AGL 37.50 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 222.89 Increased By ▲ 0.46 (0.21%)
BOP 10.82 Decreased By ▼ -0.14 (-1.28%)
CNERGY 7.56 Decreased By ▼ -0.10 (-1.31%)
DCL 9.42 Decreased By ▼ -0.21 (-2.18%)
DFML 40.96 Decreased By ▼ -0.74 (-1.77%)
DGKC 106.76 Decreased By ▼ -3.99 (-3.6%)
FCCL 37.07 Decreased By ▼ -0.99 (-2.6%)
FFL 19.24 Increased By ▲ 0.95 (5.19%)
HASCOL 13.18 Decreased By ▼ -0.19 (-1.42%)
HUBC 132.64 Decreased By ▼ -2.32 (-1.72%)
HUMNL 14.73 Decreased By ▼ -0.86 (-5.52%)
KEL 5.40 Decreased By ▼ -0.16 (-2.88%)
KOSM 7.48 Increased By ▲ 0.07 (0.94%)
MLCF 48.18 Decreased By ▼ -2.15 (-4.27%)
NBP 66.29 Decreased By ▼ -0.18 (-0.27%)
OGDC 223.26 Decreased By ▼ -5.35 (-2.34%)
PAEL 43.50 Increased By ▲ 0.13 (0.3%)
PIBTL 9.07 Decreased By ▼ -0.23 (-2.47%)
PPL 198.24 Decreased By ▼ -4.89 (-2.41%)
PRL 42.24 Decreased By ▼ -0.62 (-1.45%)
PTC 27.39 Increased By ▲ 0.06 (0.22%)
SEARL 110.08 Increased By ▲ 3.06 (2.86%)
TELE 10.52 Increased By ▲ 0.74 (7.57%)
TOMCL 36.62 Decreased By ▼ -0.01 (-0.03%)
TPLP 14.95 Decreased By ▼ -0.28 (-1.84%)
TREET 26.53 Decreased By ▼ -0.26 (-0.97%)
TRG 68.85 Decreased By ▼ -1.30 (-1.85%)
UNITY 34.19 No Change ▼ 0.00 (0%)
WTL 1.79 Increased By ▲ 0.03 (1.7%)
BR100 12,363 Decreased By -32.9 (-0.27%)
BR30 38,218 Decreased By -629.2 (-1.62%)
KSE100 117,120 Increased By 111.6 (0.1%)
KSE30 36,937 Increased By 72.2 (0.2%)

ASHGABAT: Turkmenistan President Gurbanguly Berdymukhamedov has sacked his oil and gas minister for incompetence, the fifth time in five years that he has dismissed the number one energy official, state media said Saturday.

Oil and Gas Minister Bayramgeldi Nedirov was fired "for serious shortcomings in his work", according to a decree published in government newspaper Neutral Turkmenistan.

Berdymukhamedov has sacked five oil and gas ministers, all of them for incompetence, since becoming president following the death of his eccentric predecessor Saparmurat Niyazov in late 2006.

There is no explanation as to why the incumbent minister has been fired so frequently, at a time when China and the West are both courting Turkmenistan over its immense gas reserves and it is starting to work with foreign firms.

Its gas reserves, according to British auditors Gaffney, Cline and Associates, are the second largest in the world.

The new oil and gas minister is to be Kakageldy Abdyllayev, until now the deputy head of state gas company Turkmengas.

In what appeared to be a wide-ranging shake-up of the energy leadership, Berdymukhamedov also appointed Yagshigeldi Kakayev deputy prime minister with special responsibility for work in the energy sector with foreign firms.

Background information on the motivations for such changes rarely seeps out of Turkmenistan, which even after cautious reforms by Berdymukhamedov remains along with North Korea one of the world's most secretive states.

Copyright AFP (Agence France-Presse), 2012

Comments

Comments are closed.