Speaking at the International Conference "Oil and Gas of Turkmenistan – OGT 2025," Chairman of the State Concern "Turkmennebit" Guvanch Agajanov announced expanded opportunities for foreign investors on the Turkmen shelf of the Caspian Sea. He stated that the new Production Sharing Agreement signed in May 2025 between the State Concern "Turkmennebit," PETRONAS Carigali, and ADNOC XRG for Block I opened a new stage of international cooperation and confirmed Turkmenistan's openness to partnerships with global companies possessing advanced technologies.
Agajanov emphasized that the updated legislative framework, simplified tax and customs regulations, and modern geological and geophysical data make Turkmenistan's offshore projects particularly attractive for investment. He invited foreign companies to participate in the development of priority blocks, noting that such projects strengthen the country's status as a reliable energy partner in the region.
The head of “Turkmennebit” also noted that Turkmenistan is actively diversifying its energy sector, developing the petrochemical industry, and introducing digitalization and artificial intelligence technologies into production. These steps are aimed at increasing efficiency, reducing the carbon footprint, and transitioning to sustainable energy development.
Agajanov emphasized that Turkmenistan is open to cooperation with international investors, technology companies, and financial institutions, and that its strategic goal is to transform the country's energy potential into a bridge between traditional and clean energy.