X
X

Turkmenistan Economic News

President Berdymukhamedov Calls for Expedited Construction of East – West Pipeline
A recent governmental meeting in Turkmenistan focused on the construction of the East-West gas pipeline with a capacity of 30 billion cubic meters per year, which will connect the eastern part of Turkmenistan with the Caspian region, Turkmen television reported. According to the report, President Berdymukhamedov stressed the need to accelerate the construction of the pipeline, which should improve the reliability of the supply of new industrial facilities put into operation in various industrial fields. The implementation of the project is of great importance from the point of view of increasing exports of Turkmen energy resources to world markets, the Turkmen leader said.
Source: trend.az  

Vice Minister: Export of energy resources to Europe a priority for Turkmenistan
The export of energy resources to Europe is the priority of Turkmenistan's international strategy, Deputy Minister of Petroleum and Natural Resources of Turkmenistan Annageldy Mammetyazov said at the international conference “Caspian Oil and Gas 2013” in Azerbaijan’s capital, Baku. According to Mammetyazov, the key point in this matter is the Trans-Caspian Gas Pipeline. Speaking on the issue of the unresolved status of the Caspian Sea, Mammetyazov said that Turkmenistan is ready for direct and open discussions with all parties and that Turkmenistan has much to offer to the changing global energy market. He noted that the country is rich with energy resources, but needs investment and is willing to establish business relations with all interested parties.
Source: trend.az  

Ashgabat Hosted Meeting of Central Asia Energy Sector Coordination Committee
Ashgabat hosted the XV meeting of the Energy Sector Coordination Committee (ESCC) of the Central Asia Regional Economic Cooperation (CAREC), reported Turkmenistan’s official news agency. The participants, including representatives of Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, China, Mongolia, Pakistan, Tajikistan, Uzbekistan, the Asian Development Bank (ADB), the World Bank (WB), the Islamic Development Bank (IDB) and the United Nations Development Programme (UNDP), discussed development of the Central Asian and South Asian energy corridors and reforms in the energy sector within the framework of the World Trade Organization (WTO).Turkmenistan held the forum for the first time since its accession to CAREC in 2010. The program was developed at the initiative of the ADB, jointly with UNDP, the World Bank, the International Monetary Fund (IMF), the European Bank for Reconstruction and Development EBRD) and the Islamic Development Bank (IDB).
Source: trend.az  

Turkmen-British Trade and Industry Council holds third meeting
The Turkmen-British Trade and Industry Council held its third meeting in Ashgabat. Participants made presentations and reports on priority areas of partnership such as trade, the economic and energy sectors, education and sports. They also discussed British companies’ participation in the preparations for the V Asian Indoor Games and Martial Arts, to be held in Turkmenistan in 2017.
Source: Turkmenistan.ru  

Turkmenistan Makes Another Quiet Purchase Of Warships
Turkmenistan is buying eight new well-armed naval vessels from Turkey, marking a substantial increase in the capability of the country's nascent navy. The ships will be built by Dearsan, the Turkish shipyard which had already been contracted by Turkmenistan for two fast patrol boats. The eight new ships will be of the same size as the two previous ships, but better armed. Each will be equipped with four anti-ship missiles, two remote-controlled MANPADS-sized surface-to-air missile launchers, a 40 mm main gun, a six-barreled anti-submarine mortar, two remote-controlled 12.7 mm guns, and two remote-controlled 25 mm guns. Turkmenistan had already been reported to be acquiring five missile boats from Russia, in addition to the two Dearsan fast patrol boats.
Source: eurasianet.org  

German Company to Provide Consulting Services in Turkmenistan
Turkmenistan’s Ministry of Industry will sign a contract with the German company Edison Technologies KG for consulting services during construction of the glass factory in the Akhal region.
Source: Turkmenistan.ru  

Three Cotton Spinning Enterprises to Start Production in Turkmenistan by 2014
Turkish Norsel International Insaat Dis Ticaret Sanayi Limited is building three cotton mills in the Kunyaurgench district of the Dashoguz region and in the cities of Turkemabat and Seydi of the Lebap region, the Turkmen Ministry of Textile Industry reported. The facilities are to be put into operation in February 2014. The mill in Kunyaurgench will produce 6000 tons of cotton yarn per year; the facility in the city of Seydi will have the same output. The plant in the city of Turkmenabat will produce up to 4000 tons of cotton yarn per year.
Source: trend.az 

Annual turnover of textile enterprises in Turkmenistan approaches 400 million
The annual turnover of the Turkmen textile industry amounted to $380 million, according to the Textile Industry Ministry of Turkmenistan. According to the report, the textile industry of Turkmenistan is represented by 74 companies, including 32 textile complexes, cotton spinning and weaving factories, 17 garment factories, seven enterprises in the silk industry, two enterprises for wool processing, and three for the production of knitwear and other garments. Dozens of textile companies totaling over $1.6 billion in value have been built since Turkmenistan’s independence.
Source: trend.az 

Turkmenistan Economic News

1 / 1
X
> <