The President has authorized the Turkmennebit State Concern to enter into an agreement with Petronas to develop offshore blocks
14:41 19.06.2026 1290
Turkmenistan President Serdar Berdimuhamedov signed a decree authorizing the Turkmennebit State Concern to enter into an agreement with Petronas Çarigali (Turkmenistan) Sdn. Bhd to develop offshore license blocks. The corresponding document was published in central media in Turkmenistan on June 18.
According to the decree, the Turkmennebit State Concern has been authorized to enter into an agreement to develop license blocks in the Turkmen sector of the Caspian Sea between the Turkmennebit State Concern, the Malaysian company Petronas Çarigali (Turkmenistan) Sdn. Bhd, and the Concern's state-owned enterprise Hazarnebit.
The resolution was adopted in order to successfully fulfill the tasks set for the oil and gas industry, as well as the effective development of licensed blocks located in the Turkmen sector of the Caspian Sea, based on the Law of Turkmenistan "On Hydrocarbon Resources".
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.
