Turkmenistan has abundant oil,

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gas, sulfur, and potassium. Turkmenistan's major industries include the refining and processing of oil and natural gas; the production of glass, fabrics (primarily cotton), and clothing; and the food industry.

Turkmenistan actively encourages interested foreign companies to participate in the development of gas fields on the Caspian shelf - the current indicators of gas production in the republic should increase threefold by 2030. In this regard, one of the most important events in Turkmenistan is the annual International Gas Congress, demonstrating the continuation of the current leadership of Turkmenistan's course to reduce the level of foreign policy and foreign economic isolation of the country, which took place during the presidency of Saparmurat Niyazov.

This small country ranks fourth in the world in terms of natural gas reserves, possessing the second largest gas field (South Yolotan). There are also rich oil reserves. In addition to oil and gas, Turkmenistan has significant reserves of sulfur, iodine, bromine, mirabilite, lead, and various raw materials for the construction and finishing industry.

The basis of Turkmenistan's economy is currently the fuel and energy taiyuan cell phone number list complex, which includes the oil and gas production, as well as the oil refining industries, which bring in the main foreign exchange earnings and form the basis of external trade turnover.

According to various estimates (OPEC, the independent American agency EIA, the British oil giant BP), Turkmenistan produces about 200-260 thousand barrels of oil (28-36 thousand tons) daily and about 70 billion cubic meters of gas annually, ranking 11th in the world in terms of production.

Turkmenistan's plans for the further development of this industry are ambitious. Thus, according to the program for the development of the oil and gas industry of Turkmenistan for the period up to 2030, it is envisaged to increase oil production to 110 million tons by 2030, and natural gas to 250 billion cubic meters per year.
To achieve these goals, the government of Turkmenistan is taking steps to attract foreign investment to this sector of the national economy. There is no official information on the exact amount of foreign investment in the country's economy. According to some media reports, the amount of foreign investment in the oil and gas industry in 2014 was about 10 billion US dollars and continues to grow. It is quite possible that this is true, since Turkmenistan is indeed increasing the volume of oil and gas production from year to year.