Category Archives: Uncategorised

Kyrgyzstan expropriates resorts

APRIL 4 2016 (The Conway Bulletin) – The Kyrgyz government signed a decree to retake possession of four Uzbek-owned resorts near Lake Issyk-Kul. Buston, Rokhat, Dilorom, and Golden Sands are all owned by Uzbek entities, both public and private. These are Soviet- era vacation resorts that had been built in the 1960s. Tensions have been running high between Kyrgyz and Uzbeks in Kyrgyzstan since ethnic fighting in Osh in 2010.

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(News report from Issue No. 275, published on April 8 2016)

 

KazTransOil revenues grow in Kazakhstan

APRIL 1 2016 (The Conway Bulletin) – KazTransOil, Kazakhstan’s state owned pipeline distributor, said its revenue grew 3.2% to 213b tenge ($617m) in 2015. In US dollar terms, however, the company’s revenues shrank by around 30% due to the sharp depreciation of the tenge last summer. Analysts forecast a decline in sales for KazTransOil in 2016, but the company hopes to boost its revenues in 2017 with the giant Kashagan project coming online.

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(News report from Issue No. 275, published on April 8 2016)

 

FDI for 2015 drops in Azerbaijan

APRIL 1 2016 (The Conway Bulletin) – Foreign direct investment in Azerbaijan dropped 6.3% last year to $7.5b, media quoted data from the government’s statistic committee as saying. The statistics add more evidence, although it is barely needed, of the sharp economic downturn that Azerbaijan, and other countries in the region, has had to deal with.

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(News report from Issue No. 275, published on April 8 2016)

 

Four members, including Turkmenistan agree on TAPI investment

APRIL 7 2016 (The Conway Bulletin) – State-owned Turkmengaz, Interstate Gas Systems of Pakistan, Afghan Gas Enterprise and India’s GAIL agreed to invest $200m in engineering studies for the TAPI gas pipeline project. The four members of the consortium forecast that TAPI will cost around $10b. Construction works started last December. Once built, TAPI will pump gas from Turkmenistan’s Galkynysh gas field to India.

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(News report from Issue No. 275, published on  April 8 2016)

Man dies after questioning by Tajik police

APRIL 3 2016, DUSHANBE (The Conway Bulletin) — The death of a 27- year-old man after he had been questioned by Tajik police has sparked a row over police brutality in Tajikistan.

Bunyod Mirzoyev was found hanged after three days of police questioning over his apparent links to the Islamic extremist group IS. His family and friends said that police tortured him to try to extract a confession and had then killed him to try and hide the evidence.

The accusation triggered a forthright response from the police who issued a statement saying that they were on the receiving end of slander and that opponents of the authorities were trying to use the death of Mirzoyev to discredit the police.

Instead, the Tajik police said Mirzoyev had hanged himself from a tree when he returned home after being questioned.

“The suicide of B. Mirzoyev is currently under investigation by the prosecution,” the police said.

Still, human rights groups have long complained about police brutality in Tajikistan.

In 2012, Amnesty International released a report about the Tajik police’s use of torture to extract confessions.

“The torture methods used by the security forces are shocking: involving electric shocks, boiling water, suffocation, beatings, burning with cigarettes, rape and threats of rape – the only escape is to sign a confession or sometimes to pay a bribe ,” it said.

And it’s not difficult to find people who have had first hand experience of it.

A 32-year-old worker, said that the police beat people even if they have not done anything. “They can beat you up so hard that you will confess that you killed Lenin,” he said.

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(News report from Issue No. 275, published on April 8 2016)

 

Inflation slows in Georgia

APRIL 4 2016 (The Conway Bulletin) – Inflation in Georgia is slowing, figures from the Georgian Statistics Committee revealed. In March, prices grew by only 0.3%. Annualised inflation fell to 4.1% from 5.6% the previous month. An 18.7% year-on-year increase in medical products prices was the main component of inflation.

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(News report from Issue No. 275, published on April 8 2016)

Mitsubishi sends turbines to Turkmen power plant

APRIL 1 2016 (The Conway Bulletin) – Mitsubishi Hitachi Power Systems (MHPS) will supply gas turbines and generators to the 400MW Zerger gas-fired power plant in Turkmenistan. Under a $300m contract signed last year, Japan’s Sumitomo is building the plant in the Lebap region of Turkmenistan, 600km north-east of Ashgabat.

