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TURKMENISTAN


 

 

In-depth Business Intelligence

Key Economic Data 
 
  2003 2002 2001 Ranking(2003)
GDP
Millions of US $ 6,010 7,672 4,000 110
         
GNI per capita
 US $ 1,120 1,200 950 131
Ranking is given out of 208 nations - (data from the World Bank)

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REPUBLICAN REFERENCE

Area (sq.km) 
488,100 

Population 
4,863,169 

Principal 
ethnic groups 
Turkmens 77%
Uzbeks 9.2%
Russians 6.7%

Capital 
Ashkhabad 

Currency 
Turkman Manat

President 
Saparmurat Niyazov


Update No: 297 - (29/09/05)

US and Turkmenistan to ensure regional security
The chief of the US central command, General John Abizaid, during his visit to Ashgabat on August 23-34th, discussed with Turkmen President Saparmurat Niyazov a wide range of issues related to the aspects of further interaction between Turkmenistan and the United States in ensuring stability and security in the region, Turkmenistan.ru reported.
Abizaid also had meetings in Turkmen Ministry of Defence and State Border Service. After the meeting with Niyazov, Abizaid told the Turkmendowletkhabarlary agency he appreciated Niyazov's views on the current situation in the central Asian region. Touching in this regard on the situation in neighbouring Afghanistan, Abizaid noted the role of Turkmenistan in the process of peaceful development of this country.
Currently Turkmenistan ensures supplies of electricity and hydrocarbon resources to the neighbouring region of Afghanistan.
According to Abizaid, it is the policy of cooperation and good neighbourliness pursued by the Turkmen government that actively influence the process of recreation of normal life Afghanistan. He said that a plan on the construction of a Trans-Afghan gas pipeline initiated by Niyazov is a promising project of development of the regional partnership. Abizaid stated Washington highly assess cooperation with Ashgabat and predicts some potential in collaboration in the spheres of joint security, including combating terrorism, border protection and drug trafficking.
He called for further discussion, the sides also voiced support for the development of efficient cooperation, including in trade and economic, military technical and humanitarian spheres. Meanwhile, a new Boeing-717 aircraft with a capacity of 120 people, arrived in Ashgabat's international airport on August 29th. This aircraft was built this year in the US and is the fifteenth Boeing in the air fleet of Turkmenkhovayollary state national service. The American partners already supplied one middle-range Boeing 717 in Ashgabat in early August, according to a contract with the Turkmen side.
Currently, the air fleet of Turkmenistan has four types of aircraft including the wide-body long-range Boeing 767-300 liner. The programme of the development of the aviation sector till 2020 envisages purchasing another 20 Boeing aircraft, which will allow the expansion of international flights.

Ukraine counts on Turkmen gas supplies
Ukrainian Ambassador to Ashgabat Victor Mayko said Turkmenistan gas supplies would help to boost economic partnership between the two countries, Turkmenistan.ru reported recently.
"The trade turnover between Ukraine and Turkmenistan has exceeded US$2bn over the course of two years making it possible for our country to take the first place among the countries trading with Turkmenistan," he said in an article published by Turkmen mass media on the occasion of the 14th anniversary of Ukraine's independence. "Turkmenistan occupies a leading position among state-importers with which Ukraine maintains economic relations. This is graphic evidence of our countries significance to each other," Mayko said. He stressed that the trade volume between Ukraine and Turkmenistan reached US$1.181bn in the first half of this year alone, up US$272.2m on the year. Mayko expressed great hope on the forthcoming first meeting of the interstate Ukraine-Turkmen commission in Kiev chaired by the president of both states

