IIKSS Search

Fresh oil explorations in Caspian Sea Energy

TEHRAN, Jun. 24 (MNA) – A trilateral agreement has returned exploration teams of the Oil Ministry to Caspian Sea blocks. The first oil field in Caspian Sea deep waters was discovered four years ago;

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Legal Status of Caspian Sea Legal Issues

 Legal Status of Caspian Sea Introduction The Caspian Sea is the biggest enclosed body of water on Earth, having an even larger area than that of the American Great Lakes or that of Lake Victoria in East Africa. The length of the

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Caspian Sea Region: Legal Issues Legal Issues

CASPIAN SEA ISSUES Questions surrounding the legal status of the Caspian Sea have hindered--but not stopped--further development of the Sea's mineral resources. Since the fall of the Soviet Union in 1991 led to the independence of three new countries

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Turkmenistan connects oil output growth with Caspian Sea Energy

Ashgabat, Turkmenistan, Feb. 19 By Huseyn Hasanov– Trend: Turkmenneft State Concern starts implementation of plans on the development of the Turkmen sector of the Caspian Sea, Turkmen Oil and Gas Ministry said. Turkmenistan’s sea resources are estimated at 12 billion tons of oil

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Turkmenistan discussing TAPI pipeline construction pace Energy

By Huseyn Hasanov – Trend: A report on the construction pace of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was delivered at a meeting of the Turkmen Cabinet of Ministers, the Turkmen government said Feb. 27. It is reported that the work is carried

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Once more on the Trans-Caspian Gas Pipeline Energy

Diplomatic attention has intensified on the project of the Trans-Caspian Gas Pipeline (TCGP) while both obstacles to and incentives for its realization increase. Turkmenistan's commitment to the project may be inferred from the finally completed construction of its East-West Pipeline

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Turkmenistan to increase production of high-octane gasoline Energy

By Huseyn Hasanov– Trend: With commissioning alkylation units and isomerization at Turkmenbashi Complex of Oil Refineries (TCOR), it will be possible to produce additional 480,000 tons of high-octane gasoline (А-92, А-95 and А-98) per year, said the message from Turkmenistan’s Oil

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Ashgabat, Prague eyeing expanded partnership Investment

By Huseyn Hasanov – Trend: Turkmenistan and the Czech Republic discussed the expansion of cooperation and the possibility of partnership in the fuel and energy industry, transportation and communications sectors, read a Turkmen government message, released March 18. These discussions took place

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Turkmenistan starts welding TAPI pipeline’s linear part Energy

Trend: Turkmennebitgazgurlushyk (“Turkmenneftegazstroy”) state concern has begun welding the pipes of the linear part of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline’s Turkmen section. More than 100 units of special equipment are being used within current work, a message released by Turkmen Oil and Gas

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Turkmenistan aims to diversify fuel & energy industry Energy

Trend: During a meeting of the Turkmen cabinet of ministers, the country’s president, Gurbanguly Berdimuhamedov, gave a number of instructions on further implementing the adopted programs of development, modernization and diversification of the national fuel and energy industry. These steps are meant

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Turkmenistan makes discount to Turkey for cargo transportation Investment

Trend: Turkmenistan has made a 20-percent discount to Turkey for cargo transportation through the Caspian Sea, Istanbulhaber online newspaper quoted Fatih Sener, executive director of Turkish International Transporters’ Association, as saying March 28. Sener noted that Turkmenistan’s government made a decision on

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Turkmen parliament adopts trading activity law Legal Issues

Trend: Parliament of Turkmenistan approved and adopted the bill “On Trading Activity”, according to the Turkmen government’s message issued March 28. The bill was passed at a parliament meeting, during which the MPs stressed that systematic work on creation of goods surplus

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Turkmenistan eyes developing fuel and energy complex Energy

Energy-rich Turkmenistan will continue to realize programs and projects envisaging further development, modernization and diversification of the national fuel and energy complex. Such an instruction was given by President Gurbanguly Berdymukhamedov at the recent meeting of the Cabinet of Ministers, the

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Oil in the Caspian Region Energy

The Caspian Sea region has become a central focal point for untapped oil and natural gas resources from the southern portion of the former Soviet Union. Beginning in May 2005, oil from the southern sections of the Caspian Sea began

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Turkmenistan starts drilling another well at Galkynysh field Energy

Turkmenistan starts drilling another well at Galkynysh field Energy-rich Turkmenistan, which sits on huge natural gas reserves (265 trillion cubic feet of proven gas reserves, according to the Energy Information Administration, January 2015), continues large-scale works on the accelerated commercial development

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Caspian Sea littoral states eye economic cooperation Investment

Caspian Sea littoral states eye economic cooperation Trend: Deputy foreign ministers of the Caspian Sea littoral states have discussed expansion of economic cooperation at a meeting in Baku, an Iranian deputy foreign minister said. The Islamic Republic of Iran believes in the

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Turkmenistan advancing on South Asian gas market Energy

Turkmenistan advancing on South Asian gas market Trend: Despite skepticism of some experts regarding the progress of construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, which dates back to 2010, the deal started rolling. The State Concern 'Turkmengaz',

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Globalink crosses the Caspian Investment

Globalink crosses the Caspian Kazakhstan headquartered Globalink Logistics Group has coordinated the delivery of out-of-gauge machinery and construction equipment from Yolotan, Turkmenistan to an oilfield site across the Caspian Sea at Atyrau. The Globalink teams in Kazakhstan and Turkmenistan prepared

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Turkmenistan intensifies development of Caspian Sea shelf Energy

Turkmenistan intensifies development of Caspian Sea shelf Trend: Turkmenistan can become a mighty industrial power and a major exporter of chemical products, the 'Neutral Turkmenistan' newspaper reported. The implementation of the project for constructing a gas chemical complex in Kiyanly village of

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ECO-Caspian energy transition through gas Energy

ECO-Caspian energy transition through gas The oil price slide since mid-2014 has severely constrained economic growth and investment in the Economic Cooperation Organization (ECO) & Caspian region. Despite this, regional governments nevertheless expect an improved market climate &

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Turkmenistan, Italy studying joint projects Energy

Turkmenistan, Italy studying joint projects Trend: Turkmenistan and Italy have great opportunities to diversify the cooperation and implement joint projects in various spheres, says the Turkmen President Gurbanguly Berdimuhamedov. He made the remarks during a meeting of the Cabinet of Ministers, read

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Gas fields development in Turkmen Karakum Desert kicks off Energy

Gas fields development in Turkmen Karakum Desert kicks off Trend: The Turkmen State Concern 'Turkmennebitgazgurlushyk' has started development of a group of gas and condensate fields 'Zeakli-Derveze' in the Central Karakum Desert in Turkmenistan since early 2016, the country's oil and

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Turkmenistan keen to become major exporter of chemicals Energy

