Turkmenistan Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in turkmenistan, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
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Oil & Gas
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Turkmenistan is rich in hydrocarbon resources. Turkmenistan produced approximately 80 billion cubic meters of natural gas in 2022, exporting about half, mostly to China. Oil production in 2022 reached 216,000 barrels per day. Turkmenistan consumes roughly 60 percent of its oil production domestically and exports the remainder over the Caspian Sea to world markets. The Turkmenbashy Complex of Oil Refineries and the gas-to-gasoline plant in Ahal province produce liquefied petroleum gas (LPG), though no official data on production is available. Turkmenistan has also stated its intention to reduce methane emissions from the oil and gas sector, offering a promising opportunity for U.S. companies providing related products and services.
Turkmenistan National Oil and Gas Companies: https://www.oilgas.gov.tm/en/

Opportunities

Exploration and development of oil and natural gas fields, especially Galkynysh (formerly South Yoloten), Osman, Minara, Tagtabazar-I, Caspian Sea offshore blocks, and mainly Dostluq field, and the Central Karakum group of fields. Construction of gas treatment and processing units at the abovementioned fields.  Provision of modern geological exploration technologies, seismic imaging software, drilling equipment and pipes, field development equipment, well rehabilitation services, offshore production equipment and services. Turkmenistan has also stated its intention to reduce methane emissions from the oil and gas sector, offering a promising opportunity for U.S. companies providing related products and services. 
 

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