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Turkmenistan

10.08.2016

In Turkmenistan, a new international port will be built in Turkmenbashi, on the coast of the Caspian Sea. Its total area of will exceed 645,000 square meters; the structure of this facility will include modern shipbuilding and repair yards. According to the maritime industry sources, the preliminary estimates read that the plants will be capable of building 4-6 ships annually for the needs of the Turkmen fleet, while also repairing 20-30 vessels during the same period.

 

03.08.2016

According to the Ministry of Foreign Affairs of Turkmenistan, Turkmen Foreign Minister R. Meredov and Patrick Pascal, the incumbent Ambassador Extraordinary and Plenipotentiary of France in the Turkmen Republic, held a meeting on August 1.

 

25.07.2016

Turkmenistan has tightened restrictions on the purchase of foreign currency for both legal and natural persons. According to local media, currently exchange operations are carried out only by commercial banks, and their access to foreign exchange resources is limited. The reason of such restrictions is the sharp decline in revenues of the state budget due to the reduced volumes of export supplies of hydrocarbon raw materials (primarily natural gas): by 41.5 percent in Q1 2016.

 

22.07.2016

In September 2016, a new constitution will be adopted in Turkmenistan. This should occur in Ashgabat on the 14th, during a meeting of the Council of Elders. On July 20, local media reported that the decree on convening the Council, as well as the regulation regarding its conduct were signed by President Gurbanguly Berdimuhamedov. Besides the delegation of elders coming from all regions of the country, the Council of Elders will be participated by the entire government team of the state, including the Parliament of Turkmenistan.

15.07.2016

The Turkmen State Concern “Turkmengaz” intends to accelerate the pace of work at the country's largest super-giant gas fields “Galkynysh.” This is stated in the press release published on July 12 by the Ministry of Oil and Gas. According to the department, this acceleration will be largely facilitated by the drilling rigs ZJ-70DBS that were recently acquired in China. All the active production wells at this unique field boast high productivity.

13.07.2016

Representatives of Chinese business circles have declared their readiness to further expand their presence in Turkmenistan through active participation in development of the promising market of this Central Asian country. According to the statement of the Turkmen government, during the meeting between President of Turkmenistan Gurbanguly Berdimuhamedov and representatives of the CNPC (China National Petroleum Corporation) Gunsunom Lu and Wang Yilin, there were discussed the prospects for further expansion of business cooperation of the two countries.

13.07.2016

Turkmenistan considers the promising options and routes of exporting electricity to neighboring countries of the region, primarily Pakistan and Tajikistan. According to the report of the Government, the export potential will be significantly expanded by the newly commissioned gas turbine power plant in Lebap Province. Its design capacity is 245 MW; the construction project has been implemented by the Turkish company “Çalyk Enerji Sanayi we Ticaret A.Ş.”

 

09.07.2016

In 2015, the medical industry of Turkmenistan showed a 38 percent growth as compared to the year 2014. According to experts, this growth rate can be maintained until the end of 2016. This is possible thanks to the efficient development of enterprises related to the “Turkmendermansenagat” group, which is the largest manufacturer of medical devices in the country. In terms of money, the company's 2015 production volume is about 2.4 times higher than it was in 2011.

 

02.07.2016

For the last few days, Turkmenistan has been facing problems related to access to the Internet, as reported by some media. According to “Radio Ozodlik,” 3G Internet was disconnected on June 25. The reasons for the shutdown of the World Network for more than 5 million people have not been commented upon by the authorities.

01.07.2016

The French company CIFAL has confirmed its intention to participate actively in implementation of the project for construction of the gas pipeline TAPI (Turkmenistan – Afghanistan – Pakistan – India). This is stated in the announcement of the Turkmen government that was distributed on June 29. The document also notes that head of CIFAL Gilles Remy met with Turkmen President Gurbanguly Berdimuhamedov a few days ago Ashgabat, and there were voiced specific proposals regarding the project.