Category Archives: Uncategorised

Azerbaijani police target Nardaran

JAN. 13 2016 (The Conway Bulletin) – The authorities in Azerbaijan detained at least 50 people during a police operation in the district of Nardaran, 30km outside Baku, a follow-up to police raids on so-called Islamic terrorists last year that killed at least eight people. Nardaran is considered one of the most religiously conservative areas of Azerbaijan with many people living there looking to Iran for support and guidance. Azerbaijan is, officially, a secular country.

ENDS

(News report from Issue No. 263, published on Jan. 15 2016)

Editorial: Protests grow in Azerbaijan

JAN. 15 2016 (The Conway Bulletin) – Protests in Azerbaijan’s peripheral regions could be soothed only with a resolute measure, the government thinks. President Ilham Aliyev decided to strike out VAT from flour and wheat products, one of the chief demands of the dozens of protesters that took the streets on Jan. 12-13 in several towns around the country.

The question, however, remains — will this one-off measure placate emotions?

Azerbaijan always had a fiery population, ready to manifest their discontent. The recent crackdown on freedom of expression and the virtual – and factual – suppression of any opposition led many to think that Azerbaijan would not allow the public to have a voice any longer.

Azerbaijanis have instead showed their, very real, anger. Video footage from opposition sources shows protesters and police clashing.

The economic downturn is threatening stability across the South Caucasus and Central Asia and poses a challenge to the authorities. How they, and how the protesters respond, is critical.

ENDS

(Editorial from Issue No. 263, published on Jan. 15 2016)

Kazakhstan’s Tsesnabank makes Russia deal

JAN. 13 2016 (The Conway Bulletin) — Tsesnabank, one of the largest banks in Kazakhstan, bought an 83% stake in Russian Plus Bank, after both countries’ Central Banks gave the green light for the deal. According to Russian law, Tsesnabank will have to submit another offer for the remaining 16.7% of Plus Bank over the next days. UAE-based Linex Global owns 14.7% of Plus Bank. Tsesnabank has increased its stake over the past six months. In June 2015, it owned 20% of Plus Bank. It has since bought out several other minority shareholders. Adilbek Dzhaksybekov, mayor of Astana, owns Tsesnabank.

ENDS

(News report from Issue No. 263, published on Jan. 15 2016)

Kyrgyzstan’s GDP growth slows

JAN. 14 2016 (The Conway Bulletin) – Kyrgyzstan’s economy grew at 3.5% in 2015 compared to 4% in 2014, the state statistics committee said. The statistics committee said that the main reason for the slowdown was an 8% drop in production at the Kumtor mine. Production slowed at Kumtor, which is owned by Toronto-listed Centerra Gold, when it enlarged the mine.

ENDS

(News report from Issue No. 263, published on Jan. 15 2016)

Kazakhstan organises online football manager poll

JAN. 14 2016 (The Conway Bulletin) – An online poll by Kazakhstan’s football federation asking fans if they wanted a foreign or Kazakh manager for their national team flopped after it fell far short of the 50,000 votes it needed for the result to be acted upon. By midnight on Jan. 14, the poll had attracted just over 2,500 votes, 5% of total needed.

ENDS

(News report from Issue No. 263, published on Jan. 15 2016)

Georgian security arrests men with radioactive substance

JAN. 13 2016 (The Conway Bulletin) – Georgian security forces arrested three men for stealing Cesium-137, media reported, a highly radioactive substance that can be used to create a so-called dirty bomb. Reports gave little information on the arrests other than appearing to confirm that all three men were Georgian nationals. Security forces have previously arrested people in Tbilisi for stealing and trying to sell Cesium-137.

ENDS

(News report from Issue No. 263, published on Jan. 15 2016)

Turkmenistan retrieves another oilman body

JAN. 11 2016 (The Conway Bulletin) – The Turkmen authorities retrieved the body of another missing Azerbaijani oil worker in the Caspian Sea. A storm hit an oil field in the Azerbaijani sector of the Caspian Sea shortly before Christmas, triggering a fire that killed 33 people. It was the worst offshore oil rig accident since Piper Alpha, in the North Sea, in 1988. Some of the bodies have been found in the Turkmen sector of the Caspian Sea.

ENDS

(News report from Issue No. 263, published on Jan. 15 2016)

Investment in Kazakhstan drops

JAN. 12 2016, ALMATY (The Conway Bulletin) — Data from the Kazakh Central Bank showed that Foreign Direct Investment (FDI) into the country has collapsed to its lowest level for a decade.

In the first nine months of 2015, FDI into Kazakhstan measured $2.1b. Total FDI in 2014 was $8.3 and in 2010 was 10.4b.

The new data is yet more evidence of the sharp slowdown in the Kazakh economy, as well as the impact of the 50% fall in the value of the tenge.

Economists have forecast a slowdown in economic growth in Kazakhstan, expected to last into 2017 and 2018, linked to low oil prices and a recession in Russia.

ENDS

(News report from Issue No. 263, published on Jan. 15 2016)

Tajikistan says it’s unhappy with progress on oil and gas field

DUSHANBE, JAN. 12 2016, (The Conway Bulletin) — The Tajik government said it was dissatisfied with the progress of the Bokhtar Operating Company, a joint venture between Tethys Petroleum, Total and CNPC which is exploring the country’s most promising oil field.

Murod Jumazoda, head of the government’s Geology Department, said the consortium was developing the site too slowly and that this could result in the government seizing 25% of the licensed area.

“They [the companies forming the joint venture] will have to return 25% of the oil and gas exploration area to the government this year,” Mr Jumazoda said at a press conference.

According to Tajik law, the government has the right to take back up to 25% of a licensed oil and gas area that has failed to produce within seven years of the license being granted. But Tethys, which is listed on the London stock exchange, disagreed with the government’s interpretation of the law.

“The first relinquishment is not due until 2020,” a PR agency speaking on behalf of Tethys told The Conway Bulletin.

This may become controversial as it was in 2008 that the Tajik government awarded Tethys an exploration licence to explore a 36,000 square km area around 100km south of Dushanbe for oil and gas.

But, and this is probably what Tethys’ PR agency was alluding to, the present composition of the Bokhtar Operating Company, owned by Tethys Petroleum, CNPC and Total, was finalised in 2013.

According to Tethys’ calculations, the field holds around 27.5b barrels of oil equivalent of recoverable resources. For Tajikistan, which is resource poor, this is a tantalising prospect.

Tethys is the lead operator of the Bokhtar Operating Company.

ENDS

(News report from Issue No. 263, published on Jan. 15 2016)

Czech company boosts deliveries to Uzbekistan

JAN. 13 2016 (The Conway Bulletin) — Czech engineering company Armatury Group delivered valves worth €3m ($3.3m) to Eriell, a service company operating in Uzbekistan’s oil fields, according to the group’s press release. Eriell, a Russian drilling company, is a supplier to another Russian company, Lukoil, which operates several oil and gas projects in Uzbekistan. The valves will be installed at a compressor station in the South Kemachi oil and gas condensate field, near Uzbekistan’s border with Turkmenistan.

ENDS

(News report from Issue No. 263, published on Jan. 15 2016)