Turkmenistan keen to become major exporter of chemicals Turkmenistan can become a powerful industrial power and a major exporter of chemical products, the Neutral Turkmenistan newspaper reported. The construction of a gas chemical complex on the Caspian Sea shore, exactly in

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Turkmenistan intensifies development of Caspian Sea shelf Energy

Turkmenistan intensifies development of Caspian Sea shelf Turkmenistan's President Gurbanguly Berdimuhamedov has given instructions regarding the development of hydrocarbon resources in the country's Caspian Sea shelf, read a message from Turkmenistan's government. This issue was discussed during the meeting of the

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Turkmenistan-EU joint project on energy efficiency Energy

Turkmenistan-EU joint project on energy efficiency Turkmenistan and the European Union have launched a joint project on the implementation of strategies for sustainable development in Turkmenistan to help the country in the rational use of natural resources and energy, newspaper

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Turkmenistan to host int’l gas congress in May Energy

Turkmenistan to host int’l gas congress in May   The seventh International Gas Congress of Turkmenistan is planned to be held May 19-20, 2016 at 'Avaza' national tourist zone, the event organizer Turkmengaz state concern announced. The forum will bring together around

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Turkmenistan should focus on developing Caspian oil fields Energy

Turkmenistan should focus on developing Caspian oil fields   Turkmenistan's President Gurbanguly Berdimuhamedov has emphasized the necessity of accelerating the work on developing the country's large oil and gas fields and paying special attention to the Turkmen sector of the Caspian

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No Way Out Ecosystem

No Way Out The fate of the Caspian seal may have been decided five million years ago. The smallest earless seal on Earth, Pusa caspica, is the only mammal in the Caspian Sea. It is atop the aquatic food chain in this

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Iran-Turkmenistan daily truck traffic to soar Investment

Iran-Turkmenistan daily truck traffic to soar Road minister has voiced Tehran’s readiness to provide grounds for promotion of daily truck traffic between Iran and Turkmenistan. Speaking at a meeting in Tehran with Turkmenistan’s Foreign Minister Raşit Öwezgeldiýewiç Meredow,

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Turkmenistan looking to Belarus as a transit partner Investment

Turkmenistan looking to Belarus as a transit partner Turkmenistan views Belarus as a promising partner in a large-scale transit project, Turkmenistan President Gurbanguly Berdymukhammedov told reporters after his talks with Belarus President Alexander Lukashenko in Minsk on May 11, BelTA

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EU eyes Turkmenistan as potential gas supplier Energy

EU eyes Turkmenistan as potential gas supplier European countries view hydrocarbon-rich Turkmenistan as one of the main suppliers of natural gas. The remark was made by Head of the OSCE Center in Ashgabat Ivo Petrov during the meeting with Turkmen President

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Iran to build 50MW wind farm in Kazakhstan Energy

Iran to build 50MW wind farm in Kazakhstan Iran has signed an agreement with Kazakhstan towards building a 50-megawatt wind power plant in the west of Kazakhstan on the Caspian Sea coast within 18 months, a report said. The agreement with

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Socar and Uzbekneftegaz join forces in Uzbekistan Energy

Socar and Uzbekneftegaz join forces in Uzbekistan   Socar and Uzbekneftegaz join forces in Uzbekistan Azerbaijan state-run energy company Socar has signed a memorandum for cooperation and joint activity with its Uzbek counterpart Uzbekneftegaz, the national holding company. The two entities have agreed to

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Int’l gas congress opens in Turkmenistan Energy

Int’l gas congress opens in Turkmenistan   Opening of the 7th international Turkmenistan Gas Congress 2016 (TGC 2016) has been held at the congress center of Turkmenistan's Avaza. The organizers of the event are Turkmengaz state concern and the British Summit Trade

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Baku to Allow Turkmen Gas into Tanap Energy

Baku to Allow Turkmen Gas into Tanap   Azerbaijan’s energy minister Natig Aliev says Baku and Ashgabat are negotiating a deal to enable Turkmenistan to supply gas to the European Union through the Southern Gas Corridor (SGC). “There are two pragmatic ways; first

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EBRD Mulls SGC Loan Energy

EBRD Mulls SGC Loan EBRD Mulls SGC Loan The European Bank for Reconstruction and Development (EBRD) is ready to support the southern gas corridor (SGC) project, its president Suma Chakrabarti told reporters in Baku May 25. Chakrabarti said the EBRD has firmly committed

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ARETI shows interest in further cooperation with Turkmenistan Investment

ARETI shows interest in further cooperation with Turkmenistan   ARETI International Group of companies is interested in joining projects implemented in different spheres of Turkmenistan’s economy. During his meeting with President Gurbanguly Berdimuhamedov, Chairman of the ARETI International Group of Companies Igor

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Caspian Overview: China Eyes Growth in Azerbaijan Energy

Caspian Overview: China Eyes Growth in Azerbaijan   China has held negotiations with Azerbaijan’s state oil company (Socar) over a $17bn downstream project twice in the last two months, this time leading to a memorandum of understanding. China National Petroleum Corp (CNPC) has

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Turkmenistan to host 3rd Iran-Project expo Investment

Turkmenistan to host 3rd Iran-Project expo   Turkmenistan is to host the 3rd edition of Iran's exclusive exhibition of oil, gas and petrochemicals, water and electricity, construction industry as well as engineering and technical services, known as “Iran Project-2016”,

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Georgia Plans for Energy Overhaul Energy

Georgia Plans for Energy Overhaul   Georgia is looking to win formal approval to join Europe's Energy community this October, making the country a more competitive location and partner for energy projects, the Georgian government said June 9. In a wide-ranging presentation, which

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Port Of Call Investment

Port Of Call The Chabahar port in Iran will help India get direct access to Central Asian markets. For India Inc, it is a huge business opportunity. On September 1, 2014, when Prime Minister Narendra Modi was on his maiden visit

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Turkmen geologists to focus on oil fields search Energy

Turkmen geologists to focus on oil fields search   The search for oil fields is currently one of the priority directions of geological exploration work of "Turkmengeology" - the government's organization in the field of geological exploration, said the message of

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Caspian Overview: Azerbaijan Talks with Gazprom Energy

Caspian Overview: Azerbaijan Talks with Gazprom Azerbaijan’s energy monpoly Socar produced 5.4% less gas in the first five months of the year than in the same period of 2015. Output stood at 2.65bn m3, according to Socar’s latest figures, of

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Focus on Caucasian pit viper Ecosystem

Focus on Caucasian pit viper   Vipers are the most efficient poisonous snakes of all. Their long fangs can inject venom deep into a victim. The venom acts mainly on the blood and muscles of the prey. Vipers usually have

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Turkmenistan, China eye further co-op Investment

