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East Asia
Tehran and Beijing begin $3bn oil cooperation
Iranian deputy oil minister said Iran and China will jointly launch a three-billion-dollar oil project to develop and optimize Abadan Refinery. Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi, while expounding on the first major agreement between Iran and China in the post-JCPOA era, said…
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Central Asia
What comes next after mining?
Chintushig Boldsukh – The UB Post Ever since the 2001 discovery of the Oyu Tolgoi mine by Ivanhoe Mines, there has been an equal amount of optimism and cautionary sentiment regarding the use of the resource model to develop the economy. While many have recognized the potential that a thriving…
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East Asia
Development in Korea, India
Ranjit Kumar Dhawan – The Korea Times November 14 of this year marked the hundredth birthday of an iconic Korean leader, Park Chung-hee. Although Park has been criticized for being authoritarian and conservative, it was under his leadership that Korea witnessed rapid economic transformation. It was largely due to the…
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East Asia
China expected to be listed among high-income countries by 2022
Reform will boost the growth potential of China’s economy, and China is expected to achieve GDP per capita of $12,600 in 2022, making it a high-income country, said Cai Fang, deputy director of the Chinese Academy of Social Science, Shanghai Securities News reported. Cai made his remarks at a Dec.…
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Central Asia
Medvedev and Yildirim: Russia and Turkey should develop their relations more actively
Russia and Turkey have great potential to increase the bilateral trade and economic cooperation, the Russian Prime Minister Dmitry Medvedev said during a meeting with the Turkish Prime Minister Binali Yildirim. According to him, Russia and Turkey have a historically large volume of trade ties, but for a number of…
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East Asia
Troubles ahead?
A new U.S. President has been elected, and this time the world’s most powerful job went to, should we say, a rather unconventional person. Indeed, a former real estate tycoon and TV celebrity is not the type of individual we expect to see in the Oval Office. But such was…
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East Asia
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Central Asia
Azerbaijani, Turkish and Turkmen energy ministers to meet early 2017
Meeting of energy ministers of Azerbaijan, Turkey and Turkmenistan is planned for early 2017, said Turkish Foreign Minister Mevlut Cavusoglu. Cavusoglu made the remarks during a joint briefing with his Azerbaijani counterpart Elmar Mammadyarov in Baku Dec. 3. “Azerbaijan and Turkey also intend to develop cooperation within trilateral formats with…
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South Asia
National projects full swing under CPEC objectives
By Sameer Nazir – KARACHI Frontier Works organization (FWO) is committed to make prosperous country and its best resources utilizations under China-Pakistan Economic Corridor (CPEC) objectives, which is now turned into reality for world of opportunities in the region. Director General FWO Major General Mohammed Afzal has emphasized on the…
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Central Asia
Two main gas pipelines connected in Kazakhstan
Kazakh national gas transportation operator KazTransGas built a booster compressor station at the connection TIP-02 between the main gas pipeline “Bukhara gas-bearing region-Tashkent-Bishkek-Almaty” and “Kazakhstan-China”, the company said in a message Nov. 29, Trend reports. The new booster compressor station located in Zhambyl region will allow to have gas pumping…
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