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Yagshigeldi Kakayev International University of Oil and Gas was originally founded in 2012 as the Turkmen State Institute of Oil and Gas. A year later the institute gained full university status and was renamed the International University of Oil and Gas. In 2019 the university¡¯s name changed again to honour Yagshygeldi Kakayev, a Turkmen politician and energy executive.

The university is located in Ashgabat, the capital and largest city of Turkmenistan.

There are seven faculties at the university: oil and gas, geology, chemical technology and ecology, energy and engineering facilities, economics and management, petroleum industry, and digital technologies and cyber security. Each faculty is divided into different departments offering a number of undergraduate degree programmes.

The department of graduate studies was established in 2013 and currently offers nine postgraduate and two doctoral degree programmes (geology, exploration and searching of oil and gas fields and development and use of oil and gas fields).

The university is home to three research centres that facilitate various academic and scientific research projects throughout the year. These include the Innovative Scientific and Educational Centre, the Research and Educational Centre, and the Hydrogen Energy Centre.