Hero-Arkadag discussed prospects for cooperation in the oil and gas sector with Malaysian government representative
16:25 16.05.2026 1908
Prospects for expanding bilateral cooperation in the energy sector were discussed on May 12 at a meeting between Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov and Chairman of the Advisory Committee on Political Affairs to the Prime Minister of Malaysia Tan Sri Mohd Hassan Marikan, TDH reports.
Emphasizing Turkmenistan's colossal resource potential, the parties exchanged views on deepening cooperation in the Caspian Sea. Marikan also expressed Malaysia's interest in participating in projects to develop the giant Galkynysh gas field to increase natural gas production.
Hero-Arkadag emphasized the strategic significance of the signing of a Protocol on Commercial Terms between the State Concern Turkmennebit and Petronas Carigali (Turkmenistan) Sdn. Bhd during the Malaysian delegation's visit.
He also noted that during the upcoming visit of the Malaysian Prime Minister to Turkmenistan, a Production Sharing Agreement is planned to be signed between the State Concern Turkmennebit and Petronas Carigali (Turkmenistan) Sdn. Bhd.
Gurbanguly Berdimuhamedov also emphasized the feasibility of implementing new projects in the gas chemical industry. The Malaysian representative confirmed the company's readiness to submit relevant proposals.
Hero-Arkadag also expressed confidence in expanding the partnership to implement digital technologies in production, modernize energy-saving systems, and strengthen environmental safety.
Noting the fuel and energy sector as a promising area for bilateral trade and economic partnership, Gurbanguly Berdimuhamedov stated that Turkmenistan highly values the constructive dynamics of its cooperation with Petronas over the past 30 years. During this time, Petronas has made a significant contribution to the development of the Turkmen sector of the Caspian Sea and the training of qualified specialists for the country's oil and gas industry.
Geroy-Arkadag noted that to mark this significant date, a scientific and practical conference and exhibition dedicated to Turkmen-Malaysian relations are planned to be held during the Malaysian Prime Minister's visit.
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.
