Category Archives: Uncategorised

Armenia’s first president to stand in election

FEB. 15 2017 (The Conway Bulletin) — Levon Ter-Petrosyan, Armenia’s first post-Soviet president between 1991 and 1998, confirmed that he will head a party list for the Armenian National Congress (ANC)-People’s Party of Armenia alliance at parliamentary elections in April. Mr Ter-Petrosyan, 71, cuts a controversial figure. He still commands support from loyalists and considers current president Serzh Sargsyan to be his great opponent. In 2008, he was blamed with whipping up anti- government sentiment amongst a crowd that ended with clashes with police and the death of at least 15 protesters.

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(News report from Issue No. 317, published on Feb.17 2017)f

 

Oil output in Kazakhstan beats forecast

FEB. 13 2017 (The Conway Bulletin) — Kanat Bozumbayev, the Kazakh energy minister, told media that in 2016 Kazakhstan produced 78m tonnes of oil, beating an initial forecast of 75.5m tonnes. This is important because the government had been forecasting a drop in production because companies were throttling back output under the pressure of poor prices.

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(News report from Issue No. 317, published on Feb.17 2017)

 

Azerbaijan’s SOFAZ invests in Japan property fund

FEB. 13 2017 (The Conway Bulletin) — SOFAZ, Azerbaijan’s $35b oil wealth fund, has invested $100m into Redwood Japan Logistics Fund II which invests in property across East Asia and Australia. SOFAZ has been diversifying its investments over the past few years, often into property. Hurt by the steep drop in value of its energy exports, Azerbaijan’s government has been challenging SOFAZ to take more risk to boost profit.

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(News report from Issue No. 317, published on Feb.17 2017)

Iran considers setting up bank in Azerbaijan

FEB. 16 2017 (The Conway Bulletin) — Iran’s state-owned Bank Melli is considering spinning off its branches in Azerbaijan into an independent bank, Valiollah Seif, the Iranian Central Bank chief, told the Trend news agency.

If a new Iran-owned bank does emerge in Azerbaijan, it will mark a major watershed in relations between the two countries. These relations have improved markedly over the past couple of years, since Hassan Rouhani became Iran’s president in 2013. Under Mr Rouhani’s predecessor, Mahmoud Ahmadinejad, war had at times appeared likely.

In the interview, Mr Seif also said that he had held talks with this counterparts in Azerbaijan to set up a joint bank run by the two neighbours.

Azerbaijan’s banking sector has been roiled by an economic down- turn linked to a collapse in oil prices and it is likely that any move by Iran to set up a fully-owned bank in Azerbaijan will be driven by politics as much as by economics.

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(News report from Issue No. 317, published on Feb.17 2017)

Kazakh oil project to double oil output

FEB. 13 2017 (The Conway Bulletin) — The Kashagan oil project in the Kazakh sector of the Caspian Sea will double oil production to 370,000 barrels of oil per day by the end of 2017, the North Caspian Operating Company consortium developing the project said in a statement. Kashagan is the Great White Hope of Kazakhstan’s oil industry. It started commercial production at the end of last year, three years behind schedule because pipes running from the mainland to the field were found to be leaky and needed to be repaired.

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(News report from Issue No. 317, published on Feb.17 2017)f

 

Azerbaijan orders new locomotives

FEB. 15 2017 (The Conway Bulletin) — Azerbaijan has ordered 50 locomotives from French rail manufacturer Alstom for 276m euros, media reported quoting an Azerbaijani railways spokesperson. The loan for the locomotives was supplied by a consortium of French and British banks. The new locomotives will run along the Baku-Tbilisi-Kars railway that will be completed later this year.

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(News report from Issue No. 317, published on Feb.17 2017)

Kazakh special forces kill Islamists

FEB. 11 2017 (The Conway Bulletin) — Kazakh special forces killed six alleged Islamic extremists and arrested 15 more in raids in January in Almaty, media reported quoting the interior ministry. The ministry said they also found arms caches, including grenades. Central Asian countries have been on alert to counter a perceived growth in recruitment by Islamic extremists.

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(News report from Issue No. 317, published on Feb.17 2017)

Turkmens prepare for election

FEB. 10 2017 (The Conway Bulletin) — People in Turkmenistan prepared to vote in a presidential election set for Feb. 12 that observers said incumbent president Kurbanguly Berdymukhamedov would win easily. Human rights and free media activists in Europe and the US have used the election to highlight what they have said is a lack of basic human rights in Turkmenistan.

