Turkmenistan to Launch Privatization of State-held Assets soon
Turkmenistan will launch a privatization of state-held assets in its tightly regulated economy in coming months but looks set to keep control of the vital oil and gas industry, reported Reuters. "I have just signed an order to approve Turkmenistan's privatization programme for 2013-16," state media quoted President Berdymukhamedov saying at a government meeting. "Sell-offs of some state companies will start already at the beginning of this year," he said without giving a time frame. The President made no mention of the oil and gas sector in a country which sits on the world's fourth-largest natural gas reserves. A government official requesting anonymity told Reuters on Saturday, that the sector would remain under state control. The government has compiled a list of other "strategic companies of national significance" which will not be privatized, the official said. He said sell-offs would primarily target transport, communications, and construction assets.
Turkmenistan’s GDP Ups by 11.1 Percent From Early 2012
In 2012, Turkmenistan’s GDP grew steadily 11.1 percent compared to the previous year, reported Turkmen mass media citing governmental reports.
Panamanian company to take part in development of Turkmenistan’s largest natural gas field
State Corporation "Turkmengeologiya" will sign a contract with “Schlumberger Logelco Inc.” (Republic of Panama) for drilling services, preparation of drilling mud and cementing of casing pipes at three production wells of “Galkynysh” (Revival) gas field.
Turkmenistan, French Dresser Rand Company Discuss Cooperation Prospects in Fuel-energy Complex
President Berdymukhamedov received the president and chief executive officer of Dresser-Rand Group, Inc. Vincent R. Volpe, the Turkmen government reported. During the meeting, they discussed prospects of cooperation in the fuel and energy sector, and, the provision of compressor equipment, servicing of oil and gas facilities and the gas processing infrastructure, as well as training of specialists. The government report said that the head of the French company stressed the desire of European businesses to expand their presence in the promising Turkmen market. Dresser-Rand is among the largest global suppliers of custom-engineered rotating equipment solutions for long-life, critical applications in the oil, gas, chemical, petrochemical, process, power, military, and other industries worldwide, including the environmental market space within energy infrastructure.
Sources: trend.az, investor.dresser-rand.com
Head of Turkmen Space Agency to Visit France
The Chairman of the National Space Agency under the President of Turkmenistan, Alladurdy Atayev, will visit Cannes (France), to analyse and evaluate the work done within the framework of the project “Construction and Launch into Space of the Man-Made Space Satellite System of Turkmenistan.” Turkmenistan plans to acquire its own communications space satellite and has signed a contract with French company “Thales Alenia Space” for the design, construction, and launch of the first Turkmen space satellite. Turkmenistan also signed a contract with “Space Systems International - Monaco SAM” company for leasing a place on the orbit. The satellite launch is scheduled for late 2014.
Turkish company to implement major infrastructure project in Turkmenistan
Turkmenistan Airlines (Turkmenistan Hava Yolları) has entrusted construction of an international airport with a capacity of 1600 passengers per hour in Ashgabat by August 2016 to the Turkish company Polimeks. The project, which will cost about $2.2 billion, will begin in January 2013.
Iran stops swapping furnace oil with Iraq and Turkmenistan
Iran has stopped trading furnace oil with Iraq and Turkmenistan as the quality of the traded products has not met standards set by the Iranian National Oil Company, reported Iranian agency Pana News.