Based on the results of four months of 2026, Turkmenistan significantly exceeded the planned indicators for hydrocarbon production and processing. At a meeting of the Cabinet of Ministers on May 1, President Serdar Berdimuhamedov heard reports on the work of the fuel and energy complex. Key figures: oil production reached 107.1% of the plan, crude oil refining – 104.9%, production of petroleum products (liquefied gas, gasoline, oils, diesel) also exceeded the planned values.
The main increase came from new production wells at the Uzynada (the deepest in the region) and Goturdepe fields. Exports of liquefied gas exceeded the volume by 22.1% due to the launch of new primary treatment plants and high demand from Pakistan and Afghanistan. In addition, the country has begun industrial production of new grades of aviation kerosene and marine fuel that meet Euro-5 and Euro-6 standards. The authorities have instructed to ensure an uninterrupted supply of raw materials to the Seydi Oil Refinery in order to maintain the pace of production of light petroleum products.
For May and June, the president set strict tasks for the industry: to accelerate the transfer of all field reporting into electronic format (for which an international tender was announced), to strengthen control over methane emissions during production in accordance with international obligations, and to expand prospecting work in the coastal areas of the Caspian Sea to replenish the resource base.
The economy of Turkmenistan is based on oil and gas. The country does not disclose detailed statistics, so data from international analytical agencies (EIA, Worldometer) varies. As of early 2025, proven oil reserves are estimated at 600 million barrels (about 80–82 million tons). However, the country’s official resource base is about 71.6 billion tons of oil equivalent, of which 53 billion is on land and 18.2 billion is in the Caspian Sea. The main hopes for an increase in reserves are pinned on the Uzynada field in the southwest, where light oil and condensate are produced. Projected reserves in the Caspian shelf blocks, which will be put up for international tenders in 2026, are estimated at 11 billion tons of oil (excluding already contracted areas).
Turkmenistan is not only exceeding current plans, but also laying the foundation for long-term growth by investing in new wells, modernizing refineries and developing the Caspian shelf.
Source: CDU TEK
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