` Russia Expresses Interest in Economic Cooperation with Pakistan ‘

#AceFinanceNews – MOSCOW – June 03 – /ITAR-TASS/. Russia is interested in closer economic cooperation with Pakistan, especially in the energy sector, Sergei Shatirov, a deputy chairman of the economic policy committee of Russia’s Federation Council upper parliament house, said on Tuesday at a meeting with Russian Honorary Consul in Lahore Habib Ahmed.

According to Shatirov, the Russian side is interested in possible participation in the CASA-1000 project, which provides for the construction of three high-voltage electricity transmission lines from Kyrgyzstan and Tajikistan to Afghanistan and Pakistan. “Russia’s joining this project as an equal participant would help solve financing problems. Moreover, it would make it possible to hook up CASA-1000 with Russia’s energy system via Kazakhstan,” he said.

“Russia’s participation in the CASA-1000 project would be a guarantee of uninterrupted electricity supplies to South Asian countries, first, to Pakistan.”

He expressed the hope that Islamabad will support Russia’s initiatives.

Apart from that, Shatirov reassured partners that Russian companies, including Telhnopromexport and Inter RAO were ready to take part in the modernization of Pakistan’s energy sector.

The most promising facilities from this point of view, in his words, were heat power plants in Muzaffargarh and Jamshoro.

Habib Ahmed, in turn, stressed that regular meeting and exchange of views were very useful for the development of cooperation between the two countries. “Our business wants to cooperate with Russia as a country of big opportunities.

And it is important for Pakistan to develop our relations more actively,” he said.

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` Russia's `Gazprom ' Signs Agreement with `Kyrgyzstan ' on `Purchase ' of 100% of Shares Kyrgyzgaz at $1 '

#AceFinanceNews – BISHKEK – April 10 – Russia’s Gazprom natural gas monopoly on Thursday signed with Kyrgyzstan an agreement on the purchase of 100% of shares of Kyrgyzstan’s debt-ridden state gas company Kyrgyzgaz for $1.

The new Gazprom unit will be called Gazprom-Kyrgyzstan, Gazprom CEO Alexei Miller said. According to him, “the main goal of the new company will be to ensure uninterrupted supply of natural gas in the needed volumes to Kyrgyz consumers.”

Under the bilateral agreement, Gazprom will allocate at least 20 billion rubles within 5 years for the modernization of gas distribution networks of Kyrgyzstan the length of which is some 700 kilometers.

“We also intend to resume geological prospecting work in Kyrgyzstan in order to raise the republic’s potential. Today, the country produces less than 30 million cubic meters of gas, and we intend to increase this share, as well as the number of gas consumers in Kyrgyzstan,” Miller said.

Russian Oil and News Sources

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` Rosneft wants to purchase a Majority Stake in State-Controlled company that owns all of Kyrgyzstan’s Airport’s’

#AceFinanceNews – KYRGYZSTAN – April 02 – Russia’s state-run oil giant Rosneft wants to purchase a majority stake in the state-controlled company that owns all of Kyrgyzstan’s civilian airports.

The negotiations are stoking concern in some circles in Bishkek about the potential risk to Kyrgyzstan’s sovereignty.

But with its entrenched corruption, poor governance and remote location, the Central Asian country has few other options.

Rosneft’s takeover target is a company called Manas International Airport, named for the largest of the airfields under its control.

In addition to Manas, which is situated outside Bishkek, the company operates 10 smaller (mostly non-functional) airports around the country.

The Manas facility has hosted an American military base for almost 13 years, but the troops are packing up and are due to leave by July.

Without the American spending, Kyrgyz officials argue, the company, which is 79 percent state-owned, will go into the red.

“Originally published by EurasiaNet.org”. http://www.eurasianet.org.

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