FEB. 13 2015 (The Conway Bulletin) — Oil output in Azerbaijan rose for the first time in a year, Reuters quoted an Azerbaijani official as saying. The official, who declined to be named, said the increase was due to a rise in production at the ACG fields operated by BP.
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(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 16 2015 (The Conway Bulletin) — The Kazakh government has launched a new initiative to promote domestic industries which will include a clothing label marked “Made in Kazakhstan”, officials said. Earlier President Nursultan Nazarbayev had said more people should buy Kazakh goods.
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(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 16 2015 (The Conway Bulletin) — Kyrgyzstan’s energy minister, Kubanychbek Turdubayev, has accused Russia of working too slowly on upgrades to hydropower projects, eurasianet.org reported. Upgrades to the Kambar-Ata 1 dam and the Upper-Naryn Cascade were part of a 2012 deal that saw Moscow secure an extension to leases on military bases in Kyrgyzstan.
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(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 9 2015 (The Conway Bulletin) — In a major boost for the retail market in Tajikistan, Auchan, the French supermarket brand, has agreed to open up its first franchise in Dushanbe later this year.
Media said that Auchan had signed a deal with French distributor Schiever to manage the stores.
It did not report where exactly the store would open but it did say that it would stock mainly Russian produce and open in 2015.
Schiever already runs Auchan’s stores in Poland.
The news is, obviously, good for Tajikistan which has been short on positive economic news lately. It’s also a departure from the norm.
Headlines from Tajikistan recently have focused on major Chinese expansion but little investment from European retailers.
It will also shake up the Tajik retail sector which has been dominated by small shops selling goods of variable quality. The Auchan store will, according to press reports, be roughly the size of a football pitch.
The Auchan store project is partly financed by the European Bank for Reconstruction and Development (EBRD) which has expanded its portfolio of projects across the region. In 2014, the EBRD said, it invested 100m euro into Tajikistan.
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(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 17 2015 (The Conway Bulletin) — The World Bank agreed a $195m loan to Uzbekistan for a railway project that will speed up trade with China, media reported. The $1.6b project in the eastern Ferghana Valley will also bypass a Soviet-built section of railway that passes through Tajikistan.
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(News report from Issue No. 219, published on Feb. 18 2015)
FEB. 8 2015 (The Conway Bulletin) — Perhaps feeling the pinch from falling energy prices, Turkmen leader Kurbanguly Berdymukhamedov wants Turkmenistan to increase the number of foreign clients it has for its gas, the official website turkmenistan.ru reported. Mr Berdmukhamedov has already increased Turkmenistan’s client case since taking over.
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(News report from Issue No. 218, published on Feb. 11 2015)
FEB. 5 2015 (The Conway Bulletin) — SOCAR Cape, a joint venture between Azerbaijan’s state-owned energy company SOCAR and British oil fields services company Cape, have won contracts to work on the Shah Deniz field worth $65m, media reported. Shah Deniz is a one of Azerbaijan’s largest oil fields.
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(News report from Issue No. 218, published on Feb. 11 2015)
FEB. 9 2015 (The Conway Bulletin) — The ratings agency Standard & Poor’s downgraded the Azerbaijani state energy company SOCAR to a negative outlook from stable because of the decline in global energy prices, Reuters reported. Standard & Poor’s downgraded Azerbaijan’s sovereign rating last month.
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(News report from Issue No. 218, published on Feb. 11 2015)
FEB. 4 2015 (The Conway Bulletin) — Despite protests, Armenia’s parliament passed a law that will reduce tax imposed on small businesses to 1% of sales from 3.5%. The proposed law has angered businesses because it will mean that they have to provide more paperwork. Armenian PM Armen Rustamyan said the law would be introduced in July, a delay of six months.
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(News report from Issue No. 218, published on Feb. 11 2015)
FEB. 9 2015 (The Conway Bulletin) — Italian oil service company Saipem has won a $1.8b contract to replace leaky pipes at the Kashagan oil field in the Kazakh sector of the Caspian Sea, media reported. It said the new pipes would be in place by the end of 2016, allowing oil to flow from Kashagan by the start of 2017.
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(News report from Issue No. 218, published on Feb. 11 2015)