Turkmenistan, China eye further co-op   Turkmenistan and China have confirmed their readiness to further enhance economic partnership in view of its enormous potential, national interests and a common vision for the future of the Asian region, the Turkmen government reported

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Barter Enables Iran-Turkmenistan Gas Trade Energy

Iran will import gas worth $30bn from Turkmenistan over the next ten years in exchange for engineering goods and services of the same value. Oil ministry representative Mohammad Taqi Amanpour said June 27 that the two countries had finalized $2.5bn of

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Iran, Turkmenistan to launch banking ties Investment

Iran, Turkmenistan to launch banking ties   Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between

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Iran, Turkmenistan to launch banking ties Investment

Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between countries as well as banking relations

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Caspian Overview: Major Upstream Investment Approved Energy

Caspian Overview: Major Upstream Investment Approved   Kazakhstan and the Chevron-led consortium Tengiz Chevroil (TCO) approved on July 5 a $36.8bn plan to expand the giant Tengiz field, which has 45% of the country’s total production now. The sides plan to increase

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Exports of Razavi Food Company soar Investment

Exports of Razavi Food Company soar   Supervisor of Razavi Food Products Company has reported a 49-percent rise in exports of the company’s products within the first three months of the current year (began March 20). In an

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Europe works on Turkmen gas import Energy

Europe works on Turkmen gas import   The European Commission is following and implementing the Ashgabat declaration from 2015 on energy cooperation with Azerbaijan, Turkmenistan and Turkey, a source in the European Commission told Trend. Within the implementation of this declaration the

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Turkmenistan, France strengthening co-op Political and military events

Turkmenistan, France strengthening co-op   Turkmenistan’s Foreign Minister Rashid Meredov met with France’s extraordinary and plenipotentiary ambassador Patrick Pascal, said the message from Turkmenistan’s Foreign Ministry. Pascal is completing his diplomatic mission in Turkmenistan. During the meeting, the parties expressed intention to further

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Kazakhstan-Ukraine Trade Crashes Investment

Kazakhstan-Ukraine Trade Crashes   143 train cars, blocked at the Ukraine-Russia border, explain why. In the first eight months of 2016, 143 train cars laden with goods destined primarily for Kazakhstan, but also Kyrgyzstan, were stopped at the Russian-Ukrainian

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August 12 marks Day of Caspian Sea cultural

August 12 marks Day of Caspian Sea   August 12 marks the Day of the Caspian Sea, the largest land-locked body of water on earth. The Framework Convention for the Protection of the Marine Environment of the Caspian Sea, also known as

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Turkmenistan, Germany to sign some documents Investment

Turkmenistan, Germany to sign some documents   Turkmen President Gurbanguly Berdimuhamedov intends to pay a working visit to Germany August 29-30, the Turkmen government said Aug. 27. According to the message, several documents are planned to be signed as part of the

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Turkmenistan seeks to deliver its hydrocarbons to West Energy

Turkmenistan seeks to deliver its hydrocarbons to West   Turkmenistan, an energy-rich Central Asian nation with abundant hydrocarbon reserves, is keen to diversify the routes of its gas export. Being the sixth in the world for the volume of natural gas reserves, the

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Turkmenistan discussing Caspian Sea agreements Legal Issues

Turkmenistan discussing Caspian Sea agreements   Another meeting of the Turkmen Interdepartmental Commission on the Caspian Sea was held in Ashgabat, the Turkmen government said Sept. 6. According to the message, the draft agreements on trade and economic cooperation among the Caspian-littoral

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NICO, Total to sign oil swap contract Energy

NICO, Total to sign oil swap contract   Iran’s Naftiran Intertrade Company Sàrl (NICO) and France’s Total S.A. Company have agreed on sealing an oil swap deal. Naftiran Intertrade Company Sàrl (NICO), a Swiss-based subsidiary of the National

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Putin and Berdimuhamedov meet in Moscow Investment

Today, the Russian President Vladimir Putin met with the Turkmen President Gurbanguly Berdimuhamedov in Moscow. The two leaders discussed key issues of bilateral cooperation and exchange views on important regional issues during the talks. Russian President noted that

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Ashgabat, Kuala Lumpur to expand business ties Investment

IIKSS- Turkmenistan and Malaysia aim at enhancing of the mutually beneficial cooperation in trade, energy sector, as well as petrochemical, gas chemical, textile, food sectors, the Turkmen state news agency (TDH) reported. Meanwhile, the Turkmen President Gurbanguly Berdimuhamedov

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Turkmenistan artificially farms sturgeons Fishing

IIKSS - Turkmenistan artificially farms sturgeon which will contribute to the conservation of the unique biodiversity of the Caspian Sea, the newspaper “Neutral Turkmenistan” reported. An important role in this will play a fish-breeding complex, built in the

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New gas reserves found in Turkmenistan Energy

IIKSS - Turkmen Geology State Corporation has discovered new rich gas deposits in the exploitation well at the Chelekbay site located in the north-western part of the giant Galkynysh field, the Oil and Gas Complex of Turkmenistan said

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Saudi agency to offer $500 mn loan for TAPI project Energy

IIKSS - Saudi Arabia-based Islamic Development Bank had agreed to provide USD 500 million loan to part-finance the USD 15 billion Turkmenistan-Afghanistan- Pakistan-India (TAPI) natural gas pipeline project. "An agreement to provide for the Islamic Development Bank (IsDB)

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The participants of international forum, organized by the Ministry of Foreign Affairs of Turkmenistan, highly estimate creative character of neutral status of our country Political and military events

IIKSS - International theoretical and practical conference “The Neutrality of Turkmenistan and International Practice: New Achievements of Cooperation for Stable Development” was held in the conference hall of the Institute of International Relations of the Ministry of Foreign

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Turkmenistan offers discounts to foreign airlines Investment

IIKSS - In a move to improve the appeal of Turkmenistan’s airports for international airlines, the country’s authorities are offering discounts off airport charges for foreign carriers, according to TurkmenPortal newswire. The discount rate will depend on the

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Baku, Astana mull legal status of Caspian Sea Legal Issues

IIKSS - Azerbaijan and Kazakhstan have held consultations on the legal status of the Caspian Sea in Baku. Deputy Foreign Minister Khalaf Khalafov represented Azerbaijan, while ambassador-at-large at the Foreign Ministry Zulfiya Amanzholova attended the consultations on behalf

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The Permanent Representatives of Turkmenistan to the UN Food and Agricultural Organization and the Organization for the Prohibition of Chemical Weapons are appointed Political and military events

IIKSS - By the Decree of President Gurbanguly Berdimuhamedov, Berdimyrat Rejepov, the Ambassador Extraordinary in Plenipotentiary of Turkmenistan to the Republic of Italy (Rome) is appointed as the Permanent Representatives of Turkmenistan to the UN Food and Agricultural

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Railway to connect Iran to Central Asian states Investment

