ADB forecasts 6.5% GDP growth in Turkmenistan in 2023, taking into account the growth in production and export of hydrocarbons
09:56 13.04.2023 8903
The Asian Development Bank (ADB) predicts Turkmenistan’s GDP growth in 2023 at 6.5 percent, which is the highest among Central Asian countries. This is stated in the April review of the ADB, published on the bank’s website.
“This forecast assumes higher capital expenditures and continued strong demand for hydrocarbon exports. Oil and gas production and exports will continue to grow steadily during this period, with prices expected to remain high and export volumes to increase,” the ADB report says.
ADB noted that Turkmenistan’s GDP growth reached 6.2 percent in 2022, reflecting an increase in hydrocarbon exports, mainly natural gas, at higher prices and growing domestic demand for goods after the end of the COVID-19 pandemic. Hydrocarbon exports increased mainly to China, Azerbaijan and Iran.
Turkmenistan exported natural gas worth $ 6.1 billion to China in January-November
Turkmenistan continues to hold a leading position in pipeline export of «blue» fuel to China. According to the General Customs Administration of the PRC, during January-November 2021, the Celestial Empire received 21.91 million tons of Turkmen natural gas through the Turkmenistan-China pipeline, which is $ 6.1 billion in monetary terms.
In Ankara, at the meeting of the Intergovernmental Commission, cooperation between Turkmenistan and Turkey in the oil and gas sector was emphasized
As part of the working visit of the delegation of Turkmenistan to Turkey, the eighth meeting of the Intergovernmental Turkmen-Turkish Commission on Economic Cooperation was held in Ankara on February 24-25, the Ministry of Foreign Affairs of Turkmenistan reported today.
Veterans of the Great Patriotic War were presented with gifts on behalf of the President of Turkmenistan
In Turkmenistan, in honor of the 79th anniversary of Victory in the Great Patriotic War of 1941–1945, veterans in all velayats of the country and the city of Ashgabat were solemnly presented with monetary and valuable gifts with wishes of good health and good spirits.
The President of Turkmenistan congratulated his compatriots on Victory Day in the Great Patriotic War
The President of Turkmenistan, Serdar Berdimuhamedov, congratulated his compatriots on Victory Day in the Great Patriotic War of 1941–1945.
The volume of purchases of Turkmen gas by Gazprom will double in 2021, - Russian Ambassador to Turkmenistan
In 2021, the volume of gas purchased by Gazprom from Turkmenistan is likely to double and amount to about 10 billion cubic meters. This was stated on Friday by the Russian Ambassador to Turkmenistan Alexander Blokhin at a press conference at the embassy dedicated to the annual results of the Turkmen-Russian cooperation.