• 3 minutes e-car sales collapse
  • 7 minutes Energy Armageddon
  • 11 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours America Is Exceptional in Its Political Divide
  • 1 day Cummins showcases 15L fuel-agnostic engine platform; hydrogen, diesel, biogas 16 March 2023
  • 8 days Gazprom and Rosneft super result
  • 2 days *****5 STARS - "The Markets are Rigged" by The Corbett Report
Standard Chartered: Oil Prices Likely To Head Higher

Standard Chartered: Oil Prices Likely To Head Higher

Commodity experts at Standard Chartered…

Central Asian Regional Water Tensions to Increase

UNDP senior economist Ben Slay has reported in his blog that the water-challenged Central Asian region faces drought conditions this summer, raising tensions among Kyrgyzstan, Kazakhstan, Tajikistan, Turkmenistan and Uzbekistan, all of whom depend on unimpeded access to water for both hydroelectric generation of power and agriculture.

Azerbaijan's Trend news agency reported that Slay wrote, "The latest data from CAWATER (Central Asian water website portal) show that, as of May 2011, water volumes at Uzbekistan’s Charvak and Tyuyamuyn reservoirs, but also at Tajikistan’s Kayrakkum dam were well below seasonal volume."

The UNDP noted that the drought could affect cotton fields in Uzbekistan’s Khorezm and Karakalpakstan regions, as well as cotton crops further downstream in Turkmenistan’s northern Dashoguz province, which borders western Uzbekistan. Further concerning the UNDP, the drought could unleash further inflationary forces on the region’s food crops, especially as food price inflation in Tajikistan and Kyrgyzstan, two Central Asia’s poorest states is now above 20 percent, even though they are the region’s richest countries in terms of upstream water resources, and a scarcity of water for agricultural irrigation caused by drought conditions could cause food prices to soar in the their western downstream neighbor states of Uzbekistan, Kazakhstan and Turkmenistan.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News