• KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01131 0%
  • KZT/USD = 0.00227 0%
  • TJS/USD = 0.09161 -0.11%
  • UZS/USD = 0.00008 0%

Viewing results 757 - 762 of 836

Kazakhstan Creates Caspian Sea Research Institute

The Kazakhstan government has approved the establishment of the Caspian Sea Research Institute, its Ministry of Water Resources and Irrigation said on January 26th.  The new institute will study the environmental problems of the Caspian Sea, the problem of its decreasing water levels, the causes of mass deaths of seals and fish, and issues of preserving the population of the Caspian seal. The institute will closely interact with similar institutes in other Caspian states. The institute will provide objective and independent information about the ecosystem of the Caspian Sea, the ministry said, adding that its research data will serve as the basis for decision-making by state and local executive bodies concerning Caspian issues.

EBRD Approves New Strategy For Uzbekistan

The European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Uzbekistan, setting out the bank’s priorities in the country until 2029. The EBRD’s strategic approach to operations in Central Asia’s most populous state will be based on activities in three areas: supporting decarbonization, greater water efficiency and cleaner energy; developing the private sector and fostering employment, skills, inclusion and the digital transition; and improving economic governance, the business climate and infrastructure connectivity, the bank said on January 26th. Under the first priority, the EBRD will work with the authorities to further decarbonize the national economy and increase the share of renewable energy in the total power output. It will pay special attention to creating low-carbon pathways and reducing methane emissions under Uzbekistan’s Global Methane Pledge commitments. The EBRD will also support the commercialization and modernization of power distribution and transmission networks, and channel further funds into modernizing and upgrading water, wastewater and irrigation facilities. Under the second priority, the EBRD will expand its support to the country’s private sector by providing direct financing, credit lines to small and medium-sized enterprises, and risk-sharing through local partner banks and trade finance facilities to support increased energy efficiency and women- and youth-led enterprises. Domestic small businesses will continue benefiting from the EBRD’s Business Advisory Services programme. The bank will also promote further digitalization in the private sector, the expansion of e-commerce and the development of local capital markets. Under the third priority, the EBRD will continue supporting the transformation of and governance improvements to state-owned enterprises and banks. It will support privatization, including through pre-privatization engagements; provide advice and financing to encourage the wider use of public-private partnerships; and support public-private sector dialogue through the Foreign Investors Council to help increase foreign direct investment. The bank will continue working to enhance regional and global connectivity, including through policy engagements and financing to improve transport connectivity and regional power trading, and help lower trade barriers. Uzbekistan is the leading recipient of EBRD funding in Central Asia for the fourth year running. To date the bank has invested around €4.28 billion in 147 projects across the country, most of which support private entrepreneurship and investment.

Kazakhstan Freezes Transit Cost of Russian Oil To China

KazTransOil JSC, Kazakhstan’s national oil pipeline operator, on January 26th said it will freeze the cost of transiting Russian oil to China until 2034. Until December 31st 2033 the cost of transporting Russian oil to China through the territory of Kazakhstan will amount to $15 per ton (excluding VAT), the company said.   KazTransOil also said it has extended until December 31st 2033 its contract with Russia’s Rosneft oil company for the transportation of Russian oil through Kazakhstan to China. From 2014-2023, KazTransOil transported 91 million tons of Russian oil to China along the Atasu–Alashankou oil pipeline, which is part of the Kazakhstan-China main oil pipeline system and belongs to Kazakhstan-China Pipeline LLP, a joint venture of KazTransOil JSC (50%) and China National Oil and Gas Exploration and Development Company Ltd (50%). The design capacity of the Atasu–Alashankou pipeline is 20 million tons of oil per year. Russia has been seeking to increase its oil exports to China after western sanctions were imposed on its exports over its invasion of Ukraine. 

“Close Your Windows, Avoid Outdoor Exercise” – Residents Fear Air Pollution in Tashkent

