Tag Archives: business

Turkmen Pres. sacks gas chief

JAN. 12 2013 (The Conway Bulletin) – Kurbanguly Berdymukhamedov, Turkmenistan’s autocratic president, sacked the head of the state’s natural gas company in a government reshuffle, media reported. Gas is Turkmenistan’s biggest income earner. Sahatmyrad Mammedov had headed Turkmengaz for less than a year.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 120, published on Jan. 18 2013)

 

Turkmen President sacks gas chief

JAN. 12 2013 (The Conway Bulletin) – Kurbanguly Berdymukhamedov, Turkmenistan’s autocratic president, sacked the head of the state’s natural gas company in a government reshuffle, media reported. Gas is Turkmenistan’s biggest income earner. Sahatmyrad Mammedov had headed Turkmengaz for less than a year.

ENDS

Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 120, published on Jan. 18 2013)

 

Uzbek-Russian telecom files bancruptcy

JAN. 16 2013 (The Conway Bulletin) – Uzdunrobita, the Uzbek subsidiary of Russian mobile operator MTS, has laid-off 200 staff and filed for bankruptcy after saying it could not pay $600m of fines imposed by the authorities in Uzbekistan, media reported. Uzdunrobita and the Uzbek authorities have been involved in a dispute over taxes since July.

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(News report from Issue No. 120, published on Jan. 18 2013)

 

Uzbekistan’s Uzdunrobita files for bancruptcy

JAN. 16 2013 (The Conway Bulletin) – Uzdunrobita, the Uzbek subsidiary of Russian mobile operator MTS, has laid-off 200 staff and filed for bankruptcy after saying it could not pay $600m of fines imposed by the authorities in Uzbekistan, media reported. Uzdunrobita and the Uzbek authorities have been involved in a dispute over taxes since July.

ENDS

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(News report from Issue No. 120, published on Jan. 18 2013)

 

TeliaSonera buys 4G in Kazahstan

DEC. 28 2012 (The Conway Bulletin) – Swedish telecoms company TeliaSonera completed a deal worth $205m to buy WiMAX cables in six Kazakh cities from Alem Communications. WiMAX infrastructure is used to create 4G coverage. The deal, announced in August, also involved buying a stake in KazTransCom, another Kazakh company.

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(News report from Issue No. 119, published on Jan. 11 2013)

 

TeliaSonera denies Uzbekistan corruption incident

JAN. 8 2013 (The Conway Bulletin) – Anders Narvinger, chairman of TeliaSonera, again denied that the Swedish telecoms company had bribed the Uzbek president’s family to win a lucrative 3G operating contract. Email evidence submitted in court, media reported, suggested TeliaSonera had paid a Gibraltar- registered company linked to the Uzbek president’s daughter for the contract.

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(News report from Issue No. 119, published on Jan. 11 2013)

 

Azerbaijan’s oil production drops

DEC. 30 2012 (The Conway Bulletin) – Azerbaijan’s oil production dropped by 3.7% in 2012, mainly due to lower-than-expected output at the BP-led Azeri-Chirag-Guneshli field, the head of Azerbaijan’s state oil company, Rovnag Abdullayev, said. Oil and gas are the mainstays of Azerbaijan’s economy.

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(News report from Issue No. 119, published on Jan. 11 2013)

 

Uzbekistan stops gas supply to Tajikistan

JAN. 1 2013 (The Conway Bulletin) – Uzbekistan stopped supplying gas to neighbouring Tajikistan, media reported quoting Tajik officials, during their annual gas price negotiations. Tajikistan is reliant on Uzbekistan for gas. Each year the two countries negotiate a new price for the gas, prompting Uzbekistan to briefly turn it off.

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(News report from Issue No. 119, published on Jan. 11 2013)

 

Azerbaijan to make soccer shirt deal

JAN. 4 2013 (The Conway Bulletin) – Azerbaijan is close to agreeing a deal with top Spanish soccer side Athletico Madrid to sponsor their shirt for the next 1-1/2 seasons, media reported. Flush with cash from energy revenues, Azerbaijan has been on an international marketing drive.

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(News report from Issue No. 119, published on Jan. 11 2013)

 

Azerbaijan’s SOFAZ makes London property deal

DEC. 17 2012 (The Conway Bulletin) – Azerbaijan’s state oil fund, SOFAZ, bought a $285m building in central London, its first significant purchase for its new international property portfolio, media reported. Azerbaijan’s wealth fund is worth an estimated $33b.

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(News report from Issue No. 118, published on Dec. 28 2012)