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sentation in the US: chief of mission: Ambassador Murad Bairamovich ORAZOV chancery: 2207 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 588-1500 FAX: [1] (202) 588-0697 Diplomatic representation from the US: chief of mission: Ambassador (vacant); Charge d'Affaires Jennifer L. BRUSH embassy: No. 9 1984 Street (formerly Pushkin Street), Ashgabat, Turkmenistan 774000 mailing address: 7070 Ashgabat Place, Washington, DC 20521-7070 telephone: [9] (9312) 35-00-45 FAX: [9] (9312) 39-26-14 Flag description: green field with a vertical red stripe near the hoist side, containing five tribal guls (designs used in producing carpets) stacked above two crossed olive branches similar to the olive branches on the UN flag; a white crescent moon representing Islam with five white stars representing the regions or velayats of Turkmenistan appear in the upper corner of the field just to the fly side of the red stripe Economy Turkmenistan Economy - overview: Turkmenistan is a largely desert country with intensive agriculture in irrigated oases and large gas and oil resources. One-half of its irrigated land is planted in cotton; formerly it was the world's tenth-largest producer. Poor harvests in recent years have led to an almost 50% decline in cotton exports. With an authoritarian ex-Communist regime in power and a tribally based social structure, Turkmenistan has taken a cautious approach to economic reform, hoping to use gas and cotton sales to sustain its inefficient economy. Privatization goals remain limited. In 1998-2005, Turkmenistan suffered from the continued lack of adequate export routes for natural gas and from obligations on extensive short-term external debt. At the same time, however, total exports rose by an average of 15% per year in 2003-06, largely because of higher international oil and gas prices. In 2006, Ashgabat raised its natural gas export prices to its main customer, Russia, from $66 per thousand cubic meters (tcm) to $100 per tcm. Overall prospects in the near future are discouraging because of widespread internal poverty, a poor educational system, government misuse of oil and gas revenues, and Ashgabat's unwillingness to adopt market-oriented reforms. Turkmenistan's economic statistics are state secrets, and GDP and other figures are subject to wide margins of error. In particular, the rate of
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