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opportunities

Turkmenistan is establishing itself as a major transportation hub with modern infrastructure in the region. With the accession to the world transport system, transit cargoes pass through the territory of Turkmenistan, which is the most important link of the Great Silk Road, which is of great importance in the development of the national economy and strengthening of friendly relations.

In parallel with the export of natural gas by pipeline, Turkmenistan is currently focusing on the deep processing of natural gas, which, in the long term, may become dominant in the country's economy. In recent years, several gas chemical complexes have been commissioned, and several more are planned to be built to manufacture value-added goods in high demand in global markets. The Turkmenbashy refinery is the flagship industrial complex located in west Turkmenistan. It accounts for a quarter of the country's industrial production. The refinery is undergoing phased reconstruction, presenting various investment opportunities for potential investors. Turkmenistan's chemical industry is one of the country's most promising and developing sectors. It is focused on maximizing the use of domestic hydrocarbon raw materials.

Electric power industry is one of the dynamically developing, export-oriented sectors of the economy of Turkmenistan. The development of the country's energy sector is based on scientific principles, a solid legal framework and clearly developed programs. The scientific foundations for the development of domestic electric power industry strengthen the proposals of Turkmen scientists related to the introduction of new promising technologies into production. The energy sector of Turkmenistan is actively negotiating with European, Japanese, Chinese, Korean and other companies with extensive experience in the field of electric power industry. Maximum efforts are aimed at actively attracting foreign investment, introducing advanced digital technologies in the industry, and diversifying electricity export routes.

Turkmenistan is a major player in the Asian oil & gas market. The country's hydrocarbon resources are estimated at over 71 billion tons of oil, equivalent to over 20 billion tons of oil and over 50 trillion cubic meters of natural gas. Given these figures, as of today, Turkmenistan holds the world’s fourth-largest proven natural gas reserves after Russia, Iran, and Qatar. Turkmenistan's oil and gas industry, one of the leading sectors of the national economy, plays an important role in strengthening the country's economic stability. Currently, Turkmenistan’s largest customer is the People’s Republic of China. Turkmenistan is also proceeding with the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. The recent high-level meetings in Pakistan and Afghanistan have shown the parties' readiness to accelerate the implementation of this project. The 1,853-km pipeline will deliver up to 33 BCMA natural gas from the Galkynysh gas field in Turkmenistan to three off-take points in Afghanistan, three off-take points in Pakistan, and a final off-take point at the Pakistan-India border to supply the Indian market. Turkmenistan is developing its offshore fields in the Caspian Sea and onshore in the Balkan region. Several leading IOCs, including ENI, Dragon Oil, Petronas, and others, produce oil and gas from contractual areas in the Caspian Sea. The focus of the Forum will be attracting investment to offshore Blocks No.11, 12, 16, 21, 23, and 24, optimizing production from mature fields, and advancing the next phase of the supergiant Galkynysh field, the largest onshore gas field in the world.