Türkmennebit (alternatively spelled Turkmennebit), also known by the translation of the name as Turkmenoil (in English) or Turkmenneft (in Russian; Туркменнебит), is the national oil company of Turkmenistan.

With the successful fulfillment of the tasks assigned to the State Concern “Turkmennebit”, great importance is attached to international cooperation.

In 2017, at the Uzynada site, located in the Caspian region of Western Turkmenistan, for the first time after the completion of drilling operations and during the development of an exploration well with a design depth of 7150 meters, a large flow of gas and oil condensate was obtained.

The high productivity of the drilled and developed wells at this site testifies to the enormous potential of the Caspian Turkmen shallow water and coastal zone.

The main directions for the development of oil refineries consist of introducing new technologies, improving the quality and competitiveness of manufactured products and bringing products in line with developed world standards, as well as fully complying with the requirements of new international standards aimed at protecting nature and maintaining environmental cleanliness.

Scientific achievements, recommendations of the institute’s specialists, measures and inventions for which patents have been obtained are aimed at increasing the level of oil and gas production.

In May 2023 the Guardian published a report, blaming Turkmenistan in general and Turkmenoil in particular to be the worst in the world for methane super emitting.

Researchers suspected continuous flaring had been stopped to prevent conflicts with Turkmenistans laws and replaced by venting, which is also illegal, but much harder to detect.