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Turkmenistan attracts investors with prospects for offshore ...

The oil assets of the Turkmenneft concern are concentrated in more than 30 fields at this time, which are at various stages of development. The number...

National debt of Kazakhstan increased by 15% in a year

The public debt of Kazakhstan in 2022 increased by 15.2% and amounted to 25.3 trillion tenge (or $54.7 billion). At the same time, most of the public debt - 66% on average over the past 5 years - falls on domestic debt, which is more manageable and less risky. In 2022, its share rose to 69%, and domestic debt amounted to 17.5 trillion tenge ($37.8 billion), Kazakh analytical agency Jusan Analytics reported. In order to understand whether we have a large public debt, we should compare it with th...

Great Britain authorities noted jumps in re-export of military goods from Kyrgyzstan

The head of the Sanctions Directorate of the UK Department of Foreign Affairs and International Development, David Reid, after meetings with Kyrgyz officials in Bishkek, expressed his Government's desire for a sharp increase in the re-export of military goods by Kyrgyzstan. He stated that the only wish is to work together with the United Kingdom and other G7 countries to reduce the amount of those goods that Russia can use in building up weapons that it will send against Ukraine, reports 24.kg....

Uzbek leader ready to personally guarantee success of foreign investors

The second international investment forum began its work in the capital of Uzbekistan, Tashkent, Nova24.kg reports. Expected. that the forum will be attended by 2 500 representatives of business, banking and international organizations. President Shavkat Mirziyoyev spoke at the opening of the Forum and said: We accept your visit to our hospitable land as a sign of respect for our country and confidence in our reforms. Now dangerous processes and unpredictable changes reign in the international...

UAE highly appreciate energy potential of Turkmenistan

When used correctly, natural gas enriches the economy and benefits all communities and their sustainable development. With these words, Mohamed Al Aryani, Executive Vice President of the Abu Dhabi National Oil Company ADNOC International, began his speech at the plenary session of the oil and gas investment forum of Turkmenistan in Dubai, Orient reports. Turkmenistan will play an important role in addressing the global energy crisis and mitigating its impact for a number of reasons: it is bless...

Uzbekistan buys oil from Russia in large volumes

Uzbekistan's oil refineries will purchase 300,000 tons of oil from Gazprom Neft during 2023, TASS reports. The corresponding agreement was reached recently, the report says. Uzbekistan is negotiating with other Russian companies, in particular, with Tatneft, which has three filling stations in Uzbekistan, and negotiations are underway to expand its activities in Uzbekistan. Currently, more than 30% of Uzbekistan's oil and gas companies have been created with the participation of Russian capita...

Turkish President presents state awards to rescuers from Kyrgyzstan

President of Turkey Recep Tayyip Erdogan presented senior lieutenant of the Ministry of Emergency Situations of Kyrgyzstan Temirlan Zhumamudunov with a high-ranking state medal of the Republic of Turkey "For courage and self-sacrifice in saving people" and also awarded a diploma of Ambassador Extraordinary and Plenipotentiary of Kyrgyzstan to Turkey Ruslan Kazakpaev, the press service of the Ministry of Emergency Situations of Kyrgyzstan reports. The awarding ceremony was attended by the Minist...

Defense ministers of Uzbekistan and Italy held talks

The Minister of Defense of Uzbekistan, Lieutenant-General Bakhodir Kurbanov, received the Minister of Defense of Italy, Crosetto Guido, who arrived in Uzbekistan, the Nova24.uz portal reports. The development of relations between Uzbekistan and Italy, based on equality, mutual trust and respect, has reached a new level in recent years, the Ministry of Defense of Uzbekistan notes. In connection with the expanding cooperation in the political, economic, cultural and social spheres, Uzbekistan an...

Trade turnover between Kazakhstan and Afghanistan reached $1 bln

The trade turnover between Kazakhstan and Afghanistan has reached $1 billion. And this is not the limit. The Central Asian country plans to continue expanding trade with Afghanistan and hold a joint business forum this summer, Kazakh Deputy Prime Minister Serik Zhumangarin said, according to Newscentralasia.net. “We will increase this trade cooperation. We have real prospects for even more supplies of wheat, flour and sunflower oil to Afghanistan. Why should we refuse such an opportunity? This ...

Saudi Fund allocates $100 mln to Kyrgyzstan for housing construction

The Cabinet of Ministers of Kyrgyzstan and the Saudi Development Fund signed an agreement on financing the project "Housing Finance in the Kyrgyz Republic". The amount of the loan agreement is estimated at $100 million, Akchabar.kg reports. The agreement was signed by Finance of Kyrgyzstan Almaz Baketaev and Executive Director of the Saudi Development Fund Sultan Al-Marshad. “The money will be used to build multi-storey social housing as part of the My Home 2021-26 program,” the State Mortgage...

Turkmenistan significatly increased oil exports to Azerbaijan

Turkmenistan exported 119.2 thousand tons of crude oil to Azerbaijan in January-February 2023, which is 4.4 times more compared to the same period last year, Trend reports. The total amount of deliveries amounted to $75.35 million. In the first two months of last year, Turkmenistan shipped 30.72 thousand tons of oil worth $17.11 million through the Caspian Sea. Trade between the two countries is carried out through the largest transport hubs of the Caspian Sea - the Turkmenbashi International ...