Speaking during a meeting of People’s Council in Ashgabat, President Gurbanguly Berdimuhamedov emphasized that the development of the oil and gas sphere was one of the key areas of the economic growth in the years of independence. The President of Turkmenistan focused on the development of new industries that ensure the diversification of export potential as well as the multidirectional pipeline supply network as an objective of the energy strategy of Turkmenistan. Large-scale investment projects implemented in recent years, in particular, the construction of the new gas pipelines to China and Iran, as well as the ongoing construction of the Turkmenistan-Afghanistan-Pakistan-India gas pipeline, can be considered as Turkmenistan’s contribution to the development of the international energy cooperation. This, in turn, has a positive impact on the overall situation and development in the Central Asian region, turning it into one of the world's energy centers. Over the years of independence, the ambitious projects have been implemented to increase the production capacity of the fuel and energy complex, increase the volumes of production, processing and export of energy resources. Thus, about US$ 8 billion was invested into the industrial development of the Galkynysh gas deposit. At present, the construction of a gas chemical complex with an annual capacity of 386,000 tons of polyethylene and 81,000 tons of polypropylene is under completion in Kiyanly, Balkan Velayat. The construction of a plant for the production of A-92 gasoline that meets the Euro-5 environmental standards is under completion in Ovadendape, Ahal Velayat.