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(News report from Issue No. 275, published on  April 8 2016)

Worst fighting erupts between Armenia and Azerbaijan over N-K

APRIL 2 2016 (The Conway Bulletin) – Serious fighting broke out between Azerbaijani forces and Armenian backed forces around the disputed region of Nagorno-Karabakh, smashing a tense ceasefire that had been in place for 22 years.

Casualty numbers were difficult to gauge but at least several dozen people were killed in the fighting, mainly soldiers. Video footage showed both sides firing rockets and pounding well dug-in positions with heavy artillery, as well as deploying tanks and helicopters.

Alarmed that the fighting could escalate, world leaders urged both sides to sue for peace.

From Washington, John Kerry, US secretary of state, said: “The United States condemns in the strongest terms the large-scale ceasefire violations along the Nagorno-Karabakh Line of Contact, which have resulted in a number of reported casualties, including civilians.”

Russian President Vladimir Putin dispatched Dmitri Medevedev to talk to both Armenian President Serzh Sargsyan in Yerevan and Azerbaijani President Ilham Aliyev in Baku.

As the Bulletin went to press a two-day-old ceasefire held, although there were reports of sporadic fighting.

When the Soviet Union fractured in the late 1980s and early 1990s, localised ethnic tension started to explode into pockets of fighting. Nagorno- Karabakh, a region that belonged to Azerbaijan was one of these region. It was populated mainly by ethnic Armenians who wanted to break away.

After years of fighting that killed 30,000 people the UN negotiated a ceasefire in 1994 that left Armenia- backed rebels running the region.

Thomas de Waal, one of the foremost commentators on the South Caucasus, wrote in the New York Times that the conflict could spread.

“A new all-out Nagorno-Karabakh conflict is the stuff of nightmares. Given the sophisticated weaponry both sides now possess, tens of thousands of young men would most likely lose their lives,” he said.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 275, published on April 8 2016)

 

Russia’s Polymetal buys more Kazakh gold

ALMATY, APRIL 4 2016 (The Conway Bulletin) — Russian miner Polymetal continued its shopping spree in Kazakhstan buying gold miner Orion Metals, a company owned by Glencore’s subsidiary Kazzinc, for an initial $100m.

Orion Metals owns the Komarovskoye Gold Deposit, which lies 150km south of Polymetal’s Varvarinskoye field in north-east Kazakhstan.

“Komarovskoye has long been in our sights as a natural close fit for our Varvara hub,” Vitaly Nesis, CEO of Polymetal, said in a statement.

“We are very excited about the transaction which is expected to strengthen production profile, lower costs, and provide substantial incremental cash flows at Varvara in the near term.”

Varvara is a reference to Polymetal’s Varvarinskoye field.

Polymetal said Komoarovskoye, the gold field that Orion Metals owns, holds 43.5 tonnes of gold.

The deal with Kazzinc could reach $180m through the payment of royalties, if gold prices rise significantly.

In the past six months, Polymetal acquired companies and fields connected or close to its operations in both Kazakhstan and Armenia, in an effort to build production hubs.

Last November, Polymetal upgraded the size of its gold reserves at the Kyzyl project by 8% to 29.2m tonnes.

In 2015, it had bought the Kyzyl project for $620m from Sumeru, a private group owned by Timur Kulibayev, son-in-law of Kazakh President Nursultan Nazarbayev.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 275, published on  April 8 2016)

Panama papers reveal Kazakh, Azerbaijani, Georgian offshore accounts

APRIL 3 2016 (The Conway Bulletin) – A massive leak of documents from the Mossack Fonseca law firm based in Panama showed that government leaders and businessmen around the world have been using offshore tax havens to shelter assets and cash. Included in this list were Azerbaijani President Ilham Aliyev’s family, Georgia’s former PM Bidzina Ivanishvili and the grandson of Kazakh President Nursultan Nazarbayev.

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Copyright ©The Conway Bulletin — all rights reserved

(News report from Issue No. 275, published on April 8 2016)