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KazMunayGas’s Romanian arm tripled its nine-month profit to $269 million at 97% refinery load
KMG International earned $269 million in January-September, 219% more than a year earlier, on EBITDA of $469 million, up 73%, the national company said in Kapital’s report on Tuesday. Petromidia processed 4.087 million tonnes of crude, 14,670 tonnes a day, and the group’s retail companies sold 2.272 million tonnes of fuel.
Khurelsukh’s Berlin visit yields a declaration, a Frankfurt consulate and mutual driving licences
Foreign minister Batmunkh Battsetseg and state secretary Bernhard Kotsch of the Federal Foreign Office signed the Mongolia-Germany joint declaration in Berlin on Tuesday during the president’s state visit, Montsame reported. It puts renewable energy and the green transition first among economic priorities, keeps the joint university of minerals and technology and adds UN peacekeeping and mountain-infantry training to defence cooperation.
Tashkent clears VEON’s Perfectum deal with conditions on tariffs and speed
A special commission approved the purchase of Rubicon Wireless Communication, the company behind Perfectum, by VEON’s UAE-registered holding for about $207 million including about $93 million of assumed debt, Spot reported on Tuesday from the committee’s Telegram channel. Perfectum must run as a separate operator for at least three years and keep its 5G fixed-wireless tariffs for a year.
BP starts offshore construction on the $2.9 billion Shah Deniz Compression project
Four piles about 70 metres long and 292 tonnes each now stand where the compression platform’s jacket is to be installed in the first half of 2028, BP Azerbaijan said on Tuesday in the Baku agency Report’s account. The platform is to recover about 50 billion cubic metres of gas and 25 million barrels of condensate, and Azeri Light sold at $118.53 the same morning.
Tajikistan’s trade deficit reached $6.31 billion in nine months as imports grew 40.8%
Imports of $8.48 billion ran 3.9 times above exports of $2.17 billion in January-September, by the Statistics Agency’s figures as Asia-Plus presented them on Tuesday, and the deficit widened from about $4.19 billion a year earlier. China took 30.5% of exports and supplied 28% of imports, with Russia, Kazakhstan and Switzerland next.
Serdar Berdimuhamedov greets OGT-2026 with Galkynysh’s fourth phase and the Herat pipeline
The 31st Oil and Gas of Turkmenistan conference opens in Ashgabat on Wednesday 21 October for three days under the motto “Energy. Partnership. Progress.” The president’s greeting, which the state portal published on Tuesday night, names the fourth stage of Galkynysh started in April, the Serhetabat-Herat pipeline at its final stage and the Caspian licence blocks, and gives no figure.
Georgia’s Constitutional Court opens hearings on a bid to ban five opposition parties
A lawsuit signed by 88 Georgian Dream MPs in the 150-seat parliament asks the Constitutional Court to declare five opposition parties unconstitutional: the United National Movement, the Coalition for Change, Strong Georgia, the Federalist Party and Gakharia’s For Georgia. Substantive hearings run in Batumi on 21, 22 and 23 October, and the opposition will protest outside the court from 11:00 while its lawyers sit inside.
SCO governments sign four documents in Dushanbe and hand the council’s chair to Uzbekistan
The 25th Council of Heads of Government signed a joint communiqué, a 2026-2030 trade and economic action plan, a digital freight platform concept and a decision on the regulation of a data bank of investment projects in industry on Tuesday, by the Russian government’s list. Russia’s deputy prime minister Alexei Overchuk said the meeting was “to a greater degree” about a new SCO bank, on whose shares it is “still too early to speak”.
Mongolia’s finance minister defends ₮2 trillion of Oyu Tolgoi’s dividend for power plants
Finance minister Z. Mendsaikhan told the Khural’s budget committee on Tuesday that ₮1 trillion of next year’s Oyu Tolgoi dividend goes to the savings fund under the National Wealth Fund law and ₮2 trillion to a stalled project to build thermal power plants in ten provinces. A deputy asked by what legal basis the ₮2 trillion had been put on the spending side.
