• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00195 -0%
  • TJS/USD = 0.09741 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00195 -0%
  • TJS/USD = 0.09741 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00195 -0%
  • TJS/USD = 0.09741 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00195 -0%
  • TJS/USD = 0.09741 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00195 -0%
  • TJS/USD = 0.09741 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00195 -0%
  • TJS/USD = 0.09741 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00195 -0%
  • TJS/USD = 0.09741 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00195 -0%
  • TJS/USD = 0.09741 0.62%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 -0.14%
20 May 2025

Viewing results 1 - 6 of 19

Kazakhstan Launches Dredging Project to Expand Aktau Port on Key Trans-Caspian Corridor

Kazakhstan’s Ministry of Transport has initiated dredging works at the Caspian Sea port of Aktau, aiming to enhance the capacity and navigational safety of a critical hub on the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor. The Aktau port, located in the Mangistau region, is being deepened by 1.5 to 2 meters using specialized dredging equipment supplied by European contractor Jan De Nul. Mobilization of the equipment is set to be completed in May, with full dredging operations scheduled for completion by the fourth quarter of 2025. The project is expected to significantly increase the port's terminal capacity. Currently, Aktau handles approximately 15 million tons of cargo annually, including up to 140,000 twenty-foot equivalent units (TEUs). This infrastructure enhancement forms part of Kazakhstan’s broader strategy to develop the TITR, a key transit corridor linking China to Europe through Central Asia and the Caucasus. According to the Ministry of Transport, container traffic via the TITR through Kazakhstan surged by 3.5 times in the first quarter of 2025, reaching 25,000 TEUs, up from 7,200 TEUs during the same period in 2024. In a related development, Kazakhstan completed dredging works at another major Caspian port, Kuryk, in November 2024. That project, also executed by Jan De Nul Kazakhstan LLP, was finished in just four months. The water depth at Kuryk was increased to 7-8 meters, substantially enhancing its handling capacity and reinforcing its strategic importance on the Trans-Caspian route.

EU-Central Asia Ministerial Meeting Highlights Enhanced Cooperation and Strategic Priorities

The 20th EU-Central Asia Ministerial Meeting took place on March 27 in Ashgabat, Turkmenistan, reaffirming the parties’ strong political will to deepen engagement and strengthen cooperation in strategically significant areas. The meeting brought together the EU High Representative for Foreign Affairs and Security Policy, Kaja Kallas, along with the foreign ministers of Tajikistan, Turkmenistan, and Uzbekistan, and the deputy foreign ministers of Kazakhstan and Kyrgyzstan. A key item on the agenda was preparation for the inaugural EU-Central Asia Summit, scheduled for April 4, 2025, in Samarkand, Uzbekistan. Advancing Strategic Cooperation Kallas and Central Asian ministers discussed a broad spectrum of mutual priorities under the EU’s Global Gateway Flagship Initiatives, including trade, transport, energy, water resource management, climate change, digitalization, and critical raw materials. Both sides also highlighted advancing cooperation in education, vocational training, research, and skills development to foster deeper people-to-people ties. In a joint communiqué adopted at the meeting, the EU and Central Asian states reaffirmed their shared commitment to further strengthening their comprehensive partnership, grounded in mutual interests and values. The discussions were guided by the “Joint Roadmap for Deepening Ties between the EU and Central Asia,” previously adopted in Luxembourg in October 2023. Focus on Connectivity and the Trans-Caspian Corridor Connectivity emerged as a central theme, with the participants stressing the need to expand sustainable connections between Central Asia and Europe. The EU’s Global Gateway Strategy was highlighted as a key vehicle for supporting regional infrastructure in trade, transport, water, and energy. The participants recalled the success of the Global Gateway Investors Forum on EU-Central Asia Transport Connectivity, held in Brussels in January 2024. They welcomed commitments by European and international financial institutions to invest €10 billion in the Trans-Caspian Transport Corridor (TCTC), aimed at significantly enhancing East-West transport links. Critical Raw Materials and Local Value Chains Another focal point was the growing strategic importance of critical raw materials (CRMs). Ministers reviewed progress following the signing of a Strategic Partnership Memorandum of Understanding between the EU and both Kazakhstan and Uzbekistan in the CRM sector. The meeting acknowledged EU support for strengthening local value chains in Central Asia. Discussions stressed alignment with international labor and environmental standards and the development of sustainable investment projects across the region. Sanctions Compliance The EU also briefed participants on its restrictive measures in the current geopolitical environment, underlining the need to prevent sanctions circumvention. Central Asian countries expressed readiness to continue cooperating with the EU to prevent re-exports of sensitive items, particularly those classified as “high priority.” Strategic Outlook The meeting reaffirmed the EU’s 2019 Strategy on Central Asia, which recognizes the region’s increasing strategic relevance to Europe. The Ashgabat gathering further solidified this recognition, highlighting Central Asia’s growing role in regional connectivity, resource security, and global diplomacy.

