BAKU, Azerbaijan, July 31. Turkmenistan and the
Japan Bank for International Cooperation (JBIC) have discussed
further cooperation, including the implementation of circular
economy projects in Turkmenistan.
This was reflected in a press release issued by the Embassy of
Turkmenistan in Japan following a meeting between Turkmen
Ambassador to Japan Atadurdy Bayramov and newly appointed JBIC
Governor Kazuhiko Amakawa.
According to the embassy, the sides also reviewed JBIC's
participation in financing major economic projects in Turkmenistan
involving Japanese companies. These projects include the
Gas-to-Gasoline Plant (GTG-1) in Ahal velayat, the
Garabogazkarbamid plant and the Charjew State Power Plant, among
other major projects.
The parties also exchanged views on the implementation of
circular economy projects in Turkmenistan with JBIC participation,
the report says.
Meanwhile, Japan and Turkmenistan have also been expanding
cooperation beyond traditional energy and industrial projects. In
December 2025, the two countries joined other Central Asian states
and Japan in the first Central Asia-Japan Summit in Tokyo, where
the sides adopted the Tokyo Declaration and an action plan covering
economic development, connectivity, climate change and human
resource development. The framework has provided an additional
platform for advancing Japanese business engagement in Turkmenistan
and identifying new areas for cooperation.
Japan has also been supporting Turkmenistan through technical
cooperation and capacity building. In 2026, discussions between
Turkmen officials and the Japan International Cooperation Agency
(JICA) covered areas including hydrogen energy, digitalization,
healthcare, artificial intelligence, water management and
sustainable development, indicating a gradual broadening of
bilateral economic cooperation beyond large-scale industrial
projects.
