Introduction   The tragedy of the commons dates all the back to Aristotle.  It is the story of humans depleting and destroying the free gifts of the world.  There have been many incidences of other commons being destroyed like, the Black Sea,

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Abstract With the dissolution of the Soviet Union, the Caspian Sea and its natural resources became a source of contention for Russia, Iran, Azerbaijan, Kazakhstan, and Turkmenistan. The underlying issue is paradoxical in light of its misleading simplicity – is the

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The export of Russian black caviar has tripled in the first eleven months of last year compared with the same period of 2014, the Russian Ministry of Agriculture reported on Friday. Read more about 50 tons of black caviar, and exported 4.71

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TEHRAN, Jan. 11 (MNA) – An energy analyst has said Iran can establish an energy trade zone in the Caspian Sea region to export electricity to its neighbors instead of natural gas. Mahmoud Khaghani, a member of

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By Huseyn Hasanov – Trend: A report on the construction pace of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was delivered at a meeting of the Turkmen Cabinet of Ministers, the Turkmen government said Feb. 27. It is reported that the work is carried

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Turkmenistan, an energy-rich Central Asian nation with abundant oil and gas reserves, intends to realize its plans on developing huge hydrocarbon resources in its own sector of the Caspian Sea. Turkmenistan’s state concern Turkmenoil will deal with implementing the development of

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By Rufiz Hafizoglu – Trend: The UK fully supports the implementation of the Southern Gas Corridor (SGC) project, the country’s ambassador to Turkey Richard Moore said, Turkish TGRT TV channel reported March 1. The diplomat noted that the SGC project will ensure

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By Seba Aghayeva – Trend: The implementation of the Southern Gas Corridor (SGC) project, envisaging Azerbaijani gas supply to Europe, is vital for EU’s energy strategy, said Federica Mogherini, the EU’s high representative for foreign affairs and security policy. The SGC ensures

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By Azad Hasanli - Trend: The implementation of the Trans-Anatolian Natural Gas Pipeline (TANAP) project gave considerable impetus to the implementation of other energy projects, Turkish Minister of Energy and Natural Resources Berat Albayrak said. He made the remarks during the second

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Sari, Feb 26, IRNA- Director of Caspian Sea Shipping said that 24 cargo ships were organized to carry export products to Russia and Commonwealth of Independent States (CIS). Ali Mohammadi said on Friday that the capacity of these container

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Russian crude and condensate output edged lower in February from a record the previous month amid talks with Saudi Arabia and other exporters about a production freeze. Oil production fell 0.2 percent to 10.885 million barrels a day from January, according to

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Russian plans to build new gas pipelines to Europe are politically motivated with little economic logic, a senior U.S. official said. President Vladimir Putin has proposed new links to Europe via the Baltic and Black Sea that would bypass an existing transit corridor

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Trend: Azerbaijan intends to keep the oil production in 2016 at the 2015 level, head of the State Oil Company of Azerbaijan (SOCAR), Rovnag Abdullayev said in an interview with ANS TV channel. He noted that the projects for increasing the production

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Elena Kosolapova – Trend: The Southern Gas Corridor project, which envisages transportation of the Azerbaijani gas to Europe, has enjoyed strong political support from the EU as it is seen as allowing for diversification of supplies and routes, as it would

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Huseyn Hasanov – Trend: Turkmenistan’s Ahal province has started to receive natural gas transported via the recently commissioned East-West gas pipeline, said a message from Turkmenistan’s Oil and Gas Ministry. The pipeline’s length is 733 kilometers, while its capacity is 30 billion

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Trend: Kyiv and Tehran are discussing the possibility of supplying oil from Iran through Ukraine, as well as oil refining at Ukrainian enterprises, RIA Novosti quoted Ukraine’s deputy Prime Minister Gennadiy Zubko as saying March 7. “We are interested in diversification of

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/By Azernews/ By Aynur Karimova Azerbaijan and Iran, both nations enjoying huge natural gas reserves in the world, have a potential to become key suppliers of gas to the European market, Omid Shokri Kalehsar believes. The energy

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Russia's plans to introduce a new amphibious assault ship into its Caspian Flotilla has raised questions among just which of its neighbors' shores Russia envisages assaulting.  The new ship will join the Caspian Flotilla next year, according to a report by

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Diplomatic attention has intensified on the project of the Trans-Caspian Gas Pipeline (TCGP) while both obstacles to and incentives for its realization increase. Turkmenistan's commitment to the project may be inferred from the finally completed construction of its East-West Pipeline

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By Aynur Karimova Turkmenistan, which ranks sixth for its natural gas reserves of 265 trillion cubic feet, has started supplying gas to its Ahal province via the recently commissioned East-West gas pipeline. Turkmen Oil and Gas and Natural

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By Maksim Tsurkov – Trend: Azerbaijan’s gas reserves are quite enough to fill Southern Gas Corridor (SGC), Natiq Aliyev, Azerbaijani energy minister, said in an interview with Natural Gas Europe. He said that the project is designed to export Shah Deniz gas

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By Aynur Karimova Azerbaijan and Qatar, the two energy-rich countries located in the South Caucasus and the Middle East regions, respectively, have expressed intention to further develop both political and economic relations. President Ilham Aliyev believes that the two countries should raise

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The FINANCIAL -- According to the analysis of the geography of export supplies of Ukrainian groats held by APK-Inform analysts, Ukraine actively supplies the reporting commodities to countries of the Caspian-Black Sea region, in particular, Georgia, Azerbaijan and Kazakhstan.

