ASHGABAT - At a government meeting on May 1, Deputy Prime Minister Guvanch Agajanov presented a report on the oil and gas sector's performance for the first four months of 2026. Statistics demonstrate robust growth in both the upstream and downstream segments of the state-owned concern Turkmennebit, Orient.tm reports.
During the reporting period, the industry not only met its targets but also demonstrated significant momentum for the future. The oil production plan was fulfilled by 107.1%, while natural and associated gas production reached 106.7% of the planned volume.
The fuel and energy sector development strategy places particular emphasis on the production of high-value-added products. Refinery performance for January–April confirms this trend.
- Liquefied natural gas: Leading the growth with a figure of 122.1% of the plan.
- Gasoline: Output reached 113.7%.
- Lubricating oils: Production reached 110.3% of capacity.
- Diesel fuel: The figure reached 108.7%.
- Total refining: The crude oil refining plan was 104.9% fulfilled overall.
Summarizing the report, President Serdar Berdimuhamedov emphasized the strategic importance of further increasing hydrocarbon production. The head of state instructed the Deputy Prime Minister to focus on comprehensive measures to utilize all production capacities.
Key priorities for the industry in the near future include improving the efficiency of geological exploration and drilling operations to expand the resource base, modernizing existing facilities to ensure they operate at full design capacity, and ensuring stable growth in oil and natural gas production to meet domestic needs and export obligations.
CentralasianLIGHT.org
May 2, 2026