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The priority directions of development of Turkmenistan's economy in the coming years will be implementation of administrative reforms and diversification. These are the plans of the recently re-elected President Gurbanguly Berdimuhamedov, who received 97.69 percent of the votes in the recent elections. Among the priority projects, highlighted is the construction and modernization of transport and logistics infrastructure.



In 2016, the total value of products, works and services provided through the Ministry of Energy of Turkmenistan exceeded TMT1.09 billion, which is 11.6 percent more than the 2015 result. In addition, during this period, the production of electricity increased by 5.8 percent, and the volume of electricity exports increased by 16.2 percent. In general, as noted by the local media, Turkmenistan is currently developing the energy sector quite actively, and the investments in this sphere are increasing.



President of Turkmenistan Gurbanguly Berdimuhamedov named Russia the main strategic partners of the republic. He said so at the government meeting on February 17, which was the first after his re-election for the third term as president. Based on the results of the meeting, the Head of State approved the Concept of foreign policy of Turkmenistan for the next seven years.



The President of Turkmenistan has named the main challenges in the coming seven years of his presidential terms. This was said during the first government meeting since his re-election as the head of state, and the meeting of the State Security Council. “I am encouraged and inspired by the fact that my own people gave me their votes and elected me as their president once again. Such trust of the people inspires to do great things for the welfare and happiness of the nation, in the name of prosperity of our country,” the president said.



Incumbent President Gurbanguly Berdimuhamedov won in the presidential election on February 12. His candidacy was ahead of all the rivals by an overwhelming majority of votes. As previously reported by the Central Election Committee, 97.68 percent of the total number of voters participating in the election voted for him, accounting for more than 3.07 million people. According to head of the CEC Gulmurat Myradov, the voter lists included more than 3.22 million of Turkmen citizens.



In the capital of Turkmenistan, Ashgabat, there was held a meeting between Minister of Foreign Affairs of Turkmenistan Rashid Meredov and the delegation of the Islamic Republic of Iran headed by a member of the Majlis (the Islamic Consultative Council) Hadi Shushtar. As reported by the Turkmen Ministry of Foreign Affairs, the talks paid attention to the issues related to the intensification of joint activities in the field of road construction, in the transport and transit sphere, as well as in the electricity and gas sectors.


On February 7, Ashgabat hosted the meeting of the Government of Turkmenistan, which discussed the January 2016 results of the fuel and energy complex of the country. Vice Premier Ya. Kakaev delivered a report on the energy sector's performance. According to him, January was very successful for the industry. There was reported an over-fulfillment of the plan in all key indicators: production of oil and gas condensate (8.1 percent), processing all types of hydrocarbon raw materials (by 7.6 percent); drilling of wells (57.3 percent).



The Turkmen State Concern “Turkmenneft” is developing the deposit “North Goturdepe,” which is located in the country's economic zone, in the shallow waters of the Caspian Sea. Currently, the powerful rigs purchased in China are used by the group's experts to achieve the drilling depths of 7,150 meters. In the short term, this will be the first project depth of such a level in Turkmenistan.



The Government of Turkmenistan has appealed to the Islamic Development Bank with a request for funding in the amount of $700 million. As reported by a number of media, these funds will be used to cover the expenses in the framework of the project for construction of the gas TAPI pipeline (Turkmenistan – Afghanistan – Pakistan – India). A part of this amount will be spent to pay for the cost of goods, works and services required in the course of the project.



During the recent Ashgabat-based meeting of the Joint Tajik-Turkmen intergovernmental commission, the participants identified the main nuances of interaction between the parties in the near future. The agenda included a wide range of issues that affect a large range of topical issues in the bilateral relations, covering the political, diplomatic, trade-economic and cultural-humanitarian spheres. The parties also discussed the progress of implementation of the agreements reached at the sixth meeting of the Commission in Dushanbe on April 28-29, 2015.