On the afternoon of January 27th local time, the level of PM2.5 (fine particles) pollution in the air in Tashkent surpassed the level recommended by the World Health Organization by 23.2 times, according to data from the U.S. Embassy Tashkent AirNow monitoring station. This ranked Uzbekistan’s capital as the third worst city in the world for air pollution, leading to warnings to “avoid outdoor exercise, close your windows, wear a mask outdoors, and run an air purifier.” Thirty-times thinner than a human hair, PM2.5 particles are widely regarded as the most harmful to health.[/vc_column_text][vc_single_image image="14067" img_size="full" el_class="scond-image" parallax_scroll="no" woodmart_inline="no"][vc_column_text woodmart_inline="no" text_larger="no"]Tashkent has been grappling with a serious air pollution crisis for years, and has been consistently ranked among the cities with the highest levels of air pollution worldwide. Several factors contribute to the escalating levels of air pollution in Tashkent. The Ministry of Ecology, Environmental Protection and Climate Change of Uzbekistan has highlighted increasing emissions from coal-burning heat and power plants, motor vehicles, illegal tree felling, and unauthorized construction activities as the key contributors. The number of vehicles in Tashkent has also increased by 32% from 3.14 million in 2021 to 4.6 million in 2023. The majority of these vehicles use A-80 gasoline, a fuel type that does not meet international standards and emits a significant number of pollutants. Moreover, coal usage for electricity generation has also increased, rising from 3.9 million tons in 2019 to 6.7 million tons by the end of 2023, whilst Tashkent's geographical location, surrounded by mountains, exacerbates the problem as it prevents the polluted air from being dispersed by wind.[/vc_column_text][vc_single_image image="14068" img_size="full" el_class="scond-image" parallax_scroll="no" woodmart_inline="no"][vc_column_text woodmart_inline="no" text_larger="no"]In response to this environmental crisis, earlier this month the Ministry proposed several measures including banning motor fuel below the Euro-4 standard, restricting the movement of heavy cargo vehicles during rush hours, banning vehicles manufactured before 2010, promoting electric vehicles, reducing congestion by implementing an odd-even scheme for vehicle movement, pedestrianizing city centers, transitioning public transport to electric and gas-cylinder fuel, imposing a moratorium on construction except for facilities of social and state significance, banning the use of coal for industrial purposes in the Tashkent region, and creating a “green belt” around the city.[/vc_column_text][vc_single_image image="13668" img_size="full" el_class="scond-image" parallax_scroll="no" woodmart_inline="no"][vc_column_text woodmart_inline="no" text_larger="no"]Despite these proposed measures, with such commitments having been made previously, many remain unconvinced about the government's commitment to combating air pollution. "It is now safer to live in Chernobyl than in Tashkent,” Journalist Nikita Makarenko wrote on Telegram. “Where are the measures to reduce cars? Where are the paid parking lots; where are the measures to raise the price of owning a car? Where is the public transport?" Earlier this month, activists in the capital staged a protest to voice their concerns, complaining that the city feels like it is covered in a constant layer of fog which “smells like smoke” and fearing that the government’s response may prove to be a “one-off,” when a long-term strategy is desperately needed. Tashkent is not alone in the region –...

Visit of a Delegation from Turkmenistan to Japan: Prospects for Cooperation

Turkmen Foreign Minister Rashid Meredov led a delegation from Turkmenistan, which visited Japan from January 22nd to 23rd. During the visit, the development of bilateral cooperation and the organization of the first Summit of Heads of State of the Central Asia-Japan Dialogue were discussed. According to information received from the Ministry of Foreign Affairs of Turkmenistan, the diplomats met with Yoshimashi Hayashi, Secretary General of the Japanese Cabinet of Ministers During the visit, they discussed the involvement of Japanese companies in the export of high value-added products, diversification of project financing, study of experience in "green" and hydrogen energy, as well as the creation of modern high-tech industries. According to the Ministry of Foreign Affairs of Turkmenistan, Japanese companies showed great interest in cooperation in infrastructure and energy transition. Meredov also met with Ken Saito, the Minister of Economy, Trade and Industry of Japan. A number of important issues related to cooperation between Central Asia and Japan were discussed. A proposal was made to hold the next Ministerial Dialogue on Energy Economy within the framework of the Dialogue "CA+Japan". The topic of developing a Roadmap on decarbonization, which will be aimed at reducing greenhouse gas emissions and transition to cleaner energy sources, was also touched upon. One of the key topics of discussion was the possibility of introducing the Joint Crediting Mechanism (JCM). This mechanism will allow the countries of Central Asia and Japan to share knowledge, technologies and resources in the field of reducing greenhouse gas emissions and transition to sustainable development. The topic of developing cooperation in the field of e-commerce was also touched upon. The idea is to create an electronic platform to improve trade relations between CA and Japan. This will reduce trade barriers and simplify procedures for importing and exporting goods. Finally, joint work in the field of hydrogen development and transportation technologies was discussed. Hydrogen is one of the promising sources of energy, and its efficient utilization can have a significant impact on addressing climate change. This meeting was an important step in strengthening cooperation between Turkmenistan and Japan in the fields of economy, trade and industry. It opens new perspectives for the development of the energy sector, industry, trade and technology.

Croatia To Transport Kazakh Oil To European Markets

On January 24th a memorandum of understanding was signed in Zagreb, Croatia between Kazakhstan’s national oil and gas company KazMunayGas (KMG) and the operator of the Croatian oil pipeline system, Jadranski naftovod (JANAF). The memorandum was signed by the deputy chairman of KMG, Bulat Zakirov, and the chairman of JANAF, Stjepan Adanić. After the signing ceremony Mr. Adanić commented that the deal will strengthen exports of Kazakh oil to European markets. Kazakhstan's ambassador to Croatia Akylbek Kamaldinov, who attended the signing ceremony, emphasized that Kazakhstan is playing an important role in ensuring that the EU receives reliable supplies of energy resources. He noted that the partnership between KMG and JANAF will make a significant contribution to strengthening energy security. JANAF operates the oil terminal on the island of Krk and the Adria oil pipeline system in Croatia, which plays a key role in transporting oil and petroleum products to the countries of south-eastern Europe. From January-November 2023 more than $303 million worth of Kazakh oil was pumped along this route.  

Start typing to see posts you are looking for.