IIKSS - RAI deputy has reported on negotiations for launching railroad connection among Iran, Kazakhstan, Turkmenistan and Tajikistan. Mir-Hassan Mousavi, Deputy of Islamic Republic of Iran Railways (RAI) made the remarks saying “the talks have kicked off in

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Turkmenistan joins ICAO Public Key Directory Investment

IIKSS - President of Turkmenistan Gurbanguly Berdymuhamedov signed the order, tasking the State Customs Service to make arrangements necessary for Turkmenistan's inclusion into the Public Key Directory of the International Civil Aviation Organization. The State Migration Service will

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Turkmenistan spends over $5B on construction in 2016 Investment

IIKSS - Turkmenistan commissioned 202 facilities with a total worth of over $5 billion in 2016, the Neutral Turkmenistan newspaper reported. They include the Ashgabat International Airport, the first phase of the Asian International Railway Corridor (Turkmenistan-Afghanistan), a

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Turkmenistan builds hugel complex Energy

IIKSS - Ninety percent of the work has been completed at the polyethylene and polypropylene production complex, which is being built in Turkmenistan’s Balkan region, the Neutral Turkmen newspaper reported. A reservoir park for water, hydrocarbon storage tanks,

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New chairman appointed in Turkmengas Energy

IIKSS - President of Turkmenistan Gurbanguly Berdimuhamedov has decreed to appoint Maksat Babayev as the chairman of the Turkmengas State Concern. Babayev previously served as the deputy chairman in Turkmengas. Turkmenistan is currently eyeing to construct a pipeline

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Turkmenistan eyes export of electricity via Afghanistan Energy

IIKSS - Turkmenistan says there is a plan to build a power transmission line along the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, which is being constructed since December 2015, reports Trend. “In addition to providing electricity to all the infrastructure

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Afghanistan, Turkmenistan Discuss TAPI Project Energy

IIKSS-  Afghan President Ashraf Ghani and his Turkmenian counterpart, Gurbanguly Berdimuhamedov have discussed on the phone implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. Both the leaders on Thursday also discussed further development of bilateral relations and regional

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Turkmenistan to further consider joining WTO Investment

IIKSS- Turkmenistan will further consider the prospects of joining the World Trade Organization (WTO), the ‘Neutral Turkmenistan’ newspaper quoted President Gurbanguly Berdimuhamedov as saying Feb. 21. President Berdimuhamedov made the remarks at a meeting of the Cabinet of

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Turkmenistan seeks expanded trade ties with Iran Investment

IIKSS- Turkmen President Gurbanguly Berdimuhamedov stressed the importance of developing the trade and economic relations with Iran for the strengthening of mutually beneficial partnership. Berdimuhamedov said about this in his message to participants of the specialized exhibition of Iran, which

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Work on TAPI pipeline begins in Pakistan Energy

IIKSS- After being in the works for the past 22 years, the multibillion-dollar Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project got under way on Friday. The pipeline will serve as an energy corridor between Central and South Asia. The inaugural

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Iran-Azerbaijan railway construction launched Investment

IIKSS- Iran has started laying rail tracks on the rail section Astara (Azerbaijan) - Astara (Iran), which is constructed in the framework of the North-South international transport corridor. Governor of Iran’s Astara Port Yunes Ranjkesh said that operations

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Turkmenistan hosting seminar on Caspian Sea issues Investment

IIKSS-The International Ocean Institute (IOI) with the support of Turkmenistan’s Foreign Ministry and the State Enterprise on Caspian Sea Issues under the President of Turkmenistan is holding a seminar in Avaza, titled “Caspian Sea – sustainable development and

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Swapping Turkmenistan Gas a Win-Win Collaboration Energy

Transferring Turkmenistan's gas to Pakistan via Iran-Pakistan gas pipeline, aka Peace Pipeline, will benefit both neighboring states, the National Iranian Gas Company's managing director said. "Concluding swap deals can help Iran consolidate its position in the international gas markets,"

read more

Pakistan, Turkmenistan interested in early implementation of TAPI Energy

Pakistan is interested in intensifying cooperation with Turkmenistan and early completion of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. Pakistani President Mamnoon Hussain made a statement at a meeting with his Turkmen counterpart Gurbanguly Berdimuhamedov. Hussein arrived to Dushanbe to participate in the forum

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Tourism: Focus on Caspian region Tourism

Caspian region is one of the most promising destinations for tourism industry. According to experts, the region will be developed as a new world-class tourist destination of the 21st century. Moreover, the countries surrounding the region are ready to

read more

Caspian Littoral States Sign Environment Protocol Environment

high-level representatives from Azerbaijan, Iran, Kazakhstan, the Russian Federation and Turkmenistan signed the Environment Impact Assessment Protocol under the Tehran Convention during an extraordinary Conference of the Parties on Friday in Moscow, Russia. The protocol will enter into force

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Summit to end Caspian legal limbo Legal Issues

A summit of the Caspian countries will discuss strengthening security amid a chaotic wider region, said a member of Russia’s State Duma Committee on International Affairs Sergey Zheleznyak. And the foreign minister of Kazakhstan, Kairat Abdrakhmanov, said the August

read more

Caspian Sea-Black Sea Transport Investment

As a result of a recent meeting, a Turkmen-Romanian working group cooperating in the field of transport, have decided that in order to progress the signing of the political declaration on the creation of the Caspian Sea-Black Sea transport and transit

read more

Five Countries Reach Deal on Caspian Sea Legal Issues

Iran, the Russian Federation, Kazakhstan, Azerbaijan and Turkmenistan have signed an agreement on the Caspian Sea, the world’s largest enclosed body of water and a region that has been the subject of dispute since the breakup of the Soviet

read more

Turkmenistan launches first CCGT power plant Energy

Turkmenistan has launched its first combined-cycle gas power plant, according to state news agency TDH. The 1.6 GW plant in Mary province has four 263.5 MW GE gas turbines, two 260 MW steam turbines and four heat-recovery boilers. The plant

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Russia To Resume Gas Imports From Turkmenistan Energy

Russia's Gazprom next year will resume imports of natural gas from Turkmenistan that it stopped three years ago, the energy giant's chief executive has said. In an interview with Turkmenistan's state television channel during a visit to Ashgabat

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Turkmenistan prepares for Caspian summit Legal Issues

Turkmenistan is preparing for next year’s sixth Caspian summit and the first Caspian Economic Forum. The secretive state’s organising committee is addressing how to tackle the tricky issues surrounding dividing up the Caspian basin’s resources among the five littoral

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Iran: Oil Survey in Caspian Sea Will Not Stall Legal Issues

K hazar Exploration and Production Company welcomes international companies in the oil industry in the Caspian region but will not wait for them, the managing director said. Speaking in a meeting in Tehran at the weekend, Ali Osuli said better results can be