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By Elchin Mehdiyev, Maksim Tsurkov - Trend: The Southern Gas Corridor project will become a new energy source for Europe, Azerbaijan’s Energy Minister Natig Aliyev said March 11. He made the remarks during the discussion ‘The future of energy, the future of

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By Huseyn Valiyev – Trend: Azerbaijan and Turkmenistan consider opening a new route on the Caspian Sea, said Javid Gurbanov, head of Azerbaijan Railways CJSC. He made remarks at an international scientific conference titled "The role of Turkmenistan and Azerbaijan on the

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By Maksim Tsurkov - Trend: The revenues of Shah Deniz -2 and Southern Gas Corridor projects will exceed the expenditures by 2028-2030, Azerbaijan’s Energy Minister Natig Aliyev said in an interview with Natural Gas Europe. Azerbaijan eyes Shah Deniz, TANAP and TAP

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By Elchin Mehdiyev - Trend: Azerbaijan makes significant contribution to ensuring the world’s energy security, Turkey’s former foreign minister Hikmet Cetin told reporters in Baku, March 10. He noted that the energy security is a very important issue. “The Middle East and South

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On February 23, Azerbaijani President Ilham Aliyev visited Tehran, where he met with his Iranian counterpart, Hassan Rouhani. Notably, the two presidents signed 11 memoranda of understanding (MoU) across several areas of cooperation, including energy, the economy and transport (IRNA,

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Kazakhstan is embarking on some of the most ambitious reforms in its independent history as President Nursultan Nazarbayev moves to implement his election campaign platform of five institutional reforms. President Nazarbayev announced in his inaugural speech last May that a “Plan

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Read the rest of this TXF article here: http://www.txfnews.com/News/Article/5472/KazMunaiGas-crashes-prepayment-party-to-improve-debt-profile. For more high quality trade, export & agency, and commodity finance journalism and events, visit www.txfnews.com Kazakhstan’s state-owned KazMunaiGas (KMG), an umbrella company of several subsidiaries, is closing a $3

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Russian natural gas giant Gazprom connected the Pisarevka-Anapa gas pipeline, which lies on Russian soil and was constructed as part of the abandoned South Stream Project, to the existing Blue Stream pipeline to increase exports to Turkey. Russian news agency Sputnik

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By Aygun Badalova, Elena Kosolapova - Trend: The Southern Gas Corridor, which proposes gas supplies from the Caspian region to Europe, is an essential project and must be supported, the British Transatlantic and Caucasus Studies Institute director Ziba Norman told Trend. “The

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by Farid Rauf oglu Shafiyev The Caspian Sea is the largest closed water body in the world and is surrounded by five states--Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan. It has an area of 440,000 square kilometers with an ultra-depth of 1,025

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By Aygun Badalova - Trend: The meeting between OPEC and non-OPEC countries, which was initially scheduled for March 20 in Russia, will unlikely take place. Reuters, referring to OPEC sources reported that the meeting on a plan to freeze output levels

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TransCaspian 2016, the 15th Anniversary International Transport, Transit and Logistics Exhibition, will take place from 11 - 13 May at Baku Expo Centre. This year, the exhibition is marking its 15th anniversary. Over the years, the exhibition has established itself as

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By Khalid Kazimov – Trend: Iran and Russia are capable of swapping oil and gas, says Iranian Oil Minister Bijan Namdar Zanganeh. At a meeting with Russian Energy Minister Alexander Novak in Tehran, Zanganeh said that expansion of cooperation with Russia is

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By Khalid Kazimov – Trend: Iran plans to increase its exports volume to Russia by $ 1.5 billion in the new Iranian fiscal year (starting March 21), Asadollah Asgaroladi, a member of the Iran-Russia Joint Chamber of Commerce said. Iran currently exports

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By Huseyn Hasanov– Trend: With commissioning alkylation units and isomerization at Turkmenbashi Complex of Oil Refineries (TCOR), it will be possible to produce additional 480,000 tons of high-octane gasoline (А-92, А-95 and А-98) per year, said the message from Turkmenistan’s Oil

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By Aynur Karimova Amid the global economic crisis, sharp drop in crude prices, political chaos and bloodshed in the Middle East, as well as increased threat of terrorism, cooperation between Azerbaijan and Turkey gains much more importance. From this angle, Azerbaijani President

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The Beginner's Guide to Caviar How to serve, pair, and savor the finest sturgeon roe. There's no quicker way to announce that a meal special. More than lobster or champagne (or even a giant bucket of fried chicken), a dollop of

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Road and Traffic 2016, the 6th Caspian International Road Infrastructure and Public Transport Exhibition, will be held at Baku Expo Center on May 11-13. Road&Traffic is the region’s leading trade event bringing together professionals in road and tunnel planning and construction,

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By Aynur Karimova The Turkmen Ministry of Oil and Gas and Natural Resources has revealed the Turkmenbashi Complex of Oil Refineries' liquefied gas production plans for 2016. The ministry reported on March 18 that the complex will produce 340,000 tons of LPG

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By Anakhanum Khidayatova – Trend: Increase of export duty on oil from Russia is a forced measure explained by prolonged sanctions of the West against the Russian Federation, a consultant for the Expert Council of the Union of Russian Oil and

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The fiscal and foreign policy, economic policy and reforms ensure the sustainability of Azerbaijan’s economy, the country’s Finance Minister Samir Sharifov said March 19. He made the remarks during the presentation of bonds of the Southern Gas Corridor

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In a week that saw Russia pulling some of its armed forces out of Syria and signs of increasing cooperation between Russia and the US in the region, it is important to examine Russian interest in energy, and particularly gas,

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By Prof. Dr. Rovshan Ibrahimov* Dr. Vassilios Sitaras recently published a policy brief for CCEE titled “Transporting Gas Across the Caspian: A New Option”, proposing an alternative method for delivering natural gas from Turkmenistan across the Caspian Sea to Azerbaijan and

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By Huseyn Hasanov – Trend: During the meeting with Saudi Arabia’s Minister of Commerce and Industry Tawfiq bin Fawzan Al Rabiah, Turkmenistan’s President Gurbanguly Berdimuhamedov proposed to thoroughly study the possibilities of implementing joint energy projects, said the message

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Iran and France's Total have signed a non-disclosure agreement (NDA) on giant South Azadegan oil field, Iran's Oil Minister Bijan Namdar Zanganeh told Mehr News Agency. According to the signed agreement, Total is allowed to study the giant oil field to

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By Emil Ilgar – Trend: Iran is in talks to purchase the shares of an oil refinery or build a new refinery in Spain, Abbas Kazemi, the managing director of National Iranian Oil Refining and Distribution Company (NIORDC) told Shana. He didn't

