Economy

GDP growth in EurAsEC countries stable - Mansurov

Secretary General of the Eurasian Economic Community (EurAsEC) Tair Mansurov pointed to the stable growth of the gross domestic product (about seven percent a year), industrial and agricultural increase, as well as a growth of salaries and pensions, which was registered in the organisation’s member countries - Russia, Belarus, Kazakhstan, Uzbekistan, Tajikistan and Kyrgyzstan - within the seven years of its existence, Itar-Tass reported.

World cotton output to rise 5% in 2008-09 season: ICAC

The International Cotton Advisory Committee has forecast a rise of five per cent in the world cotton production in 2008-09 season.

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Oxus Gold says RAB Capital fund extends Zeromax option until Jan 31

Oxus Gold PLC said RAB Special Situations (Master) Fund Ltd has agreed to extend the option granted to Zeromax GmbH to buy up to 52.25 million shares in the company from RAB at 80 pence a share.

Oxus Gold says Zeromax now has 17 pct stake after partial option exercise

Oxus Gold PLC said Zeromax GmbH has bought an additional 5.5 mln Oxus Gold shares at 80 pence each by partially exercising an option from RAB Special Situations (Master) Fund Ltd, thus lifting its stake in Oxus Gold to about 62.5 mln shares, or 17 pct.

Russian Co wins contract to modernize Uzbek diesel locomotives

The Russian closed joint-stock company Transpromresurs and Uzbekiston Temir Yollari (Uzbekistan Railways) state joint-stock railway company have signed a contract to modernize diesel locomotives for US$54 million, Interfax quoted a source in the Uzbekistan Railways management as saying.

Uzbekistan ends gas talks with neighbours

Uzbekistan has ended talks on gas supplies with its neighbour countries in the Central Asian region, Itar-Tass reported.

China National Petroleum subsidiaries to pay billions for Central Asia gas pipeline

China’s biggest oil company, China National Petroleum Corp., will spend 16 billion yuan (US$2.2 billion, €1.5 billion) to help build a natural gas pipeline from Turkmenistan that will eventually supply energy for booming cities such as Shanghai, a state news agency reported.

Tajikistan to buy Uzbek gas at US$145 per 1,000 cubic meters

Tajikistan will export Uzbekistan’s gas at a price of US$145 per 1,000 cubic meters in 2008, up by US$45 compared to the price in the outgoing year.

PetroChina, CNODC to invest in 50-50 pipeline JV

PetroChina Co., Ltd and China National Oil and Gas Exploration and Development Corp (CNODC) have entered into an agreement to invest RMB 8 billion each in CNPC Exploration & Development Co., Ltd (CNPC E&D), according to sources.

Ukraine plans to import gas from Uzbekistan

Ukraine intends to reach agreement with Uzbekistan on direct supply of natural gas, the website of Cabinet of Ministers of Ukraine said.

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