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Iran and Turkmenistan implementing goods-for-energy barter

TEHRAN (TCA) — An Iranian Petroleum Ministry official says Iran and Turkmenistan are pursuing a $30 billion goods-for-energy barter deal to take place in the course of the next 10 years, Iran’s PressTV news agency reported.   Continue reading

Australian company starts oil production in Tajikistan

DUSHANBE (TCA) — Skyland Petroleum Limited has commenced oil production from its first well of several on the Kyzyl-Tumshuk oil and gas field in Tajikistan, the company said on June 20. Continue reading

Tethys, Total and CNPC in arbitration dispute over Tajik oil and gas field

DUSHANBE (TCA) — France’s Total and China National Petroleum Corporation (CNPC) on May 19 filed for arbitration proceedings at the International Court of Arbitration against Kulob Petroleum Limited (KPL), Canada-based Tethys Petroleum Limited’s subsidiary in Tajikistan, Tethys said on June 20. Continue reading

Turkmenistan would abolish free quotas for natural gas, water and electricity

ASHGABAT (TCA) — At a meeting with local entrepreneurs at Turkmenistan’s Union of Industrialists and Entrepreneurs on June 8, Turkmen President Gurbanguly Berdymukhammedov said that the state budget allows for maintaining benefits for the residents of Turkmenistan, the Chronicles of Turkmenistan independent website reported citing official Turkmen media. The existing benefit program provides for free quotas for electricity, natural gas and water to the citizens of Turkmenistan. Continue reading

Kazakh government adjusts economic policy

ASTANA (TCA) — At the meeting of the Government of Kazakhstan on June 14, Prime Minister Karim Massimov said the President of Kazakhstan had approved some adjustments to the country’s current economic policy, the official website of the Prime Minister of Kazakhstan reported. Continue reading

CIS needs reformatting to be more effective

BISHKEK (TCA) — This week Bishkek hosted a meeting of Heads of Governments of the Commonwealth of Independent States (CIS). This year, the CIS is celebrating its 25th anniversary, and Kyrgyzstan chairs the organization. Continue reading