Economic Development of Lebap Province: Q1 2026 Analysis

The role of the eastern region in strengthening Turkmenistan's economic power continues to grow steadily. As emphasized during the Cabinet of Ministers meeting led by the Honorable President, the country's Gross Domestic Product (GDP) growth remained stable at 6.3% in the first quarter of this year. The industrial and agricultural sectors of Lebap Province have played a pivotal role in achieving this overall success. Industry and Energy: Key IndicatorsThe oil and gas industry and the construction materials sector, which form the backbone of the regional economy, recorded record-breaking growth in the first three months of the year. Natural Gas and HydrocarbonsThe production of "blue fuel" remains stable, with output increasing by 2.1% compared to the same period last year. This performance has positively impacted other sectors as well: - Oil and Gas Condensate: 0.4-fold growth. - Liquefied Petroleum Gas (LPG): Increased by 2.5 times. Seydi Oil Refinery (SOR)The volume and quality of products from the refinery in the city of Seydi continue to meet international standards. In the first quarter: - Diesel Fuel: Growth rate reached 112%. - Petroleum Bitumen: Increased by 13,7%. - Gasoline Production: Rose by 1%. Construction and Textile IndustriesThe Koytendag Cement Plant remains the primary pillar of the construction sector. Since the beginning of the year, it has produced nearly 35,000 tons more cement than in the same period last year, with a growth rate of approximately 10%. The textile industry also shows impressive figures: - Cotton Fabrics: Production value rose from 10.5 million manats last year to 13 million manats this year. - Silk Fabrics: Production growth exceeded 50%. Agriculture: Ensuring Food AbundanceAgricultural workers are greeting the 35th anniversary of Turkmenistan's sacred Independence with significant achievements. The local production results are as follows: - Vegetables: 29% growth - Fruits: 8.8% growth - Dairy Products: 3.1% growth - Egg Production: 2.4% growth - Meat (Live Weight): 1.5% growth Retail and Trade TurnoverThe purchasing power of the province's population and the quality of trade services are consistently improving. Total retail trade turnover increased by more than 11%. The role of the private sector is particularly noteworthy: - State-owned Trade: 21% growth. - Private (Non-state) Trade: 10% growth.