The state-run concern Turkmengas will conclude a contract with British Petro Gas LLP to build the infrastructure on the crossing of the second branch of the Turkmenistan-China gas pipeline with Amu Darya river.
Turkmenistan President Gurbangulu Berdymohammadov has signed the decree to increase Turkmen natural gas export to the foreign countries.
Construction is planned to begin in November 2013 and the object is planned to be put into operation in March 2015.
At the last session of the government Berdymohammadov confirmed Turkmenistan’s determination to establish an intergovernmental dialogue with China – a long-term strategic partner, reads the statement of the Turkmenistan government.
Turkmenistan is among the key players at the energy market in the Caspian region and it has been exporting gas to Russia and Iran for a long time. The route to China was opened in 2009 and at present China is among the biggest buyers of Turkmenistan gas and it is going to increase the annual import up to 65 billion cub.m. of gas.—0---
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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