• KGS/USD = 0.01181 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09387 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09387 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09387 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09387 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09387 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09387 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09387 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01181 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09387 -0.11%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 20

SCO Summit: Tokayev and Xi Laud Kazakhstan-China Ties

On the eve of the 2024 Shanghai Cooperation Organization (SCO) Summit, hosted this year by Kazakhstan in its capital Astana, the leaders of Kazakhstan and China were keen to highlight the strength of their countries’ partnership. The SCO is a political, security and economic alliance in the wider Eurasia region, aimed at promoting trade and investments between member states, as well as global security. The Organization – which includes nine full members, four observer states and 14 dialogue partners – covers half of the world’s population, and almost a third of global GDP.  In comments to China’s Xinhua news agency, Kazakh President Kassym-Jomart Tokayev spoke of a “close political dialogue” between the two countries, supported by the SCO, thanks to which “China is consolidating its position as Kazakhstan’s leading trade and investment partner”.  Mutual trade between the countries reached a historic record of $41 billion in 2023. Tokayev added that “China became one of the top four foreign investors in Kazakhstan in 2023, investing around $2 billion in direct investments, a year-on-year growth of 16.4%. The total volume of Chinese investment in the Kazakh economy is over $25 billion. Around 4,700 Kazakh-Chinese enterprises operate in our country.” In his comments to Xinhua Tokayev also highlighted Kazakhstan’s growing cultural ties with China, mentioning a new agreement on a visa-free regime between the countries, the creation of cultural centers in both nations, and the fact that 2024 has been named the “Year of Kazakhstan tourism in China”. The president himself lived in China for eight years, where he studied Chinese in Beijing before working for the Soviet Union’s embassy to China. In turn, in a letter published by the Kazinform news agency, China’s leader Xi Jinping noted: “China is now Kazakhstan’s largest trading partner and its top export destination. Major strategic projects including the Zhanatas wind farm, Turgusun hydropower station, and the modernization of Shymkent Oil Refinery have been completed and commissioned. China-Kazakhstan crude oil and natural gas pipelines are operating in a safe and stable manner. The ‘green lanes’ for fast customs clearance of agricultural products are available at all border ports between the two countries, which makes green agri-products of high quality from Kazakhstan easily accessible for Chinese consumers. The potential for cooperation in new energy and transportation infrastructure has been unleashed. The transport and logistics terminal in Xi’an, the Western Europe-Western China Highway, and the China-Europe Railway Express all operate smoothly, providing a strong boost to the development of both China and Kazakhstan.” Kazakhstan has a multi-vector approach to its foreign policy; its role within the SCO complements the country's cooperation with the United States through the C5+1 platform, and a constant dialogue with the European Union. In a recent speech about Kazakhstan's chairmanship of the Shanghai Cooperation Organization this year, President Tokayev commented: "Kazakhstan is committed to multilateral cooperation. In our foreign policy we proceed from the national interests, and are in favor of solving all disputable issues on the basis of rational compromise. In addition to the...

Virtual Standstill in Tajikistan’s Baljuvan Oil Production

Production of oil and gas in the Baljuvan district in the southern mountains of Tajikistan, has virtually ceased. It previously  provided natural gas to the neighbouring districts of Khovaling, Vosei, and Kulyab, According to the authorities, oil reserves in the area of Khatlon Oblast have all but disappeared.  Baljuvan's oil wells currently reach a depth of 2,400 meters and for production to continue, wells must now be drilled to a depth of up to 6,000 meters . Referencing  the situation, district chairman Bakhtiyor Safarzoda said, "Unfortunately, the same volume of oil is not being produced today as it was under the Union. The equipment here is already physically obsolete and worn out." Attempts to attract foreign investment in oil production in Baljuvan have now been ongoing for several years and a visit by Chinese investors to the wells two years ago, came to nought. According to the chairman of the Baljuwan district, foreign companies which initially agreed to develop new oil wells, reversed their decision after familiarizing themselves with the field, its characteristics, and forecasts. It should be noted that Tajikistan's proven reserves of oil raw materials are insignificant, amounting to 2.2 million tons, and the country's registered oil fields amount to just 28.

