Bordering Iran to the south, Afghanistan to the south and east, and Kazakhstan and Uzbekistan to the north, Turkmenistan is rich in oil and gas resources. Its natural gas reserves are estimated at 20 trillion cubic meters and oil reserves at 12 billion barrels.
North–South Railway Project – Loan. The project will increase regional trade by improving Turkmenistan's accessibility to Kazakhstan, the Persian Gulf countries, the Russian Federation, and South Asia, through better connectivity with neighboring countries and an efficient, safe, and reliable railway transport network within Turkmenistan. View project details.
Turkmenistan pushes ambitious trans-Afghan pipeline. Turkmenistan is pushing ahead with plans to build a pipeline to transport its gas through Afghanistan to India and Pakistan. Read more.
Turkmenistan joins top ten countries for attracting foreign direct investments. According to the World Investment Report 2012, Turkmenistan joined the top 10 countries on the index of attracting foreign direct investments. Read more.
Highlights from the Asian Development Outlook 2012: Growth continued at nearly double-digit levels in 2011, reﬂecting a sharp rise in gas exports and sizable public investment. A similar rate is expected in 2012, through planned expansion of gas pipelines, but growth may moderate in 2013. Diversifying the economy in order to reduce the country’s dependence on energy exports and deepening the reform process remain key policy challenges. Read more.