Tag Archives: Tajikistan

Markets: Tethys spotlight

JAN. 12 2016 (The Conway Bulletin) — Guernsey-based oil and gas company Tethys Petroleum continues to travel along the bumpy roads of Central Asia. After a lengthy tug-of-war with Nostrum Petroleum over a takeover offer, it finally agreed with a $35m deal with Olisol, an oil investment group in Kazakhstan.

The funds, however, have not yet reached Tethys and at the end of December, the company said it “does not have sufficient funding to meet its requirements beyond next few months.”

In its operation at Tajikistan’s Bokhtar field, Tethys has lost the confidence of Total and CNPC, its partners in the project, after failing to pay its share for two consecutive cash calls.

What Tethys now doesn’t need is a fight with the Tajik government over the Bokhtar licence. The Tajik side says it’s been seven years since the beginning of the exploration and it is now entitled by law to strip 25% of the licensed area from the consortium.

ENDS

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

Austria’s ILF signs deal to update Tajik HPP

DUSHANBE, JAN. 10 2016, (The Conway Bulletin) — Austrian company ILF Consulting Engineers signed a contract with Tajik state-owned utilities company Barqi Tojik to provide consulting services to modernise the Kayrakkum hydropower project, a key part of Tajikistan’s plans to become a regional exporter of electricity.

The Soviet-era facilities at the Kayrakkum plant have now reached the end of their lifecycle and the total cost of the modernisation of the plant is estimated at $169m. The European Bank for Reconstruction and Development will finance around $50m.

Barqi Tojik also intends to increase capacity of the hydropower plant, from 126MW to 174MW, giving an annual total output of 900 GWh.

Tajikistan, which produces around 98% of its electricity from hydropower sources, is trying to improve its power capacity.

It is part of the CASA-1000 project, an ambitious export project to send electricity to Pakistan and Afghanistan.

The project is due for completion in 2019 and to fulfil its role of supplier, Tajikistan needs to speed up its modernisation projects. Kyrgyzstan is also involved in the CASA-100 project. Last month, Kyrgyzstan’s biggest hydropower station, Toktogul, broke down.

ENDS

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

Tajik MPs consider constitutional changes

JAN. 13 2016, DUSHANBE (The Conway Bulletin) — Tajikistan’s parliament is considering changes to the constitution that will, effectively, cement control of the country under President Emomali Rakhmon and his family.

Local media reported that MPs were looking into scrapping term limits for the president and also lowering the minimum age of presidential candidates to 30 from 35.

This second potential amendment would mean that Rakhmon’s son, Rustam, would be eligible to take over as president in 2020 when the next presidential election is due. He will be 33 in 2020.

A Dushanbe-based analyst who asked to remain anonymous said: “Both Rakhmon and his son will be eligible for presidency in 2020. I think, they want to keep both doors open and the decision will be taken only in 2020 according to situation and condition, as well as on how the incumbent president feels.”

Human rights and democracy group have accused Mr Rakhmon, who has been president since the 1990s, of acting as an autocrat,

imprisoning opposition leaders and cracking down on dissent. But governments, both from the West and also Russia and China, have seemingly preferred to see a strong Mr Rakhmon remain in power and act as a bulwark against any northern momentum from the Taliban in Afghanistan.

And most people in Tajikistan appear to support the status quo. “We need stability in the country,” said a man in his 50s walking in Dushanbe. “I don’t care who is the President, I just don’t want any war.”

ENDS

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

ICG warns Tajikistan, Uzbekistan, Turkmenistan on Taliban threat

JAN. 11 2016, DUSHANBE (The Conway Bulletin) — Anti-terrorist operations by Pakistan’s military along its border with Afghanistan have pushed Islamist fighters north, increasing the threat posed by the Taliban to Tajikistan, Uzbekistan and Turkmenistan, the Brussels-based International Crisis Group (ICG) said.

The ICG said these battle-hardened radicals had played a key role in briefly capturing Kunduz, on the border with Tajikistan, last year.

“Insecurity in Afghanistan’s northern provinces, including Taliban control of districts across from Tajikistan, has increased pressure, with risk that battle-experienced Islamic militants could link up with even small numbers of potential allies inside the country,” ICG wrote.

