On July 29, fully owned subsidiaries of Gazprom and of Austria's Raiffeisen Bank signed agreements establishing a joint gas-trading company, RosUkrEnergoprom. With Gazprom and Raiffeisen each holding half the shares, RosUkrEnergoprom will act as the operating company for gas exports from Turkmenistan to Ukraine via... MORE

On June 21, the Russian newspaper Nezavisimaya gazeta published a sensational report implicating Turkmenistani officials in the illegal drug trade. So far the revelations have apparently been overlooked both in Russia and Turkmenistan. During the interview with Nezavisimaya gazeta, the former deputy head of the... MORE

On May 24-25 many portraits of President Saparmurat Niyazov suddenly disappeared from the streets of the capital of Turkmenistan. This was done on orders from Turkmenbashi. Hundreds of portraits of the president, which until recently were conspicuous on government buildings, businesses, clinics and schools, disappeared... MORE

Potentially one of the richest of the former Soviet republics, with natural gas estimated as high as 3.7 trillion yards, Turkmenistan has been unable to exploit its energy reserves because of its geographical isolation and governmental system. Thirteen years after the implosion of the USSR,... MORE