Turkmenistan in CAREC
- Turkmenistan joined CAREC in 2010
- Since 2010, $569 million has been invested in transport projects
- 2 ongoing CAREC projects
- 1 completed CAREC project
North-South Railway Project
Expected outcome: 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.
Turkmenistan hosts CAREC sector meeting for the first time
The Ministry of Economy and Development hosted the 15th CAREC Energy Sector Coordinating Committee (ESCC) meeting.
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.
Highlights from the Asian Development Outlook 2014:
Growth remained strong at 10.2% in 2013, reflecting high public investment and strong performance in all production sectors, and the current account surplus widened to about 0.5% of GDP. Growth is projected to accelerate to 11% in 2014, as gas exports increase, and register 10% in 2015, while the current account surplus should average 2% of GDP during 2014-2015. Read more.