The ICG is an influential voice. Its report sides with Russia’s analysis that stability along Central Asia’s southern border has worsened.

ENDS

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

Iran ratifies security deal with Tajikistan

JAN. 11 2016 (The Conway Bulletin) – Iran’s parliament ratified a security deal with Tajikistan despite a row over an invitation to a Tajik opposition leader to visit Tehran that dented relations between the two countries earlier this month. Tajik president Emomali Rakhmon and Iran’s Hassan Rouhani had agreed the security deal in 2014.

ENDS

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

Tajikistan sets presidential referendum date

FEB. 10 2016 (The Conway Bulletin) – Tajikistan’s parliament said a referendum on both ditching limits on presidential terms and reducing the minimum age for presidential candidates would be held on May 22, a move widely perceived as allowing Emomali Rakhmon and his family to retain their hold on power.

The 63-year-old Mr Rakhmon has ruled over Tajikistan since a civil war in the mid-1990s. He is generally considered an autocrat who has enriched his family and their supporters and crushed opposition.

Last year the Tajik authorities banned the Islamic Renaissance Party of Tajikistan, previously the country’s only official opposition party.

Mr Rakhmon appears to be hedging his bets ahead of a presidential election in 2020.

The constitutional changes, which are likely to be voted through by Tajiks more concerned with the economy than political reforms, will mean that he can either stand for a fourth term as president or that his eldest son, Rustam, can run for president. Rustam will be 33 in 2020. The constitutional amendments will reduce the minimum age for presidential candidates to 30 from 35.

People voting in the referendum will also be asked to decide whether to outlaw political parties linked to religion, a move appeared designed to block any splinter group from the Islamic Renaissance Party of Tajikistan (IRPT) gaining any popular backing.

Separately, a court in Dushanbe started the trial of 13 members of the IRPT who are accused of radicalism.

ENDS

(News report from Issue No. 267, published on Feb. 12 2016)

Tajik aluminium company receives gold licence

DEC. 21 2016 (The Conway Bulletin) — TALCO, the Tajik state-owned aluminium company, received the rights to develop a cluster of gold and precious metals deposits in the area near Ayni, north-west Tajikistan. The Tajik government granted TALCO the rights to the deposits of Konchoch and Skalnoye for 25 years. TALCO will also build a processing facility in the area.

ENDS

(News report from Issue No. 262, published on Jan. 8 2016)

Tajikistan imposes cash withdrawal limit

JAN. 6 2016 (The Conway Bulletin) – The Tajik Central Bank imposed currency withdrawal restrictions on account holders as the Tajik somoni currency continued to lose value, media reported. It limited cash withdrawals to $400 per person. In December, the government closed down exchange kiosks, blaming them for pressuring the value of the somoni.

ENDS

(News report from Issue No. 262, published on Jan. 8 2016)

Netflix expands from Armenia to Tajikistan

JAN. 7 2016 (The Conway Bulletin) — The US online streaming service Netflix expanded its operations to 130 new countries, including those former Soviet states of South Caucasus and Central Asia. The expansion will give customers from Armenia to Tajikistan access to popular US TV shows through their internet connection.

ENDS

(News report from Issue No. 262, published on Jan. 8 2016)

Currencies: US dollar, Kazakh tenge

JAN. 7 2016 (The Conway Bulletin) — The New Year did not change the fortunes of currencies in the South Caucasus and Central Asia. All currencies are still suffering against a strong US dollar and Central Banks are intervening to prop them up.

Undoubtedly, the most notable decision came just before the holidays when Azerbaijan ditched its currency peg to the dollar and let the manat slide. After a 48% fall, the currency found its equilibrium at 1.55/$1. It is now trading at 1.57/$1.

In Kazakhstan, the tenge recovered towards the end of December, but it slid to 345/$1 in January.

Tajikistan witnessed the worst start of the year, with its somoni currency falling 2.5% in the first week of January, trading at 7.17/$1. Notably, exchange points have been charging a premium of 8-10% on currency transactions in the past few weeks.

In Kyrgyzstan the Central Bank has kept the som stable at 75.9/$1 by intervening several times.

ENDS

(News report from Issue No. 262, published on Jan. 8 2016)