The capital hosted today a Turkmen-Iranian business forum dedicated to further deepening and expanding the fruitful partnership between the two countries. The regular meeting of business circles, held at the Chamber of Commerce and Industry of Turkmenistan, was timed to coincide with the ongoing Specialized Exhibition of the Islamic Republic of Iran "Iran Prože" in Ashgabat.

The National Leader of the Turkmen people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov, speaking at the summit of the Organization of Turkic States (OTS) in Astana, proposed to prepare a Roadmap for the development of cooperation in the energy sector between the participating countries of the OTS.

President of Turkmenistan Serdar Berdimuhamedov, speaking at the 16th meeting of the Economic Cooperation Organization in Tashkent, announced his readiness to increase gas and electricity supplies to the ECO countries.

In a pivotal move to diversify its gas sources and following prior negotiations with Turkmenistan to supply gas to Iraq, to meet the need of electricity production stations, the Minister of Electricity of Iraq Ziad Ali Fadil paid an official government visit to Turkmenistan at the head of a ministerial delegation, stated the Iraqi Ministry of Electricity’s information service.

In Ashgabat, the minister met with the Minister of State, Chairman of the State Concern “Turkmengaz” Maksat Babayev and other officials.

A branch of the Korean construction company Daewoo Engineering & Construction was inaugurated in Ashgabat. The opening was attended by Korean Foreign Minister Park Jin and Deputy Prime Minister of Turkmenistan Baymyrat Annamammedov. The IIC reports this with reference to the Ministry of Foreign Affairs of the Republic of Korea.

Ali Rashid Al Jarwan, CEO of Dragon Oil, has announced the company's transition to zero gas flaring in Turkmenistan by 2027, making their hydrocarbon extraction work environmentally friendly, official Turkmen media reports.

"We currently use 70 percent of the gas we produce, but in three years, we hope to reach the 100 percent mark, making our hydrocarbon production work for Turkmenistan environmentally friendly," Ali Rashid Al Jarwan remarked.

In the coming days, a groundbreaking ceremony for a new power plant with a capacity of 1574 MW will be held near the city of Turkmenbashi, Balkan velayat. This was stated by the President of Turkmenistan Serdar Berdimuhamedov during negotiations with the head of Türkiye Recep Tayyip Erdogan, reports the State News Agency of Turkmenistan.

President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovshan Najaf announced the company’s plans to open an office in Turkmenistan. He announced this today during the International Conference “Oil and Gas of Turkmenistan - 2023,” a Turkmenportal correspondent reports.

Turkmenistan exported more than 22.73 thousand tons of AI-92 gasoline to Azerbaijan in January-August 2023, the Interfax-Azerbaijan news agency reported on Thursday with reference to the Azerbaijani State Statistics Committee.

The export of Turkmen gasoline to Azerbaijan for the corresponding period amounted to over $19.56 million.

The Islamabad-based Supreme Committee of the Special Investment Facilitation Council (SIFC) has directed Pakistan's Ministry of Foreign Affairs and the Petroleum Department to expedite the resolution of the Saudi Aramco and Pakistan State Oil issues, as well as the TAPI gas pipeline, Business Recorder reported on Tuesday, citing its informed sources.