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IIKSS Search

Iran: Oil Survey in Caspian Sea Will Not Stall Legal Issues

K hazar Exploration and Production Company welcomes international companies in the oil industry in the Caspian region but will not wait for them, the managing director said. Speaking in a meeting in Tehran at the weekend, Ali Osuli said better results can be

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Turkmenistan prepares for Caspian summit Legal Issues

Turkmenistan is preparing for next year’s sixth Caspian summit and the first Caspian Economic Forum. The secretive state’s organising committee is addressing how to tackle the tricky issues surrounding dividing up the Caspian basin’s resources among the five littoral

read more

Russia To Resume Gas Imports From Turkmenistan Energy

Russia's Gazprom next year will resume imports of natural gas from Turkmenistan that it stopped three years ago, the energy giant's chief executive has said. In an interview with Turkmenistan's state television channel during a visit to Ashgabat

read more

Turkmenistan launches first CCGT power plant Energy

Turkmenistan has launched its first combined-cycle gas power plant, according to state news agency TDH. The 1.6 GW plant in Mary province has four 263.5 MW GE gas turbines, two 260 MW steam turbines and four heat-recovery boilers. The plant

read more

Five Countries Reach Deal on Caspian Sea Legal Issues

Iran, the Russian Federation, Kazakhstan, Azerbaijan and Turkmenistan have signed an agreement on the Caspian Sea, the world’s largest enclosed body of water and a region that has been the subject of dispute since the breakup of the Soviet

read more

Caspian Sea-Black Sea Transport Investment

As a result of a recent meeting, a Turkmen-Romanian working group cooperating in the field of transport, have decided that in order to progress the signing of the political declaration on the creation of the Caspian Sea-Black Sea transport and transit

read more

Summit to end Caspian legal limbo Legal Issues

A summit of the Caspian countries will discuss strengthening security amid a chaotic wider region, said a member of Russia’s State Duma Committee on International Affairs Sergey Zheleznyak. And the foreign minister of Kazakhstan, Kairat Abdrakhmanov, said the August

read more

Caspian Littoral States Sign Environment Protocol Environment

high-level representatives from Azerbaijan, Iran, Kazakhstan, the Russian Federation and Turkmenistan signed the Environment Impact Assessment Protocol under the Tehran Convention during an extraordinary Conference of the Parties on Friday in Moscow, Russia. The protocol will enter into force

read more

Tourism: Focus on Caspian region Tourism

Caspian region is one of the most promising destinations for tourism industry. According to experts, the region will be developed as a new world-class tourist destination of the 21st century. Moreover, the countries surrounding the region are ready to

read more

Pakistan, Turkmenistan interested in early implementation of TAPI Energy

Pakistan is interested in intensifying cooperation with Turkmenistan and early completion of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. Pakistani President Mamnoon Hussain made a statement at a meeting with his Turkmen counterpart Gurbanguly Berdimuhamedov. Hussein arrived to Dushanbe to participate in the forum

read more

Swapping Turkmenistan Gas a Win-Win Collaboration Energy

Transferring Turkmenistan's gas to Pakistan via Iran-Pakistan gas pipeline, aka Peace Pipeline, will benefit both neighboring states, the National Iranian Gas Company's managing director said. "Concluding swap deals can help Iran consolidate its position in the international gas markets,"

read more

Turkmenistan hosting seminar on Caspian Sea issues Investment

IIKSS-The International Ocean Institute (IOI) with the support of Turkmenistan’s Foreign Ministry and the State Enterprise on Caspian Sea Issues under the President of Turkmenistan is holding a seminar in Avaza, titled “Caspian Sea – sustainable development and

read more

Iran-Azerbaijan railway construction launched Investment

IIKSS- Iran has started laying rail tracks on the rail section Astara (Azerbaijan) - Astara (Iran), which is constructed in the framework of the North-South international transport corridor. Governor of Iran’s Astara Port Yunes Ranjkesh said that operations

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Work on TAPI pipeline begins in Pakistan Energy

IIKSS- After being in the works for the past 22 years, the multibillion-dollar Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project got under way on Friday. The pipeline will serve as an energy corridor between Central and South Asia. The inaugural

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Turkmenistan seeks expanded trade ties with Iran Investment

IIKSS- Turkmen President Gurbanguly Berdimuhamedov stressed the importance of developing the trade and economic relations with Iran for the strengthening of mutually beneficial partnership. Berdimuhamedov said about this in his message to participants of the specialized exhibition of Iran, which

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Turkmenistan to further consider joining WTO Investment

IIKSS- Turkmenistan will further consider the prospects of joining the World Trade Organization (WTO), the ‘Neutral Turkmenistan’ newspaper quoted President Gurbanguly Berdimuhamedov as saying Feb. 21. President Berdimuhamedov made the remarks at a meeting of the Cabinet of

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Afghanistan, Turkmenistan Discuss TAPI Project Energy

IIKSS-  Afghan President Ashraf Ghani and his Turkmenian counterpart, Gurbanguly Berdimuhamedov have discussed on the phone implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. Both the leaders on Thursday also discussed further development of bilateral relations and regional

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Turkmenistan eyes export of electricity via Afghanistan Energy

IIKSS - Turkmenistan says there is a plan to build a power transmission line along the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, which is being constructed since December 2015, reports Trend. “In addition to providing electricity to all the infrastructure

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New chairman appointed in Turkmengas Energy

IIKSS - President of Turkmenistan Gurbanguly Berdimuhamedov has decreed to appoint Maksat Babayev as the chairman of the Turkmengas State Concern. Babayev previously served as the deputy chairman in Turkmengas. Turkmenistan is currently eyeing to construct a pipeline

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Turkmenistan builds hugel complex Energy

IIKSS - Ninety percent of the work has been completed at the polyethylene and polypropylene production complex, which is being built in Turkmenistan’s Balkan region, the Neutral Turkmen newspaper reported. A reservoir park for water, hydrocarbon storage tanks,

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Turkmenistan spends over $5B on construction in 2016 Investment

IIKSS - Turkmenistan commissioned 202 facilities with a total worth of over $5 billion in 2016, the Neutral Turkmenistan newspaper reported. They include the Ashgabat International Airport, the first phase of the Asian International Railway Corridor (Turkmenistan-Afghanistan), a

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Turkmenistan joins ICAO Public Key Directory Investment

IIKSS - President of Turkmenistan Gurbanguly Berdymuhamedov signed the order, tasking the State Customs Service to make arrangements necessary for Turkmenistan's inclusion into the Public Key Directory of the International Civil Aviation Organization. The State Migration Service will

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Railway to connect Iran to Central Asian states Investment

IIKSS - RAI deputy has reported on negotiations for launching railroad connection among Iran, Kazakhstan, Turkmenistan and Tajikistan. Mir-Hassan Mousavi, Deputy of Islamic Republic of Iran Railways (RAI) made the remarks saying “the talks have kicked off in