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ENERGY

Turkmenistan extracts oil 


Turkmenistan's institute of state statistics and information said in its latest report that production of oil with gas condensate as a whole exceeded 6.5m tonnes in the first eight months of the year, up 2.5 per cent year-on-year, Turkmenistan.ru reported. 
Since the beginning of the year, Turkmenistan has put into operation tens of new oil wells. Production drilling is well under way at Akpatlawuk, Nebitleje and Korpeje oil fields. Exploration activities were boosted at Southern Yolatan and Mydar fields. The volume of refined oil rose 0.5 per cent to 4.6m tonnes in eight months of the year. At the same time, introduction of high technologies has made it possible to increase the assortment of marketable oil products as high-octane gasoline and thermoplastic polymer. Production of polypropylene and lubricants grew 4.2 per cent to 57,300 and 29,800 tonnes respectively. Turkmenistan produced 259,100 tonnes of liquefied gas in the reported period, a 16.6 per cent increase on the same period of 2004. Exports of polypropylene and liquefied gas exceeded 90 per cent of the total production.

Ukraine counts on Turkmen gas supplies 

Ukrainian Ambassador to Ashgabat, Victor Mayko, said Turkmen gas supplies would help to boost economic partnership between the two countries, Turkmenistan.ru reported recently.
"The trade turnover between Ukraine and Turkmenistan has exceeded US$2bn over the course of two years making it possible for our country to take the first place among the countries trading with Turkmenistan," he said in an article published by Turkmen mass media on the occasion of the 14th anniversary of Ukraine's independence. "Today, Turkmenistan occupies a leading position among states-importers with which Ukraine maintains economic relations. This is graphic evidence of our countries significance to each other," Mayko said. He stressed that the trade volume between Ukraine and Turkmenistan reached US$1.181bn in the first half of this year alone, up US$272.2m on the year. Mayko expressed great hope on the forthcoming first meeting of the interstate Ukraine-Turkmen commission in Kiev chaired by the president of both states. 

FOREIGN INVESTMENT

Foreign companies pour US$4.66bn in Turkmenistan 

Foreign contractors continued playing a crucial role in realisation of the investment programme of the Turkmen government in the first half of the year, Turkmenistan.ru recently reported. 
According to the national institute of state statistics and information, Turkmenmillihasabat, 73 foreign companies from 21 countries carried out building and assembly works under the contracts signed with Turkmen ministries and establishments for the construction of 198 facilities at a total cost of US$4.66bn.
In the period since the start of the year construction of 21 industrial and social-cultural facilities worth US$619.4m has been completed. A considerable amount of funds was invested in construction of industrial facilities, 77 facilities (63 per cent of the total contractual cost of all construction works) under the projects implemented jointly with the foreign companies. 
In fact, the major contractors are the companies from Turkey, Ukraine, France, British Virgin Islands, German, Ireland and other states. 

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FOREIGN RELATIONS

Tajik Ambassador to Ashgabat highly appreciates brotherly help of Turkmenistan 

In an article published by Turkmen mass media on the occasion of the 14th anniversary of independence of the Republic of Tajikistan marked September 9, 2005, Ambassador of Tajikistan to Ashgabat Kozidowlat Koimdodov expressed gratitude to Saparmurat Niyazov for taking care of development of the bilateral relations, Turkmenistan.ru reported. 
"I would like to especially note the contribution by the Turkmen people and its president Saparmurat Niyazov to the settlement of inter-Tajik conflict," says the article by the head of the diplomatic mission recalling that three rounds of inter-Tajik talks were held in Ashgabat in the difficult time for his republic. 
The Ambassador emphasized the importance of a decree signed recently by Saparmurat Niyazov on granting Turkmen citizenship to various categories of refugees. "The decree grants citizenship to over 10 thousand of our former citizens, who left Tajikistan in the time of civil war, Koimdodov says. All of them are ethnic Turkmens who, by the will of fortune, found themselves far away from the historical home. We are happy that they are now full-fledged citizens of friendly Turkmenistan."
According to the diplomat, the government of Tajikistan attaches great importance to the further development and strengthening of relations with Turkmenistan. "At present, 13 draft agreements are being considered by the Turkmen and Tajik sides. The signing of these documents would surely help strengthening the bilateral relations in political, economic and humanitarian fields. Today, our countries cooperate in the various fields: economic, ecologic, transport, cultural and many other fields. Further cooperation in the gas and power engineering fields is planned."

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