Turkmenistan Increases Oil, Gas Production In Early 2026

RunWithRugs · 2026-03-10T15:46:38+00:00

Turkmennebit State Concern exceeded its oil production targets by 107.3% in January-February 2026, achieving similar successes in refining and gasoline production, reflecting the company's critical role in Turkmenistan's energy sector.

RunWithRugs

2026-03-10 15:46:38

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(MENAFN- Trend News Agency) ** ASHGABAT, Turkmenistan, March 9.** Turkmennebit State Concern has fulfilled its oil production plan at 107.3% in January-February 2026, Trend reports via the press service of the Turkmen government.

The figures were presented by Deputy Chairman of the Cabinet of Ministers Guvanch Agajanov during a Cabinet meeting on the country’s macroeconomic performance for the first two months of 2026, chaired by President Serdar Berdimuhamedov.

During the reporting period, the plan for oil refining at the country’s refineries was executed at 107.1%. Gasoline production reached 122.7% of the plan, diesel fuel - 106.4%, lubricating oils

102.7%, and liquefied gas - 119.7%.

Meanwhile, production of natural gas and associated gas reached 106.7 percent of the plan.

The Turkmennebit State Concern is Turkmenistan’s state-owned oil company responsible for the exploration, production, and processing of crude oil and gas condensate in the country. The concern manages major onshore oil fields, drilling operations, and a number of oil refineries and plays a key role in supplying petroleum products to the domestic market and for export.

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