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The Permanent Representatives of Turkmenistan to the UN Food and Agricultural Organization and the Organization for the Prohibition of Chemical Weapons are appointed Political and military events

IIKSS - By the Decree of President Gurbanguly Berdimuhamedov, Berdimyrat Rejepov, the Ambassador Extraordinary in Plenipotentiary of Turkmenistan to the Republic of Italy (Rome) is appointed as the Permanent Representatives of Turkmenistan to the UN Food and Agricultural

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Baku, Astana mull legal status of Caspian Sea Legal Issues

IIKSS - Azerbaijan and Kazakhstan have held consultations on the legal status of the Caspian Sea in Baku. Deputy Foreign Minister Khalaf Khalafov represented Azerbaijan, while ambassador-at-large at the Foreign Ministry Zulfiya Amanzholova attended the consultations on behalf

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Turkmenistan offers discounts to foreign airlines Investment

IIKSS - In a move to improve the appeal of Turkmenistan’s airports for international airlines, the country’s authorities are offering discounts off airport charges for foreign carriers, according to TurkmenPortal newswire. The discount rate will depend on the

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The participants of international forum, organized by the Ministry of Foreign Affairs of Turkmenistan, highly estimate creative character of neutral status of our country Political and military events

IIKSS - International theoretical and practical conference “The Neutrality of Turkmenistan and International Practice: New Achievements of Cooperation for Stable Development” was held in the conference hall of the Institute of International Relations of the Ministry of Foreign

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Saudi agency to offer $500 mn loan for TAPI project Energy

IIKSS - Saudi Arabia-based Islamic Development Bank had agreed to provide USD 500 million loan to part-finance the USD 15 billion Turkmenistan-Afghanistan- Pakistan-India (TAPI) natural gas pipeline project. "An agreement to provide for the Islamic Development Bank (IsDB)

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New gas reserves found in Turkmenistan Energy

IIKSS - Turkmen Geology State Corporation has discovered new rich gas deposits in the exploitation well at the Chelekbay site located in the north-western part of the giant Galkynysh field, the Oil and Gas Complex of Turkmenistan said

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Turkmenistan artificially farms sturgeons Fishing

IIKSS - Turkmenistan artificially farms sturgeon which will contribute to the conservation of the unique biodiversity of the Caspian Sea, the newspaper “Neutral Turkmenistan” reported. An important role in this will play a fish-breeding complex, built in the

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Ashgabat, Kuala Lumpur to expand business ties Investment

IIKSS- Turkmenistan and Malaysia aim at enhancing of the mutually beneficial cooperation in trade, energy sector, as well as petrochemical, gas chemical, textile, food sectors, the Turkmen state news agency (TDH) reported. Meanwhile, the Turkmen President Gurbanguly Berdimuhamedov

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Putin and Berdimuhamedov meet in Moscow Investment

Today, the Russian President Vladimir Putin met with the Turkmen President Gurbanguly Berdimuhamedov in Moscow. The two leaders discussed key issues of bilateral cooperation and exchange views on important regional issues during the talks. Russian President noted that

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NICO, Total to sign oil swap contract Energy

NICO, Total to sign oil swap contract   Iran’s Naftiran Intertrade Company Sàrl (NICO) and France’s Total S.A. Company have agreed on sealing an oil swap deal. Naftiran Intertrade Company Sàrl (NICO), a Swiss-based subsidiary of the National

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Turkmenistan discussing Caspian Sea agreements Legal Issues

Turkmenistan discussing Caspian Sea agreements   Another meeting of the Turkmen Interdepartmental Commission on the Caspian Sea was held in Ashgabat, the Turkmen government said Sept. 6. According to the message, the draft agreements on trade and economic cooperation among the Caspian-littoral

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Turkmenistan seeks to deliver its hydrocarbons to West Energy

Turkmenistan seeks to deliver its hydrocarbons to West   Turkmenistan, an energy-rich Central Asian nation with abundant hydrocarbon reserves, is keen to diversify the routes of its gas export. Being the sixth in the world for the volume of natural gas reserves, the

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Turkmenistan, Germany to sign some documents Investment

Turkmenistan, Germany to sign some documents   Turkmen President Gurbanguly Berdimuhamedov intends to pay a working visit to Germany August 29-30, the Turkmen government said Aug. 27. According to the message, several documents are planned to be signed as part of the

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August 12 marks Day of Caspian Sea cultural

August 12 marks Day of Caspian Sea   August 12 marks the Day of the Caspian Sea, the largest land-locked body of water on earth. The Framework Convention for the Protection of the Marine Environment of the Caspian Sea, also known as

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Kazakhstan-Ukraine Trade Crashes Investment

Kazakhstan-Ukraine Trade Crashes   143 train cars, blocked at the Ukraine-Russia border, explain why. In the first eight months of 2016, 143 train cars laden with goods destined primarily for Kazakhstan, but also Kyrgyzstan, were stopped at the Russian-Ukrainian

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Turkmenistan, France strengthening co-op Political and military events

Turkmenistan, France strengthening co-op   Turkmenistan’s Foreign Minister Rashid Meredov met with France’s extraordinary and plenipotentiary ambassador Patrick Pascal, said the message from Turkmenistan’s Foreign Ministry. Pascal is completing his diplomatic mission in Turkmenistan. During the meeting, the parties expressed intention to further

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Europe works on Turkmen gas import Energy

Europe works on Turkmen gas import   The European Commission is following and implementing the Ashgabat declaration from 2015 on energy cooperation with Azerbaijan, Turkmenistan and Turkey, a source in the European Commission told Trend. Within the implementation of this declaration the

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Exports of Razavi Food Company soar Investment

Exports of Razavi Food Company soar   Supervisor of Razavi Food Products Company has reported a 49-percent rise in exports of the company’s products within the first three months of the current year (began March 20). In an

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Caspian Overview: Major Upstream Investment Approved Energy

Caspian Overview: Major Upstream Investment Approved   Kazakhstan and the Chevron-led consortium Tengiz Chevroil (TCO) approved on July 5 a $36.8bn plan to expand the giant Tengiz field, which has 45% of the country’s total production now. The sides plan to increase

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Iran, Turkmenistan to launch banking ties Investment

Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between countries as well as banking relations

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Iran, Turkmenistan to launch banking ties Investment

Iran, Turkmenistan to launch banking ties   Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between

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Barter Enables Iran-Turkmenistan Gas Trade Energy

Iran will import gas worth $30bn from Turkmenistan over the next ten years in exchange for engineering goods and services of the same value. Oil ministry representative Mohammad Taqi Amanpour said June 27 that the two countries had finalized $2.5bn of

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Turkmenistan, China eye further co-op Investment