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Iran exported 14mn barrels of oil to Europe since mid-Jan. Iran says it has exported 14 million barrels of oil to Europe ever since the sanctions against the country were lifted in mid-January. Iran’s Oil Ministry has announced in

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Iran invited to Doha oil freeze talks Qatar’s media said on Wednesday that the country has invited Iran to join talks over implementing a proposed oil production freeze to help stabilize prices. Qatar’s Ministry of Energy and Industry has

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Iran announces major jump in oil exports Iran says its oil exports have already reached around 2.2 million barrels per day (bpd) in what could highlight a major progress in the country’s post-sanctions oil industry performance. Iran’s First Vice

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P&I provides larger liability support for Iran oil imports As Iran is moving ahead with a promised rise in its oil exports, indications are appearing that the international businesses are trying to ease the flow of the Iranian oil

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Nowadays, a variety of means are being used in order to implement and extend the “controlled chaos” in the national economies and societies in the geopolitical struggle. The actor, who is using the tool, is maintaining the “controlled chaos” within

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While Georgia has been caught up recently in a major pipeline competition, with Russia, Azerbaijan and Iran all making a play for the action in this small, strategically located energy-transit hub, some men in the central Georgian village of Ruisi

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By Emil Ilgar – Trend: Iran-Pakistan gas pipeline project, is not dead and negotiations over realization of the project continue, the Managing Director of National Iranian Gas Company Hamid Reza Iraqi told Fars News Agency. "Pakistan has agreed to build a 100km-pipeline

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By Maksim Tsurkov - Trend: Azerbaijani gas price for European countries will be set on the Turkish border, Milliyet newspaper reported citing Gurkan Kumbaroglu, president of the International Association for Energy Economics (IAEE). He said Turkey can play a key role in

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Trend: Azerbaijan supplied 594.46 million cubic meters of gas to Turkey in January of 2016, compared to 577.36 million cubic meters in January of 2015, said the report from Turkey’s Energy Market Regulatory Authority (EMRA). This is while the country delivered 6.17

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Trend: Turkmenistan and Russia have discussed the prospects for intensifying the interregional cooperation in various spheres, said the message from Russian Chamber of Commerce and Industry. The sides focused on the spheres of mechanical engineering, energy, chemical, oil and gas industry, agriculture,

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Kazakhstan is a top-10 country in many things. Being the world’s ninth biggest country it is the largest economy in Central Asia and second largest among former Soviet Republics. Kazakhstan’s land holds the entire periodic table of elements with active

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The Caspian Sea is an important, if often overlooked, region in regard to many of the challenges the U.S. faces around the world, such as a resurgent Russia, an emboldened Iran, wavering allies, growing China, and the rise of Islamic

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President Hassan Rouhani said Iran has laid the pipeline up to the border to export gas to neighboring Pakistan encouraging the government in Islamabad to speed up measures to complete its share on its soil, Shana reported. Speaking at a press

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Trend: A 146-kilometer Yoloten-Tahtabazar power transmission line has been constructed in Turkmenistan towards Afghanistan, the Turkmen government said March 26. A scheme of the route of the new transmission line was delivered to Turkmen President Gurbanguly Berdimuhamedov during a meeting of the

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Trend: Political support for third countries often becomes unaffordable for regional powers during economic difficulties. Perhaps, in “peacetime” Iran and Russia considered the idea to include Armenia at least in some regional infrastructure projects, including transport, but today the main issue on

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Trend: During a meeting of the Turkmen cabinet of ministers, the country’s president, Gurbanguly Berdimuhamedov, gave a number of instructions on further implementing the adopted programs of development, modernization and diversification of the national fuel and energy industry. These steps are meant

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Energy-rich Turkmenistan will continue to realize programs and projects envisaging further development, modernization and diversification of the national fuel and energy complex. Such an instruction was given by President Gurbanguly Berdymukhamedov at the recent meeting of the Cabinet of Ministers, the

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Russian armament manufactures experienced a marketing bonanza in Vladimir Putin’s Syrian expedition. TASS, the Russian state news agency says negotiations are now going on with countries in Africa, Asia, the Middle East, and Latin America. The SU-34 bomber seems to

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WorldFood Azerbaijan 2016, one of the most important and significant events in the region’s food industry, will take place from May 19-21 at Baku Expo Center. Over the years, the exhibition has established itself as a leading event in

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The Caspian Sea region has become a central focal point for untapped oil and natural gas resources from the southern portion of the former Soviet Union. Beginning in May 2005, oil from the southern sections of the Caspian Sea began

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Trend: A unit for vacuum distillation of fuel oil has been introduced at the Turkmenbashi Complex of Oil Refineries (TCOR) built by the South Korean consortium of LG and Hyundai, the message of the Turkmen oil and gas ministry said March

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Trend: Iran’s oil products imports from Caspian littoral states decreased significantly in first quarter of 2016, the official statistics indicate. According to Iranian Ports and Maritime Organization, the unloading of oil products at Iran’s Caspian ports decreased significantly. Iran’s Neka, Anzali, Fereidoon Kenar

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Trend: Georgian President Giorgi Margvelashvili has met with President of the Rumsfeld Foundation and former US Secretary of Defense Donald Rumsfeld within the framework of the working visit to the US, the website Georgia Online reported. At the meeting, Margvelashvili said in

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By Elena Kosolapova - Trend: Despite the fact that the European Union is ready to resume talks with Russia over the South Stream gas pipeline, the project should fully comply with the rules of the Third Energy Package, independent European

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The upcoming Doha meeting on oil production will yield positive results on prices, yet it is far from an ideal move, said Mohammad Ali Khatibi, former Iranian representative in OPEC. The reason is that the meeting is going to focus on

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The Southern Gas Corridor project aimed at delivering Azerbaijan’s natural gas to Europe wouldn’t have advanced without strong US backing, according to Azeri President Ilham Aliyev. “We are very grateful to the government of United States for its

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Ever since relations between the United States and Iran grew strained after the Iranian revolution in 1979, as a nation, we have had limited access to the Caspian Sea, the sturgeon fish that reside there, and the roe contained in

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Summary China agreed to help Iran building a railway which will form part of China's High Speed Silk Road Railway. China has a winning SRR formula: dual-Usage bullet train technology and irresistible co-operation terms. When SRR completed, freight train from China can reach

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Fluctuating increases in Russia's oil output should not offset the Doha deal to freeze output at January levels throughout 2016 as long as average daily output remains below January levels, Russian Energy Minister Alexander Novak said on Saturday.

