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Monday, 22 August 2005
Turkmenistan Introduces Structural Changes in Oil and Gas Sector
Topic: Economy & business
Ashgabat, 23 August 2005 (nCa) --- President Niyazov introduced Monday a number of organizational changes to streamline the oil and gas sector of Turkmenistan.

The law of Turkmenistan “About Hydrocarbon Resources” has been amended to give direct contractual powers to the ministry of oil and gas industry and mineral resources of Turkmenistan. The words “competent authority” have been replaced by “ministry of oil and gas industry and mineral resources of Turkmenistan” in the entire text of the law.

Ministry of oil and gas would now exercise direct supervision over the three main wings of oil and gas complex.

“Minister of oil and gas should have three deputies – head of Turkmenneftgaz corporation, head of state concern Turkmenneft and head of the state concern Turkmengaz,” said President Niyazov during a meeting of cabinet of ministers Monday.

“Every month you should report on the progress on foreign agreements and you must also report monthly the production of oil and gas,” said Niyazov.

It appears that Turkmengeologia would be merged with the exploration department.

Niyazov tasked the heads of oil and gas complex to create a common council on oil and gas exploration. He also demanded better exploration activity.

“You have to discover new oil and gas fields; more new deposits than we already have,” he said.

Speaking of the need for transparency, Niyazov said that suuitable organizational and administrative conditions should be created to avoid any abuse, including in the sphere of interstate cooperation.

Posted by countryturkmenistan at 11:01 PM
Green Light for Children's Health Centre near Ashgabat
Topic: Health, Education, Social
Turkish Polimeks Gets US $ 11.7 Mln Contract in Turkmenistan

Ashgabat, 23 August 2005 (nCa) --- President Niyazov signed Monday a resolution, authorizing the Central Bank of Turkmenistan to sign a contract with the Turkish company Polimeks for construction of a children’s health and recreation centre.

The health centre would be built in Gokdere settlement near Ashgabat.

With capacity to accommodate 365 children simultaneously, the centre would cost US $ 11.799 million including taxes.

Construction work should start in September 2005 and the centre should be ready by October 2006.

Posted by countryturkmenistan at 11:01 PM
Updated: Sunday, 28 August 2005 9:53 AM
New Rules Expected for Election of MPs, President in Turkmenistan
Topic: Turkmenistan Political
Turkmenistan Revising Rules for Election of MPs, President

Ashgabat, 23 August 2005 (nCa) --- It was clear Monday that Turkmenistan is rewriting rules for election of president and members of the parliament.

During a meeting of the cabinet of ministers, President Niyazov asked Ovezgeldy Atayev, chairmen of Turkmen parliament, to chalk out new rules for the presidential and parliamentary elections.

Parliament would debate the rules and the final draft would come for voting during the next session of Khalk Maslehaty, the highest legislative and deliberative body of Turkmenistan.

The forthcoming session of Khalk Maslehaty would be held in October 2005 in Ashgabat.

Posted by countryturkmenistan at 11:01 PM
Tuesday, 16 August 2005
Turkmenistan Plans Tourist Resort at Caspian Beach
Topic: Travel to Turkmenistan
Turkmenistan Floats Tender for Tourist Resort Complex at Caspian

Ashgabat, 17 August 2005 (nCa) --- The government of Turkmenistan announced Tuesday tenders for construction of a tourist resort complex at the Caspian coast.

According to a presidential resolution, Turkmenneftgazstroi would announce tenders inviting interested parties to bid for construction of a hotel and resort complex at the Awaza settlement, a scenic and serene location near the Turkmenbashy Caspian port of Turkmenistan.

Some of the best hotels of Turkmenistan are already located in or near the Awaza settlement.

An interdepartmental commission has been asked to determine the winner of the tender by 1 September 2005.

Posted by countryturkmenistan at 11:01 PM
Updated: Sunday, 28 August 2005 10:09 AM
Wednesday, 10 August 2005
Turkmenistan Releases Economic Statistics for Jan-Jul 05 Period
Topic: Economy & business
GDP Growth in Turkmenistan up 20.5% in Jan-Jul Assessment, Economy Growing

Ashgabat, 11 August 2005 (nCa) --- Statistics released by Turkmenistan for the Jan-Jul 2005 period indicate that the GDP has maintained a steady growth rate of 20.5% for the period under review. All sectors of economy maintained strong activity.

Industrial sector posted 18.7% growth, agriculture 19.9%, construction 17.2%, transport and communication 17.4 for the Jan-Jul period.

Trade and services sectors reported 28.4% and 23.2% increase in volume compared to the same period of last year.

Oil and gas sector continued to register healthy activity. Extraction of oil was 5.679 million tons and gas 37.344 billion cubic meters during the reported period. Out of this volume, 26.984 billion cubic meters of gas was exported to Ukraine, Russia and Iran.

Production of liquefied gas increased by 16%, mostly because of the Nayep LPG complex that came on line at the end of last year. Further increase in LPG capacity is expected when Bagazha and Yashildepe plants come in production.

Lube oil production increase by 4% and polypropylene by 3% during the first seven months of this year.

Petrol production registered an imperceptible 0.1% rise and diesel oil 1% during the review period.

Power generation showed 10% gain. During the Jan-Jul period, 7.378 billion kWh of electricity was produced in Turkmenistan.

Building materials industry returned high growth figures; cement production rose by 230%, sheet glass 11% and non-metallic building material 10%.

Textile industry retained its trend of brisk growth. Cotton yarn production was up by 16%, cotton fabrics 4%, hosiery products 1%, silk yarn 42%, and washed wool 12%.

Canned meat production expanded by 26%, confectionery products 4%, and vegetable oil 4%.

Production of non-alcoholic beverages improved by 16%.

Wheat output was up by 9%, vegetables 7%, melons and gourd 5%, potatoes 10%, fruit and berries 4%, and grapes 9%.

Livestock population showed steady increase. Horned cattle increased by 2%, sheep and goat 7%.

Meat production increased by 9%, milk 11%, eggs 10%, and wool 6%.

Posted by countryturkmenistan at 11:01 PM

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