Central Asia’s Pivotal Role in the Global Energy Transition

The United States and Europe are driving a global shift from fossil fuels to renewable energy, though progress has been slow. Central Asia’s oil, gas, uranium, and green hydrogen resources are expected to remain vital for Europe and global energy security for years to come. Within Central Asia, a shift to cleaner natural gas and nuclear energy is anticipated to replace coal-fired power, reducing environmental harm. Europe’s push for electrification has also renewed focus on nuclear energy, increasing the strategic and commercial value of Central Asia’s uranium deposits. On December 16, 2024, The Times of Central Asia, in cooperation with the Central Asia-Caucasus Institute and the American Foreign Policy Council, hosted a Burgut Expert Talk titled, "Central Asia in the Energy Transition". The event featured presentations by Dr. Svante Cornell and Dr. Brenda Shaffer, who outlined their takes on the topic. The discussion focused on Central Asia’s significant role in the global energy landscape, particularly in light of the push for renewable energy and Europe's efforts to diversify its energy sources. Challenging the notion of a true "energy transition," Shaffer argued that despite substantial investment in renewable energy, fossil fuels remain dominant. Shaffer pointed out that traditional biomass burning continues to be a major energy source in developing countries, posing significant health risks. Highlighting the fact that renewables often rely on a baseload of fossil fuels, Shaffer noted that this makes complete reliance on renewables impractical, especially in regions with harsh winters, such as Central Asia. Dr. Shaffer further emphasized that European policies, including the reluctance to finance fossil fuel projects and the instability of U.S. LNG exports, serve to hinder diversification efforts. Stressing the need for affordable and accessible energy solutions - particularly for developing countries - to address the issue of indoor pollution caused by traditional biomass burning, she argued that natural gas can serve as a bridge fuel, offering a cleaner alternative to traditional methods. Dr. Cornell focused on the rising importance of Central Asia as a major uranium producer, supplying a crucial element for nuclear energy, which is gaining renewed interest as a low-carbon energy source. Cornell highlighted the dependence of the EU on uranium imports and the potential for Central Asia, particularly Kazakhstan, to play a pivotal role in supplying this demand. Outlining the geopolitical dynamics surrounding uranium, Cornell noted the involvement of France, Russia, and China in Central Asia's uranium sector, emphasizing the importance of Central Asian states maintaining a balance in their foreign relations and partnering with various countries to ensure their independence in the uranium market. Drawing parallels to the oil and gas diplomacy of the 1990s - when Central Asian countries strategically engaged with multiple actors to safeguard their interests - Cornell advocated for the development of a robust domestic nuclear industry in Central Asia, enabling the region to move beyond raw material production and gain greater control over the value chain. Cornell also stressed the need for Western powers to actively engage in the region's nuclear sector, supporting the development...