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The Iranian Offshore Oil Company (IOOC) signed 85 contracts in the past Iranian fiscal year (March 21, 2015 to March 19, 2016), according to the company’s Contracts Affairs CEO Salman Khosravi. He added the contracts included projects in operational, developmental, construction,

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Iran’s oil export has recently surpassed two million barrels per day, the country’s oil minister, Bijan Namdar Zanganeh said. “The country now is exporting over two million barrels of gas condensates and crude oil per day,” Zanganeh said, Mehr news agency

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Astara, April 3, IRNA- Head of Astra Customs General Administration announced that 373,000 tons of non-oil products worth $155m have been exported from the customs of this province during last Iranian year (ended on March 20, 2016). Mohammad Shahbazi told

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Astrakhan Shipbuilding Production Association delivers third tugboat of Project 35 Astrakhan based shipyard, the Astrakhan Shipbuilding Production Association (ASPO, part of United Shipbuilding Corporation) has delivered the third tugboat of Project 35, the Jupiter, says press center of Caspian

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Gilaks People The Gilani people or Gilaks  are an Iranian people native to the northern Iran province of Gilan. Gilaks, along with the closely related Mazandarani people, comprise part of the Caspian people, who inhabit the southern

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Lahijan Lahijan is a Caspian sea resort in and the capital of Lahijan County, Gilan Province, Iran. At the 2006 census, its population was 71,871, in 21,518 families. The resort Lahijan has both traditional and modern architecture. The

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Azersu OJSC, a company that provides potable water supply and sanitation services across Azerbaijan, signed a contracting agreement with South Korean company Hansol EME Co LTD on April 5 on installation of the waste-water treatment equipment in Pirshagi settlement of

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The resurgence of violence between Azerbaijan and Armenians poses little immediate risk to the key pipelines that link European markets to the Caspian Sea, according to analysts from London to Washington. In a region where risk is the norm, “these sorts

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Turkmenistan starts drilling another well at Galkynysh field Energy-rich Turkmenistan, which sits on huge natural gas reserves (265 trillion cubic feet of proven gas reserves, according to the Energy Information Administration, January 2015), continues large-scale works on the accelerated commercial development

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Russia styles itself lead mediator in Nagorno-Karabakh conflict Russian PM and foreign minister fly into region * Russia has special interest in peace deal: minister * Moscow and Washington competing for influence * Ceasefire broadly holds, despite violations

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Iran, Kazakhstan to tighten coop. on peace, stability in Central Asia Deputy FM Rahimpour said Mon. Iran and Kazakhstan are keen on expanding cooperation on peace and stability in Central Asia, as opposed to regional meddling by certain

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Iran, Kazakhstan ink power deal Iran and Kazakhstan have signed three powerhouse building contracts worth 600 million dollars. On the verge of Kazakh president’s visit to Tehran, the two countries sealed an agreement with Eurasia Invest Group

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Azerbaijan achieves milestones in energy policy in Q1 2016 The energy policy of Azerbaijan, which has turned into one of the main guarantors of Europe’s energy security, recorded important achievements and milestones of historical significance in the first quarter of 2016. Energy

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Krasnoye Sormovo shipyard will build two tankers of Project RST27 for CMS In early April 2016, Krasnoye Sormovo shipyard (Nizhny Novgorod, United Shipbuilding Corporation) and Caspian Marine Services Limited (CMS) signed contracts with the assistance of MNP Group for

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North-South Corridor from Russia to India to compete with Suez Canal   Following talks with the foreign ministers of Azerbaijan and Iran, Russian Foreign Minister Sergei Lavrov has revealed that Russia has agreed to begin substantive studies on the implementation of

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Turkmenistan Diversifies Its Gas Exports To Reduce Reliance On China In January 2016, the Russian media reported that Russia’s gas giant, Gazprom, had discontinued all purchases of natural gas from Turkmenistan and was not planning to resume imports

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SGC to save Turkey from gas dependence on Russia Trend: The Southern Gas Corridor (SGC) project will save Turkey from gas dependence on Russia, said Stephen Blank, senior fellow at the American Foreign Policy Council. He made the remarks addressing an event

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WorleyParsons ink five-year contract with BP Azerbaijan azernews WorleyParsons has been awarded a five-year contract for Engineering, Procurement and Construction Management (EPCm) services for BP-operated assets in Azerbaijan, Georgia and Turkey, Azertac state news agency reported. Under the agreement, WorleyParsons will provide

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Blurring the Lines of Kazakhstan-Russia Relations Forecast     Kazakhstan will try to increase its independence from Russia-led alliances.     To that end, Astana will make economic and military deals with other countries and build up its domestic military capacity.

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Globalink crosses the Caspian Kazakhstan headquartered Globalink Logistics Group has coordinated the delivery of out-of-gauge machinery and construction equipment from Yolotan, Turkmenistan to an oilfield site across the Caspian Sea at Atyrau. The Globalink teams in Kazakhstan and Turkmenistan prepared

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Russia: A Global Energy Powerhouse That’s Much More Than a Petro-State   Russia is not what you think. Most discussion about its energy influence has focused on oil and gas, particularly gas. Russia can be described, and is routinely described,

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In 25th anniversary of Independency, Turkmenistan focuses on giant TAPI energy project Celebrating its 25th independence anniversary, Turkmenistan - one of major energy exporting countries - is making efforts toward creating stable systems to carry energy to world markets. It

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Turkmenistan intensifies development of Caspian Sea shelf Trend: Turkmenistan can become a mighty industrial power and a major exporter of chemical products, the 'Neutral Turkmenistan' newspaper reported. The implementation of the project for constructing a gas chemical complex in Kiyanly village of

