• KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09391 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09391 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09391 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09391 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09391 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09391 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09391 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01172 0%
  • KZT/USD = 0.00211 0%
  • TJS/USD = 0.09391 0%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 164

Turkmen Watermelons Struggle to Compete with Iranian Imports

Chronicles Turkmenistan reports that Iranian watermelons are now cheaper than those produced locally. Turkmen farmers were encouraged to plant watermelons on leased lands on the assurance that the crops would be irrigated at the state's expense. However, given the high volume of water required to cultivate the fruit and the need for farmers to irrigate their crops twice per season, only those with the means, could afford to pay for their own pumps. As stated in the publication's report, “-That- was not enough to get a good harvest. Also, the cost of production, including irrigation and other costs, was higher than expected." The vast stocks watermelons imported from Iran to markets  in Meri and Lebap Velayats are significantly cheaper than local produce, selling at  4–5 manats (TMT) ($1.14–1.43) per 6 to 9 kilogram compared to  1.50 TMT ($0.43) per kilogram or an average of  7-8 TMT ($2– 2.29) per Turkmen melon. As a result, Turkmen farmers struggle to sell their produce and are suffering significant losses.

Iran to Provide Kazakhstan with Irrigation Technology

The exchange of experience and technologies to reduce water loss during the transportation and irrigation of crops was discussed at a meeting between the Minister of Water Resources and Irrigation of Kazakhstan, Nurzhan Nurzhigitov, and the Iranian Ambassador to Kazakhstan, Ali Akbar Joukar. Iranian companies expressed their readiness to provide Kazakhstan with modern irrigation systems, including groundwater and automatic drip irrigation systems that deliver moisture directly to plants' roots. Introducing these technologies in Iran has significantly reduced water consumption in rice cultivation, while increasing yields. "We have already started large-scale work on constructing and reconstructing reservoirs and other water management facilities. Iranian companies have rich experience in this field and are developing effective technologies, some of which are already working in Kazakhstan. For example, irrigation networks are being reconstructed in Zhambyl and Turkestan provinces. Therefore, I would like to invite businessmen from Iran to our country to participate in tenders for the construction and repair of water infrastructure," Nurzhigitov stated.

Turkmenistan to Start Cargo Transit via Iranian Railroads

Turkmenistan will start the transit of cargo along the Resht-Kaspian railroad line in Iran, as reported by the publication, Turkmenistan: Golden Age, citing Milad Salehi, the Director General of Railways of the Islamic Republic of Iran. Sulfur transit from Turkmenistan will start  along this route next week. The Resht-Kaspian railroad is an important part of the North-South international transportation corridor connecting the Caspian Sea with the Persian Gulf and the Sea of Oman. It also links the north and south of the country. This route opens up new opportunities for cargo transit from Central Asia to the Middle East and South Asia.

Iran Seeks Observer Status in EEU

A note of Iran’s request to obtain observer state status in the Eurasian Economic Union (EEU) was submitted to the Eurasian Economic Commission, the EEU’s governing body, on May 27. The EEU is an economic integration bloc uniting Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. According Kazakhstan’s Ministry of Trade and Integration, the economic feasibility of granting such status to Iran is currently being analysed by heads of the EEU member states and following results, consultations will be held with representatives from the republic. In 2018, the EEU and Iran signed a temporary agreement leading to the formation of a free trade zone between the two parties. More recently, on December 25, 2023, EEU heads of state signed a Free Trade Agreement between the EEU and its member states, and also, with the Islamic Republic of Iran. The agreement provides for duty-free trade for about 90% of commodities, which accounts for more than 95% of mutual trade between the parties. Kazakhstan’s Ministry of Trade and Integration emphasized the great potential of furthering trade between Kazakhstan and Iran. Mutual trade amounted to $302 million last year and in December, an Action Plan was signed between Kazakhstan and Iran to increase trade turnover to $3 billion.  

Iraq in Negotiation with Iran to Transfer Gas from Turkmenistan

Iraq Minister of Electricity Ziad Ali Fadel has announced ongoing negotiations regarding the transit of gas from Turkmenistan through Iran to Iraq and according to a report by Iran Oil Gas, Iraq may receive Turkmen gas as early as this summer if agreed by the partners concerned. In November 2023, representatives of Turkmenistan and Iraq signed a protocol outlining the principal commercial terms of the agreement to enable the shipment of 9 billion cubic meters of Turkmen gas to Iraq through Iran within five years. In January 2024 it was reported that Iraq had completed all the steps necessary to begin importing gas from Turkmenistan. The main reason for postponement of delivery as scheduled lies with the need for a comprehensive agreement to be reached with the transit country Iran. With reference to the country’s gas debt with Iran, the Iraq Ministry of Energy stated, “The Ministry of Electric Energy has paid all gas payments to the Iranian side and deposited them in a special account in [an] Iraqi commercial bank. But the payment process has not been completed due to international sanctions. Now, based on the agreement between the two sides, Iranian gas is being replaced by Iraqi crude oil.”

Iran and Afghanistan to complete railway link in March, official says

TEHRAN (TCA) — A senior Iranian official says a major railway connecting Iran and neighboring Afghanistan will be ready in March 2020 as construction of a key cross-border line is nearing completion, Iran’s PressTV news agency reported. Continue reading