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(News report from Issue No. 316, published on Feb. 10 2017)

Georgia signs new deal with Bitfury to develop property register

TBILISI, FEB. 8 2017 (The Conway Bulletin) — Georgia agreed to forge ahead with a plan to develop a property register using technology that supports the bitcoin virtual currency.

The deal is a gamble for Georgia, which wants to promote itself as a forward-looking and technologically savvy country as bitcoin has been largely discredited, partly because of its association with illegal activities.

The deal that Georgia has struck is an extension of a deal it entered into last year with Bitfury, which engineers the blockchain system used to trade bitcoins.

Although best-known for its association with bitcoin, Bitfury has engineered different uses for its blockchain system which effectively allows people to convert an asset into a certificate that can be traded digitally. The blockchain system takes its name from the technique of recording transactions across multiple computers, forming a chain that would be broken by any attempted fraud.

Papuna Ugrekhelidze, the chairman of the Georgian National Agency of Public Registry (NAPR), said that this was the first time that a national government had signed a deal to use Bitfury’s technology.

“The NAPR will use the world’s latest technology [to] guarantee safe transactions, transparency and flexibility. The process is electronic, in which human agents will not interfere, ensuring its security,” media quoted him as saying.

The deal represents a massive overhaul of Georgia’s property registration system and Mr Ugrekhelidze said that using Bitfury’s technology would reduce the cost of updating the register by 95%.

He didn’t give away any of the specifics of the contract that Bitfury has signed with Georgia.

This is the culmination of a process that started in April last year when Bitfury and Georgia began a trial process. Previously, in 2015, Bitfury said it would invest $100m into a technology park in Tbilisi. It also operates a data centre in Gori, 70km from Tbilisi.

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(News report from Issue No. 316, published on Feb. 10 2017)

Tajikistan-Uzbekistan flight resumes

FEB. 10 2017 (The Conway Bulletin) — >> So what has happened? I’ve read that a commercial flight has flown between Dushanbe and Tashkent

>> Yes, that’s right. This was the first commercial flight between the Tajik and Uzbek capital since 1992. In 1992, Tajikistan was just tipping over into a civil war when commercial flights were scrapped but they were never re-instated after the war petered out a few years later. By this time Emomali Rakhmon had secured himself as the president of Tajikistan, a position he still holds. Uzbekistan was then ruled by Islam Karimov, who died in September last year. The two men loathed each other, Karimov was notoriously cantankerous and Rakhmon is quarrelsome.

>> So, the row was entirely personal?

>> Much of it was but there was also a macro-political and economic angle too. Tajikistan has long-planned to build a dam at Rogun in the Pamir Mountains. This was a Soviet-era plan that never moved from the drawing board into reality. Tajikistan, though, needed to generate more electricity and has been looking for backers for years. And this irritated Uzbekistan and Karimov who argued that the dam would damage water flows downstream where Uzbek cotton fields needed to be irrigated. At times the row became so heated that it threatened to spill over into war that may have dragged in neighbours.

>> What has changed?

>> Karimov’s death in September changed Uzbekistan’s foreign policy outlook. The new president Shavkat Mirziyoyev has been far more positive in promoting relations with Uzbekistan’s neighbours. This has included Kyrgyzstan and Tajikistan. The resumption of a commercial flight between the two capitals may feel a bit of a token gesture but it is actually a very significant step forward for bilateral relations. Rakhmon actually invited Mirziyoyev to Dushanbe for a bilateral meeting last month. This was something that would have been unimaginable under Karimov.

>> And now that flights have resumed, what can we expect?

>> The first flight was operated by Somon Air, a Tajik airline. It is likely that the airline will look to set up a regular service between the two cities. And just making that link, just having it there, is an important part of the heeling process for the region. It’s blighted by complex borders, thanks Stalin, and disparate pockets of ethnic groups, making travel links important. This is especially so between Tajikistan and Uzbekistan. Many of the people living in Uzbekistan are ethnic Tajiks. Previously, to travel between the two cities, people had to make tortuous road trips that would take days.

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(News report from Issue No. 316, published on Feb. 10 2017)