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ECO-Caspian energy transition through gas The oil price slide since mid-2014 has severely constrained economic growth and investment in the Economic Cooperation Organization (ECO) & Caspian region. Despite this, regional governments nevertheless expect an improved market climate &

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Right decision: Iran refuses to attend Doha summit Iran's Oil Minister Bijan Zanganeh made a right decision not participating in oil-producing & exporter countries which met in Qatar to outline how they are able to commit themselves to a possible

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Master of its domains Much is made about the importance of oil to the Russian economy, but Russia is a global energy powerhouse that’s much more than a petro-state By Scott L Montgomery Russia is not what you think. Most

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Turkmenistan keen to become major exporter of chemicals Turkmenistan can become a powerful industrial power and a major exporter of chemical products, the Neutral Turkmenistan newspaper reported. The construction of a gas chemical complex on the Caspian Sea shore, exactly in

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Situation in the exhibition industry of Azerbaijan will remain stable - Farid Mammadov, Director of Iteca Caspian   Situation in the exhibition industry of Azerbaijan will remain stable - Farid Mammadov, Director of Iteca Caspian   About the company: Iteca

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NATO-Russia: No "business as usual" DIPLOMACY NATO and Russia held "frank and serious" talks despite "profound disagreements" as their ambassadors met on Wednesday for the first time since 2014, alliance chief Jens Stoltenberg said. The two sides agreed to keep communicating

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Russian oil CEO: We won't do deals with OPEC MOSCOW (CNNMoney) —A top Russian oil executive may just have killed off any lingering talk of an agreement among producing countries to freeze output. The world's top exporters, including Russia,

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Lower oil prices lead to greater cooperation on energy   The G20 nations have enjoyed the benefits arising from oil price volatility, but it’s clear that international partnerships remain a vital aspect of every nation’s energy policy   The collapse of oil

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Larijani in Moscow urges expansion of trade ties with Asia Iran’s Parliament Speaker Ali Larijani who was in Moscow to attend a summit of Eurasian parliament members held talks with counterparts of other Asian countries on ways to

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UAE is home to the world's largest caviar factory A sprawling industrial estate in the capital of the United Arab Emirates is the unlikely location for a fish farm which is the world's largest caviar factory. Sturgeon, the fish that produces

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Baku Higher Oil School to organize int’l conference On 25-28 April, 2016, BHOS and UK-based Confidence Capital company with the support of SOCAR will jointly organize international practical conference on 'Caspian Basin and Central Asia: Trade, Logistics, Oil Processing and

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Turkmenistan to host int’l gas congress in May   The seventh International Gas Congress of Turkmenistan is planned to be held May 19-20, 2016 at 'Avaza' national tourist zone, the event organizer Turkmengaz state concern announced. The forum will bring together around

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Iran-Azerbaijan trade turnover up by 53% Trade turnover between Iran and Azerbaijan has increased by 53 percent in the first three months of the current year, said Iran's ICT Minister Mahmoud Vaezi speaking to reporters in Baku April 21. Vaezi, who

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Craze for LNG Pricing policy of only one man, John D. Rockefeller, led to a decrease in the cost of kerosene in the US oil products' market of the late 19th century from 26 cents to eight cents per gallon

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FSU crude exports hit record high Crude exports from former Soviet Union (FSU) countries rose by 1pc in March to a record high of 7mn b/d. Rising Russian crude exports outside the Transneft pipeline system helped offset a dip Azeri BTC

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First Islamic Organisation for Food Security Summit Depend on Iran railway corridor In many ways, the fight against global hunger has been one of the great successes of recent decades. According to the UN’s latest Food Insecurity report, the number

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Azerbaijan's nimble gas plans Azerbaijan, a key energy player in Eurasia, today is completely successful country both in terms of production and in terms of transportation of energy resources, and the country is committed to make great strides to boost

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Iran to Launch Shipping Line to South America Managing Director of Iran’s Shipping Lines Mohammad Saeedi said the country plans to launch a shipping line to South American countries, as sanctions against the shipping

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Iran ready to be bridge between South Africa,Europe Iran has expressed its readiness to be a bridge between South Africa and the countries in Central Asia, Caucasus and Russia, as well as Eastern Europe. President of the Islamic Republic Hassan Rouhani

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China, Japan, Russia to join Razavi Khorasan’s exports markets Head of Foreign Trade Office of Industry, Mine and Trade Organization of Razavi Khorasan province said China, Japan and Russia will be added to the markets of the province

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Caviar exports from Iran up 183% yr/yr Tehran- Iran’s exports of caviar rose to worth $1.7 million showing 183.3 percent increase in the past Iranian calendar year of 1394 (ended March 19, 2016), the ISNA news agency reported on

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Kazakhstan plans to enter top 10 oil exporters Kazakhstan plans to produce 77 million tons of oil in 2016, Deputy Director General of the Information Oil and Gas Center of Energy Ministry of Kazakhstan Askar Kenzhekhanov said. He made the remarks

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Russia Renewable Energy Report Other than large hydroelectric plants in Russia, all other forms of renewable energy accounts for less than 1% of power generation capacity. These metrics come from Russia Direct, which reports when it comes to wind, solar and

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Lukoil’s CEO Vagit Alekperov: OPEC has no Future In the aftermath of the Doha fiasco and rumors that another meeting could take place in May, one Russian executive could have effectively erased any last hope of oil exporters reaching

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Over $20m agricultural products exported from Astara   The Agricultural Jihad Director of Astara Iraj Shiarkar said that agricultural products worth $20,561,450 were exported abroad in the first month of current Iranian year. Shiarkar told IRNA on Tuesday that

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  Energy: what was once a largely single-resource/two-state controlled industry has given way to other resources of significance. In turn, this has also given rise to other states as major players in the arena. Given the increased need for energy among

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Energy-rich Kazakhstan, which enjoys 30 billion barrels of proved crude oil reserves (as of January 2014, according to the Oil & Gas Journal), expects to enter the top 10 oil exporters by 2020 through producing 130 million tons of oil

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  All oil terminals with a total capacity of more than 1.5 million cubic meters, Azerbaijan has at disposal both in the Caspian Sea and the Black Sea, are in demand for transshipment of crude oil and petroleum products. Kamran Mammadzadeh, deputy

