Tag Archives: business

Georgian wine to flow to Russia, again

MARCH 6 2013 (The Conway Bulletin) – Officially, at least, Russian health inspectors had to visit and pass 36 Georgian wine and four mineral water producers before allowing them to resume imports.

Unofficially, politics is behind the return of Georgian wine to Russia.

Allowing the companies into the Russian market effectively lifts a seven year ban on Georgian wines and, importantly, signals a major shift forward in Georgia-Russia relations.

Russian health inspectors imposed the ban in 2006 just as, apparently coincidentally, relations between the countries were disintegrating. Now, it’s a different scenario and over the last couple of years there were two important shifts that smoothed relations further.

After rounds of negotiations, Georgian officials agreed to lift their block on Russia joining the World Trade Organisation (WTO). Separately, billionaire Bidzina Ivanishvili surprisingly won a parliamentary election in October and is now Georgia’s PM.

Mr Ivanishvili is Georgia’s richest man, a fortune he made in Russia. He campaigned on a cautiously pro-Russia ticket.

Confirmation of the return of Georgian wine to Russia’s restaurants is due on March 25 but Georgia-Russia relations are clearly improving.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 126, published on March 8 2013)

Uzbekistan doubles gas exports

MARCH 4 2013 (The Conway Bulletin) – The value of Uzbekistan’s energy exports nearly doubled to $5b in 2012, the Eurasianet website reported quoting the Uzbek State Statistics Committee. Most of the increase was due to the opening of a gas pipeline from Turkmenistan through Uzbekistan and Kazakhstan to China.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 126, published on March 8 2013)

Azerbaijani company to issue Eurobond

MARCH 1 2013 (The Conway Bulletin) – Azerbaijan’s state energy company Socar plans to issue a $1b Eurobond by the end of the year to fund various upstream and downstream projects, media quoted company president Rovnag Abdullayev as saying. This will be the second Eurobond issue by Socar following its $500m issue last year.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 126, published on March 8 2013)

Norwegian energy company pulls out of Kazakhstan

FEB. 20 2013 (The Conway Bulletin) – Norwegian energy giant Statoil confirmed that it had pulled out of the Abay oil prospect in the Kazakh sector of the Caspian Sea, media reported. A Statoil spokesman said that a technical and commercial evaluation of the project had triggered the withdrawal.

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(News report from Issue No. 125, published on Feb. 22 2013)

Statoil pulls out of Kazakh Abay

FEB. 20 2013 (The Conway Bulletin) – Norwegian energy giant Statoil confirmed that it had pulled out of the Abay oil prospect in the Kazakh sector of the Caspian Sea, media reported. A Statoil spokesman said that a technical and commercial evaluation of the project had triggered the withdrawal.

ENDS

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(News report from Issue No. 125, published on Feb. 22 2013)

 

Kazakhstan and Toyota announces a deal

FEB. 13 2013 (The Conway Bulletin) – Car manufacturer Toyota and the Kazakh government announced a deal for the Japanese company to produce 3,000 Fortuner 4x4s a year in Kazakhstan. Kazakh company, Saryarka AvtoProm, will produce the cars. The deal is important as it serves as further proof of Kazakhstan’s economic diversification.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 124, published on Feb. 15 2013)

Turkmenistan resumes gas exports to Ukraine

FEB. 13 2013 (The Conway Bulletin) – Turkmen president Kurbanguly Berdymukhamedov signed a deal with his visiting Ukrainian counterpart, Viktor Yanukovich, to resume gas exports to Ukraine. Ukraine had imported gas from Turkmenistan until a few years ago when it switched to Russia. Now it wants to diversify its imports and include Turkmen gas.

ENDS

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(News report from Issue No. 124, published on Feb. 15 2013)

 

Turkmen President signs gas deal with Ukraine

FEB. 13 2013 (The Conway Bulletin) – Turkmen president Kurbanguly Berdymukhamedov signed a deal with his visiting Ukrainian counterpart, Viktor Yanukovich, to resume gas exports to Ukraine. Ukraine had imported gas from Turkmenistan until a few years ago when it switched to Russia. Now it wants to diversify its imports and include Turkmen gas.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 124, published on Feb. 15 2013)

Privatisation begins in Turkmenistan

FEB. 4 2013 (The Conway Bulletin) – A shopping centre, a food production plant and a chain of car repair garages will be the first state-owned enterprises sold on March 9 during Turkmenistan’s privatisation process, media quoted officials as saying. More items are due to be privatised although it is unclear if this will include oil and gas assets.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 123, published on Feb. 8 2013)

 

TeliaSonera CEO resigns due to Uzbek corruption incident

FEB. 1 2013 (The Conway Bulletin) – Lars Nyberg, CEO of TeliaSonera, resigned after a report by a law firm concluded the Swedish telecoms giant had failed to do proper due diligence before buying an Uzbek 4G licence from a Gibraltar-registered firm in 2007. Media reports have since linked the Gibraltar firm to the eldest daughter of the Uzbek president.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 123, published on Feb. 8 2013)