IMF: Turkmenistan Leads in Economic Growth Rates Among Central Asian States
The IMF’s Regional Economic Outlook for the Middle East and Central Asia, released on November 11, projects growth in the region (Azerbaijan, Kazakhstan, Turkmenistan, and Uzbekistan) at an average of about 5.5 % for 2012 and 2013from about 7 %in 2011, with lower growth in hydrocarbon production. Turkmenistan leads in economic growth among the Central Asian States, and will continue leading with projected economic growth rate at 8% in 2012, and 7,7% in 2013. It should be noted that Turkmenistan demonstrated record growth rates in 2011 at 14,7%. It is expected that Turkmenistan’s gas sector will continue to grow due to the supplies along the new pipeline to China, the report says.
Source: imf.org, iarex.ru
Turkmenistan to commission major Galkynysh field in 2013
In 2013 Turkmenistan plans to commission the major Galkynysh field, with production capacities of 30 billion cubic meters of tank gas a year, the head of the State Concern Turkmengaz Sahatmurad Mamedov said during the 17th International Conference -- Main Trends in the Oil and Gas Industry of Turkmenistan and International Cooperation.
"During the first phase of Galkynysh's development project, in this unique gas bearing area they are drilling production wells and constructing modern plants for the desulphurization of natural gas and production of 30 billion cubic meters of high quality tank gas per year, to be commissioned in 2013," said the head of state concern in his speech. He added that the second stage of Galkynysh development will start next year.
Source: trend.az
Turkmenistan Exported 2 Billion 700 Million USD Worth of Oil Products in 2012
During the first 10 months of this year Turkmenistan exported more than USD 2,7 billion worth of oil products which is 11%higher than during the same period last year. This is a general figure for the whole country and includes Turkmenbashi and Seidinsk Oil Refinery complexes, said Turkmenbashi Complex General Director, Tachberdy Tagyev.
Source: webdefence.global.blackspider.com
Turkmenistan Suspended Gas Supplies to Iran
Iranian Petroleum Minister Rostam Qasemi announced that Turkmenistan has suspended gas supplies to Iran. This is second time in the past five years that Turkmenistan has cut gas supplies to Iran during the cold season, as the country reduced gas export to Iran last winter by 10 mcm per day. Turkmenistan and Iran have not come to terms on purchase conditions, Qasemi said, adding that the imports of natural gas may be resumed if an agreement is reached. Iranian news agency ISNA reported that Iran has put in a request to increase imports of natural gas from Turkmenistan to up to 40 million cubic meters per day. Iran imports 15-18 million cubic meters of gas per day from Turkmenistan, but the figure reaches 30 million cubic meters during winter. On October 22, IRNA quoted National Iranian Gas Company's managing director Javad Owji as saying that imports of natural gas from Turkmenistan to Iran have decreased by 52%over the first half of the current Iranian year compared to the same period last year, which began on March 20.
Source: trend.az, trend.az
Turkmengaz: Turkmen Gas Supply to Iran Restored
Turkmen natural gas is being supplied to Iran on the basis of existing long term contracts, reported Turkmenistan’s Turkmengaz state concern. “Gas supply via the Artyk-Lyutfabad pipeline was suspended a few days ago at the request of the Iranian side due to the need for repair work on their territory,” said the report. Upon completion of the work the gas supply was restored.
Source: trend.az
Iran denies reports on increasing natural gas imports
The National Iranian Gas Company (NIGC) denied reports by domestic media that it has requested additional natural gas imports from Turkmenistan, Mehr information agency reported. NIGC spokesman Majid Boujarzadeh said that there is no gas shortage in the country and gas supply to all provinces is underway. Earlier, the Iranian information agency ISNA reported that Iran had put in a request to increase imports of natural gas from Turkmenistan up to 40 million cubic meters per day.
Source: trend.az
Turkmenistan to privatize state-owned enterprises in 2013-2016
President Berdymukhamedov approved the draft of the “State program for privatization of state enterprises and state property in 2013-2016.” The program is scheduled to roll out in three phases, the first of which is planned for 2013, the second in 2014-2015, and the third in 2016. The program envisions the privatization of state enterprises in various industries, in construction, transport, communications, and the creation of developed infrastructure of corporations. In addition, the program identifies the strategic objects of national importance which cannot be subject to privatization.
Source: trend.az
Dragon Oil to Invest in Turkmenistan’s Sector of Caspian 1 billion USD Within 3 Years
During the period from 2000 -- July 2012, Dubai-based Dragon Oil invested USD 2,4 billion in projects in Turkmenistan, and is planning to invest additional USD 1 billion in the next three years, said the Energy Minister of the United Arab Emirates, Mukhamed ben Zaed Al Khamini, at the17th International Conference -- Main Trends in the Oil and Gas Industry of Turkmenistan and International Cooperation.
Source: webdefence.global.blackspider.com
Ashgabat, Berlin to Negotiate Investment Projects
On November 21, Ashgabat will host German Economy Day which will gather representatives of over 70 German companies and governmental institutions, reported an official Turkmen source. The companies will come from the oil and gas, chemical industry, energy, construction, agriculture and food production, financial and banking, medicine, and education sectors. The heads and staff of 33 ministries, institutions, and private companies will represent Turkmenistan at the event.
Source: trend.az
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