Turkmenistan, China eye further co-op   Turkmenistan and China have confirmed their readiness to further enhance economic partnership in view of its enormous potential, national interests and a common vision for the future of the Asian region, the Turkmen government reported

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Focus on Caucasian pit viper Ecosystem

Focus on Caucasian pit viper   Vipers are the most efficient poisonous snakes of all. Their long fangs can inject venom deep into a victim. The venom acts mainly on the blood and muscles of the prey. Vipers usually have

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Caspian Overview: Azerbaijan Talks with Gazprom Energy

Caspian Overview: Azerbaijan Talks with Gazprom Azerbaijan’s energy monpoly Socar produced 5.4% less gas in the first five months of the year than in the same period of 2015. Output stood at 2.65bn m3, according to Socar’s latest figures, of

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Turkmen geologists to focus on oil fields search Energy

Turkmen geologists to focus on oil fields search   The search for oil fields is currently one of the priority directions of geological exploration work of "Turkmengeology" - the government's organization in the field of geological exploration, said the message of

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Port Of Call Investment

Port Of Call The Chabahar port in Iran will help India get direct access to Central Asian markets. For India Inc, it is a huge business opportunity. On September 1, 2014, when Prime Minister Narendra Modi was on his maiden visit

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Georgia Plans for Energy Overhaul Energy

Georgia Plans for Energy Overhaul   Georgia is looking to win formal approval to join Europe's Energy community this October, making the country a more competitive location and partner for energy projects, the Georgian government said June 9. In a wide-ranging presentation, which

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Turkmenistan to host 3rd Iran-Project expo Investment

Turkmenistan to host 3rd Iran-Project expo   Turkmenistan is to host the 3rd edition of Iran's exclusive exhibition of oil, gas and petrochemicals, water and electricity, construction industry as well as engineering and technical services, known as “Iran Project-2016”,

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Caspian Overview: China Eyes Growth in Azerbaijan Energy

Caspian Overview: China Eyes Growth in Azerbaijan   China has held negotiations with Azerbaijan’s state oil company (Socar) over a $17bn downstream project twice in the last two months, this time leading to a memorandum of understanding. China National Petroleum Corp (CNPC) has

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ARETI shows interest in further cooperation with Turkmenistan Investment

ARETI shows interest in further cooperation with Turkmenistan   ARETI International Group of companies is interested in joining projects implemented in different spheres of Turkmenistan’s economy. During his meeting with President Gurbanguly Berdimuhamedov, Chairman of the ARETI International Group of Companies Igor

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EBRD Mulls SGC Loan Energy

EBRD Mulls SGC Loan EBRD Mulls SGC Loan The European Bank for Reconstruction and Development (EBRD) is ready to support the southern gas corridor (SGC) project, its president Suma Chakrabarti told reporters in Baku May 25. Chakrabarti said the EBRD has firmly committed

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Baku to Allow Turkmen Gas into Tanap Energy

Baku to Allow Turkmen Gas into Tanap   Azerbaijan’s energy minister Natig Aliev says Baku and Ashgabat are negotiating a deal to enable Turkmenistan to supply gas to the European Union through the Southern Gas Corridor (SGC). “There are two pragmatic ways; first

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Int’l gas congress opens in Turkmenistan Energy

Int’l gas congress opens in Turkmenistan   Opening of the 7th international Turkmenistan Gas Congress 2016 (TGC 2016) has been held at the congress center of Turkmenistan's Avaza. The organizers of the event are Turkmengaz state concern and the British Summit Trade

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Socar and Uzbekneftegaz join forces in Uzbekistan Energy

Socar and Uzbekneftegaz join forces in Uzbekistan   Socar and Uzbekneftegaz join forces in Uzbekistan Azerbaijan state-run energy company Socar has signed a memorandum for cooperation and joint activity with its Uzbek counterpart Uzbekneftegaz, the national holding company. The two entities have agreed to

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Iran to build 50MW wind farm in Kazakhstan Energy

Iran to build 50MW wind farm in Kazakhstan Iran has signed an agreement with Kazakhstan towards building a 50-megawatt wind power plant in the west of Kazakhstan on the Caspian Sea coast within 18 months, a report said. The agreement with

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EU eyes Turkmenistan as potential gas supplier Energy

EU eyes Turkmenistan as potential gas supplier European countries view hydrocarbon-rich Turkmenistan as one of the main suppliers of natural gas. The remark was made by Head of the OSCE Center in Ashgabat Ivo Petrov during the meeting with Turkmen President

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Turkmenistan looking to Belarus as a transit partner Investment

Turkmenistan looking to Belarus as a transit partner Turkmenistan views Belarus as a promising partner in a large-scale transit project, Turkmenistan President Gurbanguly Berdymukhammedov told reporters after his talks with Belarus President Alexander Lukashenko in Minsk on May 11, BelTA

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Iran-Turkmenistan daily truck traffic to soar Investment

Iran-Turkmenistan daily truck traffic to soar Road minister has voiced Tehran’s readiness to provide grounds for promotion of daily truck traffic between Iran and Turkmenistan. Speaking at a meeting in Tehran with Turkmenistan’s Foreign Minister Raşit Öwezgeldiýewiç Meredow,

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No Way Out Ecosystem

No Way Out The fate of the Caspian seal may have been decided five million years ago. The smallest earless seal on Earth, Pusa caspica, is the only mammal in the Caspian Sea. It is atop the aquatic food chain in this

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Turkmenistan should focus on developing Caspian oil fields Energy

Turkmenistan should focus on developing Caspian oil fields   Turkmenistan's President Gurbanguly Berdimuhamedov has emphasized the necessity of accelerating the work on developing the country's large oil and gas fields and paying special attention to the Turkmen sector of the Caspian

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Turkmenistan to host int’l gas congress in May Energy

Turkmenistan to host int’l gas congress in May   The seventh International Gas Congress of Turkmenistan is planned to be held May 19-20, 2016 at 'Avaza' national tourist zone, the event organizer Turkmengaz state concern announced. The forum will bring together around

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Turkmenistan-EU joint project on energy efficiency Energy

Turkmenistan-EU joint project on energy efficiency Turkmenistan and the European Union have launched a joint project on the implementation of strategies for sustainable development in Turkmenistan to help the country in the rational use of natural resources and energy, newspaper

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Turkmenistan intensifies development of Caspian Sea shelf Energy

Turkmenistan intensifies development of Caspian Sea shelf Turkmenistan's President Gurbanguly Berdimuhamedov has given instructions regarding the development of hydrocarbon resources in the country's Caspian Sea shelf, read a message from Turkmenistan's government. This issue was discussed during the meeting of the

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Turkmenistan keen to become major exporter of chemicals Energy

Turkmenistan keen to become major exporter of chemicals Turkmenistan can become a powerful industrial power and a major exporter of chemical products, the Neutral Turkmenistan newspaper reported. The construction of a gas chemical complex on the Caspian Sea shore, exactly in

