TIF 2024: Presentation of individual investment projects

25.08.2024

The TIF 2024 forum, which will be held on September 10-11 in Ashgabat, will present strategic investment projects in key sectors of the economy of Turkmenistan, including: Transport and communications. Turkmenistan is striving to consolidate its position as a major transport hub in the region. With the accession to the world transport system, transit cargo passes through the territory of Turkmenistan, which is the most important link of the Great Silk Road, which is of great importance for the development of the national economy and strengthening friendly relations. Investors will be presented with projects to modernize the car repair base in Turkmenabat and the Serdar Wagon Repair Plant, planned for the period up to 2028. These projects will improve the efficiency of rail transport and strengthen the country's logistics infrastructure. Chemical industry. One of the key engines of economic growth is the development of the gas chemical sector. In recent years, several gas chemical complexes have been put into operation, and several more are planned to be built. The Turkmenbashi Oil Refinery is a flagship industrial complex located in the west of Turkmenistan. Investors will be presented with projects for the construction of hexane production at the Kiyanli plant and the chemical complex in Garabogaz, as well as the modernization of the plants of the Maryazot production association. These projects will significantly expand the range of products and strengthen the country's export potential. Electric power industry. In the context of growing demand for electricity, Turkmenistan relies on the modernization of existing and construction of new energy facilities, including renewable energy sources. The development of the country's energy sector is based on scientific principles, a solid legal framework and well-developed programs. The scientific foundations of the development of the domestic electric power industry strengthen the proposals of Turkmen scientists related to the introduction of new promising technologies into production. Investors will be presented with projects for the conversion of Dashoguz and Akhal HPP gas turbine units to compatible circulation, as well as the construction of a solar power plant in Lebap province, which will reduce dependence on traditional energy sources and expand electricity exports. Oil and gas industry. Turkmenistan's oil and gas industry remains a key sector of the economy. Within the framework of the forum, special attention will be paid to attracting investments in the development of offshore blocks in the Caspian Sea, whose hydrocarbon resources are estimated at 12.1 billion tons of oil and 6.1 trillion cubic meters of gas, as well as optimizing production at mature fields. To date, the Turkmennebit State Concern has prepared a package of geological and technical information on offshore blocks for detailed familiarization of potential investors 11, 12, 16, 21, 23, 24. The TAPI gas pipeline remains an important project, which opens up new opportunities for exporting Turkmen gas to South Asian markets. Investors will be provided with detailed technical information on the offshore blocks of the Turkmen sector of the Caspian Sea in the form of data packages containing geological, geophysical and technical information.