Azerbaijan’s crude exports fell 6.9% in volume and rose 13% in value over nine months
The State Customs Committee’s table for January to September puts crude exports at 15.83 million tonnes worth $10.10 billion, with Italy taking 56% of the tonnage. India’s purchases rose fourfold to 524,000 tonnes, and the agency Report has printed no Azeri Light price since Saturday.
Armenia’s parliamentary committee takes up the TRIPP agreement on Wednesday
The National Assembly’s foreign relations committee debates the ratification of the framework agreement on strategic cooperation with the United States on the Trump Route for International Peace and Prosperity on Wednesday 21 October, with Ararat Mirzoyan as rapporteur. Ratification itself falls to the plenary, which opens on 27 October.
Garibashvili’s bribery case goes to trial in open court after a hearing he did not attend
Judge Lela Kalichenko sent the former prime minister’s case to a hearing on the merits on Monday after the defence asked for its termination and the prosecution objected. The charge is a bribe of 1.5 million lari taken as part of a group, with 750,000 lari said to have passed through his former defence minister’s hands.
Kyrgyzstan takes the TurkPA chair from Kazakhstan with a mallet and a list of priorities
Aibek Dadebai, chairman of Kazakhstan’s Kurultai, handed the symbolic mallet of the Parliamentary Assembly of Turkic States to Jogorku Kenesh speaker Marlen Mamataliev in Bishkek on Tuesday. The assembly’s 15th plenary session runs there on 19 and 20 October with the speakers of Azerbaijan and Turkey in the hall.
Kazakhstan’s marketed gas fell to 0.5 billion cubic metres in September, a low since 2011
The national statistics bureau’s September figure is 4.3 times below August and 3.3 times below September 2025, by DATA HUB’s reading as inbusiness carried it. West Kazakhstan, home of Karachaganak, produced 370 million cubic metres while the field was under its planned repair.
Li Qiang signs five documents with Dushanbe on the eve of the SCO prime ministers’ council
China’s premier met Rahmon on Monday after talks with Rasulzoda the day before, and the two governments signed a development agreement and four memoranda. The Shanghai Cooperation Organisation’s heads of government meet in Dushanbe on Tuesday, with Mishustin already in the city.
Azeri Light falls to $116.26 on Report’s Saturday print after $119.04 on Friday
Report’s Saturday print put Azeri Light at $116.26 a barrel, down $2.78 or 2.33% on Friday’s print of $119.04, which was itself $5.10 or 4.11% below Thursday’s $124.14. No Monday print had appeared on the agency’s energy page by 11:24 Baku time.
Kazakhstan’s official rate falls to 452.12 tenge for Saturday and holds through Monday
The National Bank set the official rate at 452.12 tenge to the dollar for Saturday 17 October, 2.02 below Friday’s 454.14, and the same figure stands for Sunday and Monday in the bank’s daily series. The euro went to 508.95 and the yuan to 67.62, with the rouble unchanged at 5.41.
The second China-Mongolia railway has its last beam in place and a 30 million tonne design
The last of 760 prefabricated T-beams was set on Friday 16 October on the Gantsmod-Gashuunsukhait railway, the second cross-border rail link between China and Mongolia after the Erenhot-Zamiin-Uud line of 1956, Xinhua reported from Ulaanbaatar the same day. The 9.91 km route, 6.08 km of it a cross-border bridge, has been under construction since May 2025 and is designed for 30 million tonnes of cargo a year.
Mirziyoyev puts a second nuclear plant on the agenda, with investor talks the next day
Uzbekistan is preparing a second nuclear power plant and talks with investors on it were set for the following day, Shavkat Mirziyoyev told an open dialogue with fuel and energy investors on Friday 16 October, in the account a presidential administration official posted on Telegram and Spot relayed at 16:19 Tashkent time.
Ashgabat’s oil and gas week opens on Wednesday with 1,700 delegates and TAPI on the agenda
The 31st Oil and Gas of Turkmenistan conference and exhibition, OGT 2026, runs in Ashgabat from 21 to 23 October with more than 1,700 registered delegates from 75 countries representing 450 companies, the state portal reported on Saturday 17 October. The Galkynysh field, the gas-transport network, the TAPI pipeline, Caspian cooperation and gas processing head the programme as the portal lists it.