ) of Moscow, begins to promote its products in Turkmenistan. This was reported the other day by RIA Novosti.

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13.07.2021

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Domestic industry gains paces

Despite the short period from the date of commissioning, the Dashoguz cotton-spinning factory of the Ministry of Textile Industry of Turkmenistan has filled a niche in the world textile market. Annually, over 70% of its products are supplied to the external market. The company has won good reputation and popularity among foreign consumers due to the consistent fulfillment of contractual obligations and the high quality of its 100% ringspun cotton yarn. Thus, in the first six months of this year, most of the products manufactured at the factory to the amount of about 39.5 million manats have been exported based on the contracts registered at the State Commodity and Raw Materials Exchange of Turkmenistan.

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12.07.2021

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Oil and gas products and textiles at SCRMET transactions

24 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.

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11.07.2021

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For the productivity of pasture cattle breeding

Reconstruction of mine wells located on the «Mazarly» and «Böwür deşik» distant pastures in the Garagum livestock farm of the Gorogly etrap was carried out this year by the specialists of the «Daşoguzörisuw» repair and construction company. During the overhaul, the side walls of the wells were strengthened, watering troughs and reservoirs were repaired, and possible collapses and pollution of water sources were prevented. This made it possible to fully restore the flow rate of wells that water tens of thousands of hectares of pastures. This year, the specialists of the enterprise have also brought to their proper condition the mine wells in the settlements “Islam” and «Gyzylja burun» in the etrap named after S.A.Niyazov. In total, such work, which allows extending the life of wells and improving the availability of water for livestock, has already been carried out by the team for 149,000 manats.

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10.07.2021

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Environmental management in the oil and gas sector

The seminar organized by the OSCE Center in Ashgabat in the videoconference format focused on the best practices of environmental management in the oil and gas sector.

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10.07.2021

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Despite the problems in the global economy, Turkmenistan’s GDP growth rate exceeds 6%

Summing up the results of the first six months of 2021during the enlarged meeting of the Cabinet of Ministers of Turkmenistan, President Gurbanguly Berdimuhamedov emphasized that the GDP growth rate exceeded 6.1 percent.

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