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News: February 2011

TURKMENISTAN, MALAYSIA TO EXPAND COOPERATION IN FUEL AND ENERGY SECTOR AND INVESTMENTS

Source: Turkmenistan.ru, 28.02.2011

The status, prospects and expansion of bilateral cooperation in the trade-economic sphere as well as in the fuel and energy sector and investments were discussed yesterday at the meeting between President Gurbanguly Berdimuhamedov and Minister of Foreign Affairs of Malaysia Anif Aman, who arrived in Ashgabat at the head of his country's delegation.

As the Turkmenistan.ru correspondent reports quoting the press service of the Turkmen leader, talking about cooperation in the energy sector, the sides noted that the successful long-term operations of Petronas gas company in Turkmenistan, exploring and extracting hydrocarbons on the Caspian Sea shelf, is exemplary in this regard.

Anif Aman noted that “the business community of Malaysia strives to establish long-term close cooperation with Turkmenistan, which is due to favorable investment climate and the high dynamics of development of the Turkmen market.” He also noted the importance of humanitarian cooperation, including through education and training of qualified personnel, where the counties have already established fruitful relations.

The same day, the Foreign Minister of Malaysia and members of his delegation were received at the Ministry of Foreign Affairs of Turkmenistan, where the sides exchanged views on key issues of interstate cooperation.

EU OFFERS TURKMENISTAN NEW INVESTMENT PROJECTS

Source: Turkmenistan.ru, 28.02.2011

The European Union is ready to offer Turkmenistan new investment projects for construction of water infrastructure facilities, as well as projects in the field of ecology, energy and agriculture. This is stated in a communique issued following the 11th meeting of Turkmenistan - European Union joint committee in Ashgabat.

The forum was attended by members of a high-level delegation of the European Commission, as well as heads of diplomatic missions accredited in Turkmenistan and missions of EU member states and the House of Europe. The Turkmen side was represented by leaders and senior officials of ministries and departments.

Trade and investments, education, transport and communication spheres, development of the private sector, environment and other areas were named the priority areas of partnerships. The sides also noted the importance of enhancing cooperation in the legal sphere within the framework of ongoing democratic reforms in Turkmenistan. Cooperation in the energy sector was discussed separately, the report says.

TURKMENISTAN INTENDS TO INCREASE FIVEFOLD ELECTRICITY EXPORTS TO AFGHANISTAN

Source: Turkmenistan.ru, 28.02.2011

Turkmenistan will start construction of large energy infrastructure facilities that will make it possible to fully meet energy needs of Lebap province, and to increase fivefold exports of Turkmen electricity to neighboring Afghanistan.

This was stated in a press release issued by the Ministry of Foreign Affairs of Turkmenistan. Construction of the new facilities will be carried out in 2 phases. The cost of the first phase of construction exceeds US $ 390 million. Construction work is scheduled to begin in April this year and be completed in September 2013.

Upon completion of construction, Turkmenistan’s transmission lines will be extended to Afghanistan, in the border district of the Afghan city of Andkhoy. In the long term, this project will allow Turkmenistan to export electricity to Tajikistan and Pakistan, the press release says.

At present, Turkmenistan annually exports 325 million kWh per year to Afghanistan.

TURKMENISTAN BECOMES WHEAT EXPORTER

Source: Turkmenistan.ru, 28.02.2011

This year, for the first time in the history of Turkmenistan, the country has got a real opportunity to export high-quality Turkmen wheat to the world market, the press service of the Turkmen Foreign Ministry said.

“This was made possible owing to the phased implementation of the new agrarian policy of President Gurbanguly Berdimuhamedov, which provides for state support to farming and incentives for farmers,” the press service said.

“Thus, Turkmenistan has made another important step in strengthening its economic power, which is a reliable basis for its involvement in addressing the problem of global food security as envisaged in the UN Millennium Development Goals declaration,” the report says.

TURKMENISTAN TO MOVE TO NEW GDP CALCULATION METHODOLOGY

Source: Turkmenistan.ru, 28.02.2011

The state statistics of Turkmenistan made a significant step towards integration into the global statistical space. As reported by UN Radio, this was announced by the Chairman of the State Committee for Statistics of Turkmenistan, Akmurad Mamedov, at the 42nd session of the UN Commission on Statistics. According to him, introduction of international standards also means transition to a new methodology for GDP calculation in comparable prices leading to the improvement of GDP calculations by industry.

The Chairman of the Turkmen State Statistics Committee said that following its commitment to implement the Millennium Development Goals Turkmenistan plans to introduce a concept and system of basic indicators for reproductive health, population and development in accordance with the methodological guidance of the UN.

The improvement of national statistics will be supported by the further development of Turkmenistan’s cooperation with statistical offices of the UN, TACIS, IMF, EU, OECD, World Bank, ILO, UNICEF, CIS, TIKA and other international and regional organizations, Mamedov said.