AIIB Forwards Construction of Strategic Bridge in Tajikistan

The Asian Infrastructure Investment Bank (AIIB) has approved a loan equivalent to US $75.5 million to Tajikistan for the construction of a 920-meter-long bridge and approach routes on the Obigarm-Nurobod section of M41 International Highway. The bridge is the first of such magnitude in Tajikistan and a critical component of the county’s road network. Linking Corridors 2, 3 and 5 of the Central Asia Regional Economic Cooperation Program, it will provide essential connections between Tajikistan’s landlocked terrain and neighbouring regional markets. Designed to withstand all weathers, the bridge will connect over 350,000 residents of the northeast region of Tajikistan to the capital Dushanbe, as well as the border of Kyrgyzstan. To align with Tajikistan’s National Development Strategy, the government has prioritized its timely completion and construction of the 75-kilometer Obigarm-Nurobod section has been divided into three phases to ensure synchronized implementation. Illustrative of a collaborative approach to advancing sustainable development and enhancing connectivity in Tajikistan, AIIB has fostered close coordination with other financiers, including the Asian Development Bank, OPEC Fund for International Development and European Bank for Reconstruction and Development. Lauding the initiative, Konstantin Limitovskiy, AIIB’s Vice President for Investment Operations in Region 2, commented: “The project aligns with two core thematic priorities of AIIB. First, it contributes to cross-border connectivity by establishing vital cross-border links with improved road safety along Tajikistan's essential corridor and ensuring connectivity between regions. Secondly, it embraces green-finance principles by integrating environmentally and socially responsible practices and promoting resilient sustainable mechanisms in the road infrastructure development.”    

Dushanbe: Water for Sustainable Development

Tajikistan is collaborating with the United Nations to host an international meeting next month about water, an increasingly scarce resource in Central Asia. The June 10-13 conference will promote the role of water in sustainable development, building on two similar gatherings in Dushanbe in 2018 and 2022. It follows a climate change conference currently underway in Almaty, Kazakhstan. Delegates to the Tajikistan meeting will talk about safe drinking water and sanitation, cross-border cooperation on water resources and the impact of climate change. Academic researchers, government officials, representatives of financial institutions and civil society members are expected to attend.

Korean Company to Build Solar Panel Production Plant in Tajikistan

On 24 May, Tajikistan President Emomali Rahmon laid the foundation stone for the construction of the first solar panel production plant in the country’s Danghara Free Economic Zone. According to the Tajik president’s press service, the facility will be built in four phases with government support and investment by the Global Solar Wafer company of the Republic of Korea totalling $2 billion. Construction on 22 hectares of land in the western part of Danghara Free Economic Zone is scheduled to begin in July this year. The first phase, comprising a facility to manufacture solar panels with a capacity of 5 thousand megawatts, will be completed in March 2025. Once fully operational, the plant will provide 8,000 jobs, 95 percent will be allocated to Tajik citizens. The launch of the domestic production of solar panels will contribute to the realization of goals set by Tajikistan’s green economy development strategy which aims to generate at least 1000 megawatts of green energy by 2030.    

Rahmon Orders Map of Environmental Hazards

The Government of Tajikistan plans to create an atlas of exogenous geological processes, Sputnik has reported. The General Directorate of Geology of the Republic will prepare the map and present it to the government for consideration. The President of Tajikistan, Emomali Rahmon, announced this during his visit to the Khatlon region. According to Rahmon, it is necessary to strengthen early warning systems regarding possible environmental hazards in Tajikistan and to prevent the adverse consequences of such situations. Leaders of regions, cities and districts, together with relevant ministries and agencies, have been instructed to take measures to mitigate the effects of natural disasters and provide assistance to victims. “In the second ten days of May, as a result of heavy rains, floods and landslides occurred in some areas, causing economic damage as well as human casualties,” Rahmon said. He also emphasized the need to strengthen cooperation with environmental protection, emergency situations and civil defense committees, as well as the State Committee for Land Surveying and Geodesy on early warnings of potential environmental hazards.