JAN. 21 2015 (The Conway Bulletin) — The authorities in Tajikistan want to build six new cement-making plants, media reported quoting government officials. Currently Tajikistan is an importer of cement. It wants to become a net exporter of cement. Chinese investment has fueled a building boom in Tajikistan over the past couple of years.
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(News report from Issue No. 216, published on Jan. 28 2015)
JAN. 22 2015 (The Conway Bulletin) — Japanese industrial conglomerate Toshiba is negotiating with Kazakhstan to build a new nuclear reactor, media reported. Kazakhstan has been looking to build a new nuclear power station for years. It has earmarked a position for the power station but not yet started work.
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(News report from Issue No. 216, published on Jan. 28 2015)
JAN. 26 2015 (The Conway Bulletin) — Building work in Armenia fell by 4.3% last year compared to 2013, data released by the national statistics agency showed. The construction sector is an important part of the Armenian economy and its decline highlights the problems faced by business as it deals with the fallout from Russia’s economic downturn.
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(News report from Issue No. 216, published on Jan. 28 2015)
DEC. 9 2014 (The Conway Bulletin) – Kazakhstan unveiled a project to build a six-lane 66km ring-road around Almaty which they hope will both ease congestion in the city and provide a new financing model for major infrastructure projects.
The FT reported that the number of cars in Almaty has exploded by 50% in the last five years. Anybody walking around its choked-up streets at rush hour will be able to taste the exhaust fumes in the air.
With support from the European Bank for Reconstruction and Development (EBRD), Kazakhstan has launched a plan to raise $680m in what has been dubbed its first internationally-tendered public-private partnership scheme.
Importantly, as the EBRD’s infrastructure chief, Thomas Meier, said the project is a test of Kazakhstan’s attractiveness and in particular law changes made this year. Most important of these was that any disputes concerning infrastructure developments would be settled by international arbitration.
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(News report from Issue No. 212, published on Dec. 10 2014)
NOV. 26 2014 (The Conway Bulletin) – Kyrgyzstan has invited companies to compete in a tender to build two hydropower stations, hydroworld.com, the industry new website, reported. The projects, supported by the European Bank for Reconstruction and Development (EBRD), highlight how important hydropower is to Kyrgyzstan.
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(News report from Issue No. 211, published on Dec. 3 2014)
NOV. 18 2014 (The Conway Bulletin) – Italian energy company ENI said it had signed a deal with Turkmenistan to extend its operations in the country.
The deal is important for ENI because it has been criticised for its operations in Kazakhstan, particularly its running of the delayed and over budget Kashagan field in the Kazakh sector of the Caspian Sea. By extending its presence in Turkmenistan, something that the company has been working on all year, ENI underlines its commitment to Central Asia.
At a signing ceremony alongside Italian PM Matteo Renzi, Turkmen president Kurbanguly Berdymukhamedov said that ENI had agreed a deal to extend one onshore production sharing agreement and three offshore exploration areas.
“We have come to a conclusion that there must be an active investment ideology present in our countries’ relations,” he said without giving any more terms of the deals.
China is Turkmenistan’s main gas client but Europe is also becoming more important. Earlier this month it signed a deal with a consortium building a pipeline from Baku to central Europe. This pipeline will deliver Turkmen gas to central Europe for the first time.
Turkmenistan is estimated to hold the world’s fourth largest gas reserves.
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(News report from Issue No. 209, published on Nov.19 2014)
NOV. 12 2014 (The Conway Bulletin) – Italian energy major ENI has started to hand out the first contracts to build a shipyard at Kuryk on Kazakhstan’s Caspian Sea coast. The shipyard is designed to increase ship building capacity and generate jobs. It was announced as a joint-venture with KazMunaiGaz last year, when the Kazakh economy looked stronger.
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(News report from Issue No. 209, published on Nov.19 2014)
NOV. 3 2014 (The Conway Bulletin) – The Islamic Development Bank has agreed to loan Uzbekistan $100m to build extra rural housing, media reported. This is the second major loan by intergovernmental agencies for rural housing in Uzbekistan. In 2011, the Asian Development Bank approved a loan of $500m.
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(News report from Issue No. 207, published on Nov. 5 2014)
SEPT. 5 2014 (The Conway Bulletin) – Westport Trading, a US-company, is setting up a processing plant to process high-quality bitumen in the port city of Seidi in Turkmenistan, media reported quoting the Turkmen government newspaper.
Bitumen is a major component for tar production used in road-building and setting up a major factory that is not dominated oil and gas production would be a boost to Turkmenistan’s promise to diversify its economy.
The $78m that the plant will reportedly cost will also generate much needed jobs.
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(News report from Issue No. 199, published on Sept. 10 2014)
AUG. 29 2014 (The Conway Bulletin) – China has started work on building a new cement factory in Kyrgyzstan, underlining its commitment to Central Asia. The cement factory will be the biggest in Kyrgyzstan and will cost $70m. China has assumed an increasingly tight grip on Central Asia’s economies.
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(News report from Issue No. 198, published on Sept. 3 2014)