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Kazakhstan Looks to Break into List of Top-10 Global Oil Exporters Ascar Kenzhekhanov, Deputy Director of the Oil and Gas Information Centre of Kazakhstan’s Energy Ministry, reported that Kazakhstan plans to produce 77 million tons (564.4 million barrels) of

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Top German MEP joins foes of controversial Nord Stream 2 pipeline The head of the largest party in the European Parliament has launched a scathing attack on the $11bn Nord Stream 2 project to pipe more Russian gas into Germany. Manfred Weber,

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Central Asia reviving old cooperation schemes with Iran LONDON (TCA) — With the recent removal of the sanctions on Iran, Europe and the former Soviet republics have jumped on the platform to announce “breakthrough” deals on the occasion. Today

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110 foreign companies to participate in Iran rail transportation expo   Head of Iranian Rail Industry Association Mohammad Hossein Qanbari announced that 110 foreign companies will attend the upcoming International Exhibition on Rail Transportation to be held in mid-May.  

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EPP concerned about EU Commission’s role in Southern Gas Corridor project The president of the centre-right European Peoples' Party (EPP), the largest group in the European Parliament, Manfred Weber has sent a letter to Energy Commissioner Miguel Arias Cañete and

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US, EU support Southern Gas Corridor   US-EU Energy Council reiterated its strong support for the opening of the Southern Gas Corridor, including the construction of the Trans-Adriatic Pipeline (TAP), said in a statement of the US-EU Energy Council. Council underscored the

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NDFI, KEXIM ink MoU National Development Fund of Iran (NDFI) and the Export–Import Bank of Korea, also commonly known as the Korea Eximbank (KEXIM) have signed a memorandum of cooperation. During the visit of South Korean president

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Russia boosts oil exports on higher crude prices Russian crude exports jumped nine percent in April to their highest level in sixteen months. Analysts contribute this to strengthening oil prices which have recovered to

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Southern Gas Corridor top priority for US national security The US sees the Southern Gas Corridor as a top priority for the US national security over the last several years, despite the fact that there has been no US cooperative

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How to Judge the New Generation of Caviar Have a hankering for caviar? A decade ago, buying the black pearls was straightforward. Whether Russian or Iranian, almost all sturgeon eggs came from the Caspian Sea, and even novices knew that beluga

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By Elena Kosolapova - Trend: The US sees the Southern Gas Corridor as a top priority for the US national security over the last several years, despite the fact that there has been no US cooperative involvement or financial involvement in

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Renewable Energy Report For Russia Other than large hydroelectric plants in Russia, all other forms of renewable energy account for less than 1% of power generation capacity. Moscow-shutterstock_400971697-1-600x381These metrics come from Russia Direct, which reports when it comes to wind, solar

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Iran launches talks with 4 states over oil swap Deputy oil minister has reported on negotiations with Turkmenistan, Azerbaijan, Kazakhstan and Russia on oil swap resumption. Speaking at the conference on development of Iran-China economic trade cooperation

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Gazprom executives to visit Tehran A 30-strong delegation of Russia’s Gazprom Company, the world’s largest gas exporter, will soon travel to Tehran to launch fresh round of talks with Iran. Headed by Deputy Chairman of Gazprom's Board

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Moscow to host Confab on Iran-Russia Economic Opportunities Conference on Iran-Russia Economic Opportunities will be held in Moscow as part of programs to promote cooperation between the two countries' private sectors and raise economic exchanges from the current

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EU eyes Turkmenistan as potential gas supplier European countries view hydrocarbon-rich Turkmenistan as one of the main suppliers of natural gas. The remark was made by Head of the OSCE Center in Ashgabat Ivo Petrov during the meeting with Turkmen President

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Kiev, Ankara discussed possibility of Ukraine joining the Southern Gas Corridor project   Kiev and Ankara discussed the possibility of Ukraine joining the Southern Gas Corridor project, project, aimed to bring gas from the Caspian Sea to Europe, Ukrainian Vice Prime

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Exports to Russia rapidly increasing: Official Governor General of Gilan province Mohammad Ali Najafi said exports to Russia is rapidly increasing. He made the remarks while talking to reporters in this northern province on Saturday. He said thanks

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Iran to build 50MW wind farm in Kazakhstan Iran has signed an agreement with Kazakhstan towards building a 50-megawatt wind power plant in the west of Kazakhstan on the Caspian Sea coast within 18 months, a report said. The agreement with

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Iran to up internet speed to 20Mbps for each user Deputy ICT minister said the ministry is currently working on a broadband development plan to increase the average internet speed for each user up to 20Mbps in a

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Iran to export agricultural products to Russia Deputy agriculture minister said Iran’s agricultural and fishery products will be deployed to Russia via Tehran-Astrakhan direct flights. Iranian Deputy Minister of Agriculture Hassan Salehi announced the launch of direct

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Kazakhstan, Azerbaijan and Georgia agreed to increase cargo transportation via Caspian Sea and ready to draw Russia Baku hosted a trilateral meeting of the heads of JSC NC Kazakhstan Temir Zholy (Askar Mamin), CJSC Azerbaijani Railways (ADY) (Javid Gurbanov), JSC

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Total Seeks Help with Absheron Sales: Ministry Source French major Total wants the Azerbaijani government to help it with the sale of gas from its giant Absheron field in the Caspian Sea, according to a source at the Azerbaijani energy

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20th anniversary of East-West energy corridor marked in Tbilisi   Georgia is celebrating the 20th anniversary of the Baku-Supsa project with Azerbaijan – the "project of the century” that transfers oil from Azerbaijan through Georgia to Turkey and on to

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Turkmenistan presents huge sea projects at IMO meeting Turkmenistan publicized its plans on creating international transit transport corridors within the framework of the 96th meeting of the International Maritime Organization’s (IMO) Maritime Safety Committee,

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Iran to export 90k tons fisheries An official at Iran Fisheries Organization has estimated that export volume of fishery products will reach 90 thousand tons in the current Iranian year (began March 20). Isa Golshahi, Iran Fisheries

