In 2024, oil and gas production in China surpassed 400 million tons of oil equivalent for the first time, marking a significant achievement for the country. This was reported by the Xinhua News Agency, citing data from the National Energy Administration of China.
Chevron Corporation has announced that its 50-percent subsidiary, Tengizchevroil LLP, has begun oil production as part of its Future Growth Project at the Tengiz oil field in Kazakhstan. According to the company’s press release, the project is aimed at increasing crude oil production by 260,000 barrels per day at full capacity
The United Nations Development Program (UNDP) in Turkmenistan, within the framework of a joint project with the Ministry of Finance and Economy of Turkmenistan "Platform for the Implementation of the SDGs, Phase III", held a webinar on the topic "Tax Regulation and World Trade Organization Rules: Practical Recommendations on How to Minimize Risks".
Fitch Ratings, an international rating agency, has assigned an Insurer Financial Strength (IFS) rating and a Long-Term Issuer Default Rating (IDR) of "B" to the State Insurance Organization of Turkmenistan (SIOT). The outlook on the ratings is stable.
Myrat Artykov, Head of the International Electric Power Projects Department at the Ministry of Energy of Turkmenistan, held talks with Abdul Latif Mansour, Acting Minister of Water and Energy of Afghanistan, to discuss the TAP-500 project. The meeting was attended by the Ambassador of Turkmenistan to Afghanistan, Hoja Ovezov, and other officials from both countries, according to Eurasia Today.
Kazakhstan is developing alternative transportation routes to Europe, through Turkmenistan, Iran, and Turkey. This was reported by the Ministry of Transport of the Republic of Kazakhstan.
The United States is preparing to release new dollar banknotes. This move is aimed at enhancing security features to combat counterfeiting as announced by the United States Bureau of Engraving and Printing.
In 2024, geophysicists successfully conducted operations on 245 wells belonging to the State Concerns "Turkmengas", "Turkmennebit", and the State Corporation "Turkmengeology", as reported by the "Nebit-Gaz" newspaper of Turkmenistan's oil and gas complex.
At a meeting of the Turkmen government on Friday, January 24th, the draft Program for the Socio-Economic Development of Turkmenistan and Investments for 2025 was presented
During a meeting between representatives of the Turkmen embassy in Islamabad and a delegation from the Gujranwala Business Centre, prospects for developing bilateral trade relations were discussed.
The International North-South Transport Corridor (INSTC) offers promising prospects for the Kyrgyzstan–Uzbekistan–Turkmenistan–Azerbaijan–EU transport route, stated Beknazar Bazaralyyev, Deputy Minister of Transport and Communications of Kyrgyzstan, as reported by Kyrgyz media. According to the Deputy Minister, this route is currently fully operational, with Kyrgyz freight carriers already utilizing it for delivering goods to Europe
From January 20 to 24, 2025, as part of the joint project "Support to Strengthening Institutional and Regulatory Environment for Financial Markets Development," between the United Nations Development Programme (UNDP) and the Ministry of Finance and Economy of Turkmenistan, a three-day seminar was organized for specialists from the Ministry of Finance and Economy and the Ashgabat Stock Exchange
Golden Yarn specializes in the production of polypropylene yarns, enabling manufacturers to create durable and visually appealing carpets
The forum will bring together representatives of international and local companies, government organizations, and experts from various sectors of the economy to establish mutually beneficial cooperation and exchange experiences.
According to Kazinform news agency, the total trade turnover between China and the countries of Central Asia amounted to $94.82 billion by the end of 2024.
