Business Cables
Opportunities for New Ventures in Central Asia’s Construction Boom
According to a recent article on Eurasianet.org: “The Pentagon is preparing to embark on a mini-building boom in Central Asia.” The potential infusion of cash for a variety of military, border and customs related projects should mean new opportunities in the regions booming construction and infrastructure sectors. The various projects being outlined by the Pentagon include joint military training facilities (Kyrgyzstan), upgrading existing infrastructure and new border posts (Turkmensitan). Many of these projects are already being put out for tender in the U.S. but should have strong local components as well. One sector that will certainly benefit from additional construction will be in heavy equipment. Turkmenistan already is faced with a lack of heavy equpment, from cranes to industrial cement mixers, due to the already robust nature of projects underway. This includes the massive effort on the Caspian coast in Awaza where new hotels and road networks are being constructed at this very moment. Procurement and leasing of these equipment types should prove to be a lucrative venture for the region, not only in Turkmenistan but Uzbekistan and Kyrgyzstan as well.
Azerbaijan Business Cables
(courtesy of the USACC) Azerbaijan Heads into Space with First National Satellite The Azerbaijan Ministry of Communications and Information Technologies has signed a contract with Orbital Sciences Corp. to build Azerbaijan’s first national satellite, Orbital announced May 27. Orbital Sciences Corporation will produce the satellite over 26 months. Azerbaijan plans to launch the synchronous space telecommunications satellite between July and August 2012. The country will use the satellite to start developing its space industry. “I understand that this contract is only the start. Keep Reading »
First U.S. Business Delegation to Turkmenistan
American Business Delegation Announces the First-ever American Business Mission to Turkmenistan
(Washington, DC) The US Turkmenistan Business Council announced today that the members of the Council will lead a 3 day mission to Turkmenistan to further explore investment and trade opportunities. The mission will be held from June 14 – 16th and will coincide with the inaugural Annual Bilateral Consultations (ABC) between the Government of Turkmenistan and the Government of the United States of America. The ABC Keep Reading »
More Customs Problems on Tajik-Uzbek Border
Kyrgyzstan's mountains in the fall. Photo by Sam Tranum.
For the second time in almost as many months, rail traffic between Uzbekistan and Tajikistan has ground to a halt. Much of the cargo now idleing is destined for NATO forces and reconstruction efforts in Afghanistan. In addition to the headache this is giving logistics officers and Keep Reading »
June 1: Turkmenistan Energy Reports
The following new energy reports are now available on the Caspian Business Journal. The first report analyzes Turkmenistan’s pipeline to China and the economic and local business impact. The second is part of our continuing series presenting news, government developments, local business updates and energy issues in Turkmenistan. To access either report, please click on the links below. Keep Reading »
May 25th: Turkmenistan Weekly Energy Review
The latest TWER is now available for free at the link below. Also included in this weeks issue is an updated profile of Commodity Exchange news from the preceeding week. TURKMEN WEEKLY ENERGY REVIEW N 37
East-West Pipeline Updates
A portion of the second west-to-east natural gas transmission pipeline at the construction site in the Chinese town of Fengle near Wuwei City, in China’s northwestern Gansu Province. Photo courtesy of Xinhua/Li Xueren.
(Courtesy of nCa) — Turkmenistan will start building a multi-billion-dollar gas pipeline in June 2010. The East-West pipe would connect all the major gas fields of Turkmenistan to a single network.
Two state corporations – Turkmengaz and Turkmennebitgazgurlushyk (Turkmen Oil and Gas Construction) – have been tasked to undertake the project.
The announcement was made Friday by President Berdymuhamedov during a meeting of the cabinet of ministers. Keep Reading »
Turkmenistan Weekly Energy Review
The latest TWER is now available for download through the link below: TURKMEN WEEKLY ENERGY REVIEW N 36
Regional Business Updates
Regional business updates from around the region:
Kyrgyzstan: Closed borders continue to hamper trade and in particular the regional shuttle trade that supplies local bazaars and small businesses. Currently Kazakhstan is allowing trains to pass through its territory towards “third party destinations.” Continued unrest in the South of Kyrgyzstan may prolong this economic isolation.
Kazakhstan: According to Kazakhstan Today, Kazakhstan has a defecit of raw materials in certain growing sectors. This includes the manufacturing Keep Reading »
Last Week’s Activity on the Turkmen Commodities Exchange
A traditional Turkmen carpet. Photo by Sam Tranum.
The following information comes to the CBJ from the Turkmenistan Weekly Energy Review (TWER), and represents transactions concluded in the past week.
40 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Representatives from Afghanistan, the United Arab Emirates and Iran bought for foreign currency A-80 and A-95 gasoline, TC-1 aviation Keep Reading »