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Int’l gas congress opens in Turkmenistan   Opening of the 7th international Turkmenistan Gas Congress 2016 (TGC 2016) has been held at the congress center of Turkmenistan's Avaza. The organizers of the event are Turkmengaz state concern and the British Summit Trade

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Zero tariff for 8 Iranian export products   Based on an agreement between Tehran and Eurasian Economic Union, the exports tariff for Iran to export eight products to EEU members was eliminated. EEU includes Russia, Belarus, Kazakhstan, Kyrgyzstan and

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Azerbaijan and China: Greater integration Rapidly expanding trade and nascent investment promise stronger links between China, the world’s second largest economy, and Azerbaijan, an energy rich country on the Caspian basin. Economic ties between Azerbaijan and China play a large role

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Russian oil exports to China hit record high in April   Beijing has ramped up imports of Russian oil by 52.4 percent last month compared to a year earlier. China's General Administration of Customs calculated a record 4.81

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Ashgabat believes Turkmen gas supplies will reach Europe Turkmenistan has great potential for the partnership with the European Union regarding its gas supplies to Europe, said Myratgeldi Meredov, Turkmen Minister of Oil and Gas during the International Gas Congress held

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EBRD Mulls SGC Loan EBRD Mulls SGC Loan The European Bank for Reconstruction and Development (EBRD) is ready to support the southern gas corridor (SGC) project, its president Suma Chakrabarti told reporters in Baku May 25. Chakrabarti said the EBRD has firmly committed

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BP and its partners lower a little Azeri oil daily production against last year   The Azerbaijan International Operating Company (AIOC), which develops oilfield block Azeri-Chirag-Gunashli in the Azerbaijan sector of the Caspian Sea, decreased

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Emirates Aquatech eyes caviar exports to EU   Abu Dhabi-based Emirates Aquatech is targeting caviar production of 35 tonnes per year as it awaits clearance from the European Union to export the prized product to Europe and increase its market share. “The

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Iran, Eurasia Economic Union hold first meeting on free trade At the first round of negotiation between Trade Promotion Organization of Iran led by Ziaei Bigdeli and officials of Eurasian Economic Union in Moscow, the two parties reviewed feasibility studies

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Official says easy, inexpensive tranportation allure of trade with Russia A Tehran province trade official referred to easy and inexpensive transit routes as the allure of Russian markets for the Iranian businessmen. Talking to IRNA on

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Agricultural products of Iran's Alborz to be exported to Russia Head of Chamber of Commerce of Alborz said this northen Iranian province will export foodstuff and agricultural products to Russia. Rahim Bana Molaei said the products

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Rouhani: Post-JCPOA era unique opportunity for foreign investment President Hassan Rouhani on Monday hailed the post-JCPOA era as opening up unique opportunity for Iran to attract foreign investment. Speaking in a meeting with the businessmen and investors in

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Iran exports 10b kWh power to regional countries Deputy energy minister announced that Iran has exported ten billion kWh of electricity to regional countries during the past Iranian calendar year that ended on March 19. Houshang Falahatian made

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Chatter Surrounds Turkmenistan’s Gas Export Plans Earlier this week, Crossroads Asia took a look at the current, and declining, state of affairs within the China-Central Asia gas pipeline network. As the recent news out of Kyrgyz media indicated, the

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President Ilham Aliyev attended the opening of Caspian Oil & Gas Exhibition 2016 President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of the 23rd International Caspian Oil & Gas Exhibition and Conference and the 6th

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Kazakhstan’s Kuryk will be similar to Baku port   Kazakhstan is currently engaged in the construction of a new Kuryk port on the Caspian shore, which will be similar to Azerbaijan's Baku International Sea Trade Port. Gosman Amrin, deputy chairman of the

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Iran ready to join European power grid   Iran’s Energy Minister Hamid Chitchian has announced the country’s readiness to join the electricity grid of Europe. Speaking at a meeting with Energy Charter Secretary General Urban Rusnák in Tehran,

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Iran resumes crude oil swap Head of North Oil Terminal Hamid Reza Shahdoust said on Wednesday that National Iranian Oil Company has obliged Nikoo Company to fulfill preparatory works for resuming crude oil swap in shortest possible time.

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Russian hopes for Iran trade boom run aground at Caspian port   Trade to Iran down at Russian port after end of sanctions. The value of goods shipped from the Astrakhan region to Iran in the first four months of

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Turkmenistan seeks to expand export area of its energy resources Export of energy resources to European countries is among the issues of top priority for the Turkmen state. The country continuously studies the opportunities for entering the European market. Talking to

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Russia to provide Iran with €2.5 billion infrastructure loan   According to the minister, the allocation of the funds depends on contracts between Russian and Iranian companies. “Not all the risk can be calculated at the development stage. Building railways is

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Bryza: TAPI, Trans-Caspian gas pipelines – priorities for Turkmenistan   Turkmenistan, which ranks fourth in the world on biggest gas reserves, is interested in the different routes of its gas export, including the TAPI gas pipeline project, which is being implemented,

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Turkmenistan to host 3rd Iran-Project expo   Turkmenistan is to host the 3rd edition of Iran's exclusive exhibition of oil, gas and petrochemicals, water and electricity, construction industry as well as engineering and technical services, known as “Iran Project-2016”,

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Georgia Plans for Energy Overhaul   Georgia is looking to win formal approval to join Europe's Energy community this October, making the country a more competitive location and partner for energy projects, the Georgian government said June 9. In a wide-ranging presentation, which

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Total Seeks Better Terms for Baku’s No 2 Field   Azerbaijan has extended the deadline for French major Total to submit the development plan for the first phase of the country’s second biggest gas field, Absheron, which contains 350bn m3 of gas

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Port Of Call The Chabahar port in Iran will help India get direct access to Central Asian markets. For India Inc, it is a huge business opportunity. On September 1, 2014, when Prime Minister Narendra Modi was on his maiden visit

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Russian oil export duty seen rising to $95.9 per tonne in July Russia’s oil export duty is expected to increase 19 percent month-on-month to $95.9 per tonne in July due to higher oil prices,

