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headlines from the caspian: august 30, 2022

Headlines from the Caspian: August 30, 2022

Author: Caspian Policy Center

Aug 31, 2022

Image source: Getty Images

Energy and Economy

Azerbaijan and Kazakhstan Sign Agreements

Azerbaijan and Kazakhstan signed strategic cooperation deals aimed at boosting bilateral relations in a meeting between Azerbaijan’s President Ilham Aliyev and Kazakhstan’s President Kassym-Jomart Tokayev in Baku on August 24. The signed deals outlined cooperation efforts in sectors including energy, transportation, digital development. The “Comprehensive Program on the Development of Cooperation between the Republic of Azerbaijan and the Republic of Kazakhstan for 2022-2026” signifies efforts to work towards greater regional cohesion at the 30-year mark of diplomatic relations between the countries.

Source: Caspian News

Turkmenistan Signs Pipeline Contract with China

On August 29, Turkmennebit, the national oil company of Turkmenistan, received signed approval from Turkmenistan President, Serdar Berdimmuhamedov, to purchase 2,309 tons of drilling pipes from China’s King Ease company. Turkmenistan’s gas reserves recently increased by five trillion cubic meters after the discovery of 149 gas and gas condensate fields, and this purchase will open the new fields to investments from China, Russia, and Europe.

Source: Silk Road Briefing, Turkmenistan News Gazette

Kazakhstani Holding Company Purchases Sber Bank Subsidiary

Baiterek National Managing Holding has signed an agreement with Sber Bank to purchase the entire stake of the latter’s Kazakhstani subsidiary branch. Previously, several Kazakhstani Banks stopped accepting payment from Sber Bank Kazakhstan to avoid running afoul of international sanctions.

Source: Fergana News Agency

Security and Politics

Armenia and Azerbaijan Leaders Agree to Meet

Azerbaijan’s President Ilham Aliyev and Armenia’s Prime Minister Nikol Pashinyan have reportedly agreed to meet in Brussels on August 31. The meeting will be mediated by the President of the European Council, Charles Michel. This will be the first meeting of the two heads of state since May 22.

Source: RFE/RL

Control of Lachin City and Villages Handed Over to Azerbaijan

Azerbaijan received control of Lachin City and several villages. This falls in line with the provisions of the 2020 Nagorno-Karabakh ceasefire agreement that gives Azerbaijan control of the Lachin corridor “within the next three years.”

Source: Report.az, Eurasianet

United States Appoints New Co-Chair to the OSCE Minsk Group

Secretary of State Anthony Blinken announced that he was appointing Ambassador Phillip Reeker to serve as the U.S. OSCE Co-Chair to the Minsk Group and Senior Advisor for Caucasus Negotiations. Ambassador Reeker has previously served as Charge d’Affaires to the United Kingdom, Acting Assistant Secretary for Europe and Eurasia, and Ambassador to North Macedonia.

Source: Department of State

Kazakhstan Announces a Halt of its Arms Exports

Kazakhstan has announced the decision to halt arms exports for a year. Kazakhstan produces artillery vehicles, machine guns, night visors, grenades, protective gear, and a wide range of other military equipment. Kazakhstan’s government gave no immediate reason for the suspension of its military exports

Source: Reuters

(Sources: Caspian News, Department of State, Eurasianet, Fergana News Agency, Report.az, Reuters, RFE/RL, Silk Road Briefing, Turkmenistan News Gazette)

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