The accelerating energy transition further highlights Turkmenistan’s critical role in maintaining global energy security as a stable and reliable supplier of hydrocarbon resources and as a country supporting the development of renewable and sustainable energy sources. This was stated by the Minister of State of the UAE, member of the board of directors of the Abu Dhabi National Oil Company (ADNOC), Abu Dhabi Development Fund Ahmed Ali Al Sayed, speaking at the International Forum on attracting foreign investment in the oil and gas industry of Turkmenistan, which opened on Wednesday in Dubai.

In the future, with the implementation of seven stages of development of the giant Galkynysh field, the annual production of natural gas will reach about 200 billion cubic meters of “blue fuel”. This was stated in the speech of the head of the laboratory of the Scientific Research Institute of Natural Gas of the State Concern “Turkmengas” Irina Luryeva at the International Forum on attracting investments in the energy sector of Turkmenistan in Dubai.

Today, the International Forum on attracting foreign investment in the oil and gas industry of Turkmenistan began its work at the Hyatt Regency hotel in Dubai (United Arab Emirates). It is organized by the State Concerns “Turkmengas”, “Turkmennebit”, the State Corporation “Turkmengeology” in partnership with the ES “Turkmen Forum” and the British GaffneyCline.

Turkmenistan is the largest player in the Asian oil and gas market. The country's hydrocarbon resources are estimated at more than 71 billion tons of oil equivalent, of which more than 20 billion tons of oil and more than 50 trillion cubic meters of natural gas. This was stated by the State Minister - Chairman of the State Concern "Turkmengas" Batyr Amanov, speaking at the International Forum on attracting foreign investment in the oil and gas industry of Turkmenistan, which began its work on April 26 in Dubai (UAE).

In his address, President Serdar Berdimuhamedov congratulated the participants of the International Field Forum on Attracting Foreign Investments in the Oil and Gas Industry of Turkmenistan, held in Dubai, United Arab Emirates, on the start of work.

Today in Dubai, the largest city of the United Arab Emirates, at the Hyatt Regency Creek Heights hotel, the registration of delegates of the International Forum on Attracting Foreign Investments in the Energy Sector of Turkmenistan, which starts on April 26, will take place.

In January-February 2023, Turkmenistan exported 119.2 thousand tons of crude oil to Azerbaijan, which is 4.4 times more compared to the same period last year, Trend reports.

33 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.

Turkmenistan is ready to expand international cooperation in the field of digitalization and green technologies. This was stated by the Minister of Foreign Affairs of Turkmenistan Rashid Meredov, speaking at the 70th session of the United Nations Economic Commission for Europe, dedicated to digital and green transformation, the website of the Ministry of Foreign Affairs of Turkmenistan reports.

A few days remain before the opening of the International Forum on Attracting Foreign Investments in the Energy Sector of Turkmenistan, which will begin its work on April 26 in Dubai (UAE). The organizers of the upcoming forum are the State Concerns “Turkmengas” and “Turkmennebit”, the State Corporation “Turkmengeology” in partnership with the Turkmen Forum and the British GaffneyCline.

International University of Oil and Gas named after Yagshygeldi Kakaev held the first International Open Internet Olympiad in Informatics among students of foreign and Turkmen higher educational institutions.

In the next two years, a stable increase in oil production is expected in Turkmenistan. This is stated in the forecast for oil production in Turkmenistan in 2023-2024 published by the US Department of Energy, Trend reports with reference to the Energy Information Administration (EIA).

Prospects for cooperation in the inter-parliamentary, legislative, trade and economic spheres were discussed on Monday at a meeting of the National Leader of the Turkmen people, Chairman of the Halk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov with a parliamentary delegation of the Republic of Korea, which arrived in Ashgabat on a visit led by the head of the Korea-Turkmenistan Friendship Group Lee Dal Gonom.

According to the results of the first quarter of 2023, the GDP growth rate of Turkmenistan is at the level of 6.2%. This was stated by President Serdar Berdimuhamedov at a government meeting held last Saturday in a digital system.

On Monday, a reporting meeting was held at the Central Building of the Oil and Gas Complex of Turkmenistan, at which the results of the work of enterprises in the industry for the first three months of this year, held under the motto “The Year of Happy Youth with Arkadag Serdar”, were discussed.