Malaysia’s PETRONAS Drives Turkmenistan’s Energy Boom After Nearly 30 Years of Investment

PETRONAS, Malaysia’s national oil and gas company, has been operating in Turkmenistan for close to three decades, investing more than $11.6 billion in the development of extensive onshore and offshore energy infrastructure.

The company currently produces approximately 400 million cubic feet of natural gas and nearly 30,000 barrels of liquid hydrocarbons daily, The Caspian Post reports via Turkmen media.

Speaking at the Avaza Investment Forum, Ismadi bin Ismail, CEO of PETRONAS Charigali (Turkmenistan) Sdn Bhd, emphasized that PETRONAS’ contributions extend beyond financial investment. “We have a strong pool of skilled local specialists, and we are confident they will continue to grow and take on leadership roles within PETRONAS,” he stated, underscoring the company’s commitment to human capital development.

PETRONAS is also investing in the future workforce, recently sending 15 more students abroad for specialized training programs. These efforts not only foster talent development but also create significant opportunities for local service providers and partners within the industry.

Looking ahead, Ismadi bin Ismail revealed that PETRONAS is exploring new ventures in Turkmenistan, with detailed plans set to be announced at the upcoming OGT 2025 energy conference.

This long-term commitment highlights PETRONAS’ pivotal role in Turkmenistan’s energy sector and its dedication to sustainable growth and local development.