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Gas fields development in Turkmen Karakum Desert kicks off Energy

Gas fields development in Turkmen Karakum Desert kicks off Trend: The Turkmen State Concern 'Turkmennebitgazgurlushyk' has started development of a group of gas and condensate fields 'Zeakli-Derveze' in the Central Karakum Desert in Turkmenistan since early 2016, the country's oil and

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Turkmenistan, Italy studying joint projects Energy

Turkmenistan, Italy studying joint projects Trend: Turkmenistan and Italy have great opportunities to diversify the cooperation and implement joint projects in various spheres, says the Turkmen President Gurbanguly Berdimuhamedov. He made the remarks during a meeting of the Cabinet of Ministers, read

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ECO-Caspian energy transition through gas Energy

ECO-Caspian energy transition through gas The oil price slide since mid-2014 has severely constrained economic growth and investment in the Economic Cooperation Organization (ECO) & Caspian region. Despite this, regional governments nevertheless expect an improved market climate &

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Turkmenistan intensifies development of Caspian Sea shelf Energy

Turkmenistan intensifies development of Caspian Sea shelf Trend: Turkmenistan can become a mighty industrial power and a major exporter of chemical products, the 'Neutral Turkmenistan' newspaper reported. The implementation of the project for constructing a gas chemical complex in Kiyanly village of

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Globalink crosses the Caspian Investment

Globalink crosses the Caspian Kazakhstan headquartered Globalink Logistics Group has coordinated the delivery of out-of-gauge machinery and construction equipment from Yolotan, Turkmenistan to an oilfield site across the Caspian Sea at Atyrau. The Globalink teams in Kazakhstan and Turkmenistan prepared

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Turkmenistan advancing on South Asian gas market Energy

Turkmenistan advancing on South Asian gas market Trend: Despite skepticism of some experts regarding the progress of construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, which dates back to 2010, the deal started rolling. The State Concern 'Turkmengaz',

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Caspian Sea littoral states eye economic cooperation Investment

Caspian Sea littoral states eye economic cooperation Trend: Deputy foreign ministers of the Caspian Sea littoral states have discussed expansion of economic cooperation at a meeting in Baku, an Iranian deputy foreign minister said. The Islamic Republic of Iran believes in the

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Turkmenistan starts drilling another well at Galkynysh field Energy

Turkmenistan starts drilling another well at Galkynysh field Energy-rich Turkmenistan, which sits on huge natural gas reserves (265 trillion cubic feet of proven gas reserves, according to the Energy Information Administration, January 2015), continues large-scale works on the accelerated commercial development

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Oil in the Caspian Region Energy

The Caspian Sea region has become a central focal point for untapped oil and natural gas resources from the southern portion of the former Soviet Union. Beginning in May 2005, oil from the southern sections of the Caspian Sea began

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Turkmenistan eyes developing fuel and energy complex Energy

Energy-rich Turkmenistan will continue to realize programs and projects envisaging further development, modernization and diversification of the national fuel and energy complex. Such an instruction was given by President Gurbanguly Berdymukhamedov at the recent meeting of the Cabinet of Ministers, the

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Turkmen parliament adopts trading activity law Legal Issues

Trend: Parliament of Turkmenistan approved and adopted the bill “On Trading Activity”, according to the Turkmen government’s message issued March 28. The bill was passed at a parliament meeting, during which the MPs stressed that systematic work on creation of goods surplus

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Turkmenistan makes discount to Turkey for cargo transportation Investment

Trend: Turkmenistan has made a 20-percent discount to Turkey for cargo transportation through the Caspian Sea, Istanbulhaber online newspaper quoted Fatih Sener, executive director of Turkish International Transporters’ Association, as saying March 28. Sener noted that Turkmenistan’s government made a decision on

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Turkmenistan aims to diversify fuel & energy industry Energy

Trend: During a meeting of the Turkmen cabinet of ministers, the country’s president, Gurbanguly Berdimuhamedov, gave a number of instructions on further implementing the adopted programs of development, modernization and diversification of the national fuel and energy industry. These steps are meant

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Turkmenistan starts welding TAPI pipeline’s linear part Energy

Trend: Turkmennebitgazgurlushyk (“Turkmenneftegazstroy”) state concern has begun welding the pipes of the linear part of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline’s Turkmen section. More than 100 units of special equipment are being used within current work, a message released by Turkmen Oil and Gas

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Ashgabat, Prague eyeing expanded partnership Investment

By Huseyn Hasanov – Trend: Turkmenistan and the Czech Republic discussed the expansion of cooperation and the possibility of partnership in the fuel and energy industry, transportation and communications sectors, read a Turkmen government message, released March 18. These discussions took place

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Turkmenistan to increase production of high-octane gasoline Energy

By Huseyn Hasanov– Trend: With commissioning alkylation units and isomerization at Turkmenbashi Complex of Oil Refineries (TCOR), it will be possible to produce additional 480,000 tons of high-octane gasoline (А-92, А-95 and А-98) per year, said the message from Turkmenistan’s Oil

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Once more on the Trans-Caspian Gas Pipeline Energy

Diplomatic attention has intensified on the project of the Trans-Caspian Gas Pipeline (TCGP) while both obstacles to and incentives for its realization increase. Turkmenistan's commitment to the project may be inferred from the finally completed construction of its East-West Pipeline

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Turkmenistan discussing TAPI pipeline construction pace Energy

By Huseyn Hasanov – Trend: A report on the construction pace of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was delivered at a meeting of the Turkmen Cabinet of Ministers, the Turkmen government said Feb. 27. It is reported that the work is carried

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Turkmenistan connects oil output growth with Caspian Sea Energy

Ashgabat, Turkmenistan, Feb. 19 By Huseyn Hasanov– Trend: Turkmenneft State Concern starts implementation of plans on the development of the Turkmen sector of the Caspian Sea, Turkmen Oil and Gas Ministry said. Turkmenistan’s sea resources are estimated at 12 billion tons of oil

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Caspian Sea Region: Legal Issues Legal Issues

CASPIAN SEA ISSUES Questions surrounding the legal status of the Caspian Sea have hindered--but not stopped--further development of the Sea's mineral resources. Since the fall of the Soviet Union in 1991 led to the independence of three new countries

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Legal Status of Caspian Sea Legal Issues

 Legal Status of Caspian Sea Introduction The Caspian Sea is the biggest enclosed body of water on Earth, having an even larger area than that of the American Great Lakes or that of Lake Victoria in East Africa. The length of the

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Fresh oil explorations in Caspian Sea Energy

TEHRAN, Jun. 24 (MNA) – A trilateral agreement has returned exploration teams of the Oil Ministry to Caspian Sea blocks. The first oil field in Caspian Sea deep waters was discovered four years ago;

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