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Petronas shows interest in pumping Azerbaijani gas

NOV. 4 2015 (The Conway Bulletin) — Malaysia’s energy company Petronas said it is interested in buying stakes in the TANAP and TAP pipelines pumping gas from Azerbaijan to Europe. In April, Petronas bought Statoil’s 15.5% stake inAzerbaijan’s main gas field, Shah Deniz.

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(News report from Issue No. 255, published on Nov. 6 2015)

 

Tajik-Japanese joint venture to build factory

OCT. 29 2015 (The Conway Bulletin) — Avvalin, a joint-venture between Japan’s Cokey Systems and the Tajik government, wants to build a factory to produce liquorice root-based medicines. Tajikistan produces liquorice in the south-west of the country. The Tajik government owns 51% of Avvalin. Cokey owns 49%.

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(News report from Issue No. 254, published on Oct. 30 2015)

 

Kazakh car imports halve

OCT. 29 2015 (The Conway Bulletin) – In Jan.-Aug. 2015, Kazakhstan imported 54,000 cars, roughly half the amount of cars imported during the same period last year. Russia accounted for 85% of the car import market. Between January and August, the Kazakh tenge was overvalued against the rouble, making imports from Russia cheap. The Kazakh Central Bank effectively devalued the tenge in August.

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(News report from Issue No. 254, published on Oct. 30 2015)

 

Smuggled petroleum flows into Kyrgyzstan

OCT. 28 2015 (The Conway Bulletin) – The amount of smuggled petroleum products flowing into Kyrgyzstan from Kazakhstan has increased enormously since the country joined the Kremlin-led Eurasian Economic Union in August, Melis Turgunbayev, director of state-owned energy company Kyrgyzneftegaz, said. He said the flood of smuggled goods had halved the trade in legally imported petroleum products.

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(News report from Issue No. 254, published on Oct. 30 2015)

 

US blocks Korea- Uzbekistan fight jet deal

OCT. 26 2015 (The Conway Bulletin) – The US government has blocked Korea Aerospace Industries (KAI) , a South Korean firm, from selling a dozen T-50 Golden Eagle training fighter jets to Uzbekistan for $400m, the Korea Times newspaper reported.

Washington was reportedly concerned that technology used in T50s, which was co-developed by KAI and the US’ Lockheed Martin a decade ago, could be handed over to Russia.

“KAI has been in negotiations with the Uzbek government to export the supersonic trainers, but the US government is opposing the deal, citing possible technology leakage and diplomatic policy,” the Korea Times source said.

Uzbekistan is a member of the Shanghai Cooperation Organisation but not the Collective Security Treaty Organisation, a Russia-dominated military bloc of former Soviet countries.

Russian military analyst Pavel Felgenhauer told the US-funded Radio Free Europe/Radio Liberty that the US’ worries were understandable.

“The decision has nothing to do with Uzbekistan. But Uzbekistan is a country in the Russian sphere of influence,” he was quoted as saying.

If confirmed, the ban on the sale of the T-50s to Tashkent could overshadow a planned visit by US Secretary of State John Kerry to Samarkand on Nov. 1.

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(News report from Issue No. 254, published on Oct. 30 2015)

 

Azerbaijan’s SOCAR signs contract with France’s Axens

OCT. 28 2015 (The Conway Bulletin) — Azerbaijan’s state-owned energy company SOCAR signed a contract with French industrial group Axens to build new units at the Heydar Aliyev refinery near Baku. This is part of a $16.5b project to modernise the Baku refinery and boost production of petroleum products. Axens will build new diesel fuel and gas hydro-treating units at the refinery.

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(News report from Issue No. 254, published on Oct. 30 2015)

Kazakh miner to hit target

OCT. 29 2015 (The Conway Bulletin) — London-listed miner KAZ Minerals, formerly known as Kazakhmys, said it is on track to meet its production targets for 2015, despite a slight fall in production during the first nine months of the year. KAZ Minerals also said that it had increased its net debt by 18.8% to $1.9b in Q3. The company may be bullish on output at its copper and zinc mines in Kazakhstan but it has been hit by a fall in commodity prices.

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(News report from Issue No. 254, published on Oct. 30 2015)

Apple opens in Georgia

OCT. 23 2015 (The Conway Bulletin) — US-based Apple will open an official rep office in Georgia in November, ending a decade-long absence in Tbilisi. Company representatives said the rep store will solve warranty issues for customers, who were previously forced to go to neighbouring countries to buy Apple products with a valid warranty. The new Tbilisi office is not one of Apple’s iconic spacious, gleaming shops.

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(News report from Issue No. 254, published on Oct. 30 2015)

Turkmenistan hosts Poroshenko in snub to Moscow

OCT. 29 2015 (The Conway Bulletin) – In a snub to Moscow, Turkmen President Kurbanguly Berdymukhamedov hosted talks with Ukrainian President Petro Poroshenko on sending gas to Ukraine.

At the meeting in Ashgabat the two leaders signed several intergovernmental agreements on industrial and agricultural cooperation. Energy, though, was top of the agenda.

No deal was signed but both leaders said progress had been made.

“We are ready to increase supplies to Ukraine of products from our domestic fuel and energy complex and begin implementing joint projects in this sphere,” Mr Berdymukhamedov said according to state media.

Both Ukraine and Turkmenistan have fallen out with the Kremlin.

The Ukrainian government is locked in a protracted civil war in the east of the country against rebel forces funded by Russia. Turkmenistan has fallen out with Russia’s Gazprom over gas contracts. Earlier this year, Mr Berdymukhamedov called Gazprom an “unreliable partner”.

Russia has begun to cut gas supplies to Ukraine, forcing it to look for alternative suppliers. It has also sharply lowered its purchase of Turkmen gas over the past few years.

The biggest problem for Turkmenistan is how to avoid using Russia’s extensive pipeline network to send gas to Ukraine. It is exploring sending gas and oil products across the Caspian Sea, potentially via a new pipeline but also by ship. From there, gas and oil products can be transported to the Black Sea coast and then shipped to Ukraine.

Media said Mr Berdymukhamedov was due in Kiev next year.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 254, published on Oct. 30 2015)

 

German firm to quit Turkmenistan

OCT. 22 2015 (The Conway Bulletin) — DEA Deutsche Erodel AG, a German oil and gas company, may be close to quitting Turkmenistan due to excessive bureaucracy, the exiled Alternative News Turkmenistan website reported. Lengthy custom clearance periods and slow licensing processes were the main complaints. The company has not commented.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 254, published on Oct. 30 2015)