President Serdar Berdimuhamedov stated that Turkmenistan has ensured stable exports of finished liquid petroleum products to Asian and European countries thanks to the launch of new refining capacities, Turkmenportal.com reports.
Speaking at the Georgian-Turkmen business forum in Tbilisi, where he is on an official visit, he stated that the development of the fuel and energy sector remains a key priority for the national economy.
He also announced the start of the fourth stage of industrial development at the largest gas field, Galkynysh, the continued development of hydrocarbon resources in the Caspian Sea, and the expansion of gas chemical production, including polymers and mineral fertilizers. According to the President of Turkmenistan, the implementation of the Investment Program for 2026 should ensure 6.3% GDP growth.
Analytical Commentary
The transition from raw gas exports to increased supplies of high-value-added products is becoming a key feature of Turkmenistan's current export strategy. The development of oil refining and gas chemical industries allows the country to diversify its export basket, reduce its dependence on fluctuations in global commodity prices, and increase foreign exchange earnings.
Additional opportunities are offered by the expansion of the Galkynysh field, the development of projects on the Turkmen shelf of the Caspian Sea, and the construction of new gas chemical plants. At the same time, Turkmenistan continues to diversify its export routes, developing cooperation with countries in the South Caucasus, Central Asia, China, and potential partners in Europe.
In the medium term, this could strengthen the country's position as one of the largest energy and gas chemical exporters in Eurasia, increasing the share of highly processed products in total foreign trade.
CentralasianLIGHT.org
July 17, 2026