Dredging Project in Kazakhstan’s Kuryk Port Completed

Kazakhstan Temir Zholy, the country’s national railway company, has announced the early completion of dredging works at the Caspian Sea port of Kuryk. The project was completed by its general contractor, Jan De Nul Kazakhstan LLP, in just four months. The dredging operation involved removing over 990,000 cubic meters of soil from the port’s seabed using the Vesalius, the most powerful dredger in the Caspian Sea. As a result, the water depth in the port’s operational area and approach channel has been increased to 7–8 meters. This enhancement allows for an increased draft of vessels entering the port, enabling them to achieve full loading capacity. The project significantly boosts the port's terminal capacity, further strengthening its role as a vital transit hub on the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor. This strategic route connects China and Europe via Central Asia and the Caucasus. The Kuryk port currently handles up to 6 million tons of cargo annually, including 4.1 million tons through its railway terminal and 1.9 million tons via its automobile terminal.

Kazakhstan and China to Increase Cargo Transportation Along Trans-Caspian Route

On September 25, Kazakhstan and China held the first meeting of a joint working group on cargo transportation along the Trans-Caspian International Transport Route (TITR), also known as the Middle Corridor, connecting China and Europe via Central Asia and the Caucasus. According to Kazakhstan’s Ministry of Transport, the members agreed on the projected volumes of cargo transportation from China to Europe and in the opposite direction along the TITR until the end of 2029. Kazakhstan and China will increase the volume of cargo transportation along the TITR to 600 container trains per year in 2025 and 2026. In 2027, there will be 1,000 container trains, and in 2029, there will be 2,000. Given the increase in transit container trains, the Kazakh side has committed to ensuring the appropriate infrastructure in its Caspian ports to ensure timely transportation and prevent delays. At least 50,000 standard containers will be handled (transshipped) at Kazakh ports in 2025. An increase to 85,000 containers per year is expected for 2026-2029. According to Kazakhstan's Ministry of Transport, in 2023, the volume of transit transportation between China and Europe through Kazakhstan amounted to 2.76 million tons, 65% more than in 2022 (1.7 million tons). Kazakhstan is now working to increase the transit capacity of the Aktau and Kuryk seaports. A container hub will be built in the port of Aktau, increasing transportation volume to 300,000 TEU (twenty-foot equivalent units) per year. A grain terminal will be launched in Kuryk's port later this year. Dredging of the Kuryk port is underway to ensure sufficient depth for ships to enter the harbor. Dredging works are also planned in the port of Aktau. Altogether, these measures will increase the throughput capacity of Kazakhstan’s ports by 10 million tons of cargo annually, to reach 30 million tons annually.

Kazakhstan to Construct Seven New Offshore Vessels

Kazakhstan plans to expand its maritime fleet by building seven new vessels on the Caspian Sea. These vessels will be three tankers, two ferries, and two container ships. The construction of the vessels is part of a broader strategy to develop Kazakhstan's transportation and logistics infrastructure, which will strengthen its position on the Caspian Sea. Today, Kazakhstan's merchant fleet consists of 17 vessels: 10 tankers, four dry bulk carriers, and three container ships. In December 2023, KazMunayGas and Abu Dhabi Ports Group signed an agreement to establish a ship repair and shipbuilding yard in Kazakhstan. This project will provide the necessary base for the repair and construction of new vessels, which will increase the competitiveness of Kazakhstan's fleet on a global level. In addition, Kazakhstan continues to strengthen its ties with Azerbaijan. Tankers have already been purchased to transport oil from Kazakhstan to Azerbaijan for subsequent shipment via the Baku-Tbilisi-Ceyhan oil pipeline. This cooperation will diversify export routes and ensure the stability of supplies. Turkey has become another significant partner of Kazakhstan in shipbuilding. Under an agreement with Turkish companies, new vessels will be built, providing the country with additional opportunities to develop trade relations in the region. This project will also reduce Kazakhstan's dependence on Russia in shipbuilding, and strengthen its position in the Caspian Sea.