Turkmengas, Turkmennebit, and BASF Intertrade AG are ready to expand mutually beneficial ties
22:13 24.02.2026 2488
On February 23, a meeting was held in Ashgabat between the heads of the state concerns Turkmengas and Turkmennebit and V. Nikitin, Head of Business Development at BASF Intertrade AG, a German subsidiary of BASF Group, headquartered in Switzerland, TDH reports.
Important areas of bilateral relations were discussed. The parties expressed their readiness to expand mutually beneficial ties and their keen interest in deepening cooperation in the oil and gas industry.
After reviewing the implementation of previously reached agreements and focusing on the current state of affairs, the meeting participants discussed prospects for developing relations on issues of mutual interest. The parties outlined mutually beneficial proposals and expressed confidence that their consideration will contribute to the implementation of their plans for the near future.
BASF is actively involved in regional projects in Turkmenistan. For example, the company's gas cleaning equipment was selected for the new gas chemical complex in Kiyanly. The company can also provide technical support and consulting services if needed.
During the meeting, the parties discussed relevant issues and exchanged views on the feasibility of expanding work and developing cooperation in this area.
Transactions for the export of LNG and jet fuel were entered at exchange trading
On Monday, August 22, 12 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $5.4 million, the ORIENT news agency reported.
It is planned to increase hydrocarbon production in Balkan region
In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.
Modern Information and Analytical Center for sustainable energy development has been opened in Turkmenistan
Today, March 26, the grand opening of the Information and Analytical Center was held at the Natural Gas Research Institute of the State Concern "Turkmengas". The center is equipped with the latest IT equipment purchased with the support of the European Union project "Green Development of Turkmenistan: Policy Dialogue and Climate Action for 2024-2028", funded by the European Union and the German Foreign Ministry and implemented by GIZ.
Hero-Arkadag and Recep Erdogan noted the rapid development of bilateral cooperation
On Sunday, March 30, a telephone conversation took place between the National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Hero-Arkadag Gurbanguly Berdimuhamedov and the President of the Republic of Turkey Recep Tayyip Erdogan, TDH reports.