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Iran, Russia in talks over electricity exchange   A new report says Iran and Russia are in final talks over electricity exchange during high seasons. Payam Baqeri, head of Export Committee of the Iranian Power Industry Union, has told the Azerbaijan

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Caspian Overview: Azerbaijan Talks with Gazprom Azerbaijan’s energy monpoly Socar produced 5.4% less gas in the first five months of the year than in the same period of 2015. Output stood at 2.65bn m3, according to Socar’s latest figures, of

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Tehran-Astrakhan direct flight starts operation Deputy-minister of industry, mines and trade has said beginning from early June, flights has been operated directly between Tehran and Russian Caspian port city of Astrakhan. Valiollah Afkhamizadeh told reporters on Saturday

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India to export $150 mn rails for Chabahar port next month    

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Kazakhstan to resume oil production on Kashagan field   Oil output at Kazakhstan's Kashagan field is expected to start in October 2016. Kazakhstan's Prime Minister Karim Massimov gave the relevant instruction to Energy Minister Kanat Bozumbayev and KazMunaiGas national company during the

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Azerbaijan, Korea to cooperate on infrastructure, energy   Azerbaijan and Korea on June 14 held the first round of a joint commission on economic cooperation aimed at bolstering partnerships in infrastructure, industrial plants and trade and investment. The meeting

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SOCAR’s Turkish Partner Wins Massive No-Bid Construction Projects   Azerbaijan's state-owned energy company, SOCAR, likes Turkey’s Tekfen Construction and Installation building company so much, it tried to buy into it in 2008. But that move was blocked by the global financial crisis that

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Where additional volumes of newly discovered Turkmen gas head for? Turkmenistan has discovered new commercial flows of natural gas as a result of lately conducted 3D seismic survey, particularly in the area where the country’s largest gas field Galkynysh is

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€2b to be invested in Greece within TAP project   About €2.3 billion of direct investment will be made in Greece within the construction project of Trans Adriatic Pipeline (TAP), Greek media reported citing SOCAR Energy Greece’s Head Anar Mammadov as

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Transporting Turkmen Energy to Europe: a New Approach   The importance of the launch of the Caspian Energy Grid initiative at the Research Institute for Energy Management & Planning of Tehran University (RIEMP) on June 20 should not be

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EIA sees Azerbaijan as important oil and gas supplier to Europe   Azerbaijan, one of the oldest oil-producing countries in the world, is an important oil and natural gas supplier in the Caspian Sea region, particularly for European markets, the US

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An Iranian Petroleum Ministry official says Iran and Turkmenistan have envisioned a $30bn barter deal in their economic exchange. The deal allows for Iranian goods and services to be bartered for Turkmenistan’s natural gas, the official IRNA news agency quoted

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By Amina Nazarli The U.S. Energy Information Administration (EIA) has once again confirmed Azerbaijan’s importance in ensuring energy security both at regional and international scale. In its Country Analysis Brief report, EIA said Azerbaijan, one of the oldest oil-producing countries in the

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By Fatma Babayeva As Turkey’s relations with its biggest gas supplier – Russia worsened, many thought that the country needs to reduce dependence on Russia and diversify away from Russian gas. “It is the right time for Turkey to diversify gas import

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By Elena Kosolapova – Trend: Turkey now has an appropriate moment to diversify its gas sources, senior fellow in Energy Policy at the Center for Eastern Studies in Warsaw, Agata Loskot-Strachota believes. “Currently it is quite a good moment to look for

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TEHRAN (TCA) — An Iranian Petroleum Ministry official says Iran and Turkmenistan are pursuing a $30 billion goods-for-energy barter deal to take place in the course of the next 10 years, Iran’s PressTV news agency reported.   The deal

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Iran will import gas worth $30bn from Turkmenistan over the next ten years in exchange for engineering goods and services of the same value. Oil ministry representative Mohammad Taqi Amanpour said June 27 that the two countries had finalized $2.5bn of

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Azerbaijan’s State energy company SOCAR has not received any official request from Petrocas, which is partially owned by Russian oil giant Rosneft, over its plans to send minimum 1 million tons of gasoline Iran via Azerbaijan and Georgia. A source at

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Iran, Russia to set up 1st joint expo The first joint exhibition of Iran and Russia will be held in the Armenian capital of Yerevan. During the exposition, which will take place from October 26-28 in Yerevan’s venue

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On 1 July 2016, the Council prolonged the economic sanctions targeting specific sectors of the  Russian economy until 31 January 2017. These measures were introduced on 31 July 2014 initially for one year in response to Russia's actions

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TEHRAN, Jul. 02 (MNA) – NIGEC managing director has reported on the reached agreement with Armenia to bring about a threefold increase in Iran’s gas exports to the Caucasus region country. Following an earlier power deal between

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Azerbaijani-Belarusian business forum will be held July 15 in Baku, the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said July 1. Nearly 10 Belarusian companies will take part in the business forum, organized by Azerbaijan’s Economy Ministry and AZPROMO. Trade turnover between

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Iran, Turkmenistan to launch banking ties   Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between

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Gilan's standardized exports up by 43%     Head of exports quality evaluation office of Gilan Standardization Bureau said that standardized exports showed 43% growth in value in the first three months of the current Iranian calendar year (beginning on March 20).

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Russian media, economic delegation in Mazandaran   A Russian media and economic delegation, headed by the manager of the Center for Contemporary Iran Studies in Russia, Recep Safarov, arrived in this northern province on Sunday. The

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Iranian Commercial Attaché to Ashgabat deemed direct banking relations and facilitated visa issuance as two means of boosting trade ties with the Central Asian country. Rahmatollah Khormali said “facilitating commuting between countries as well as banking relations

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Iran resumed petrochemical exports to Britain sending a consignment to the country for the first time after lifting of the international sanctions, Mehr news agency reported on Sunday. According to the report, before international sanctions imposed on Iran, European countries

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U.S. House of Representatives panel will debate legislation on Thursday intended to block Boeing Co's planned sale of dozens of commercial aircraft to Iran, which could also affect other planemakers, including Airbus if they became law. A Financial Services subcommittee will

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  The United States Republican-controlled Congress is set to block Boeing Co's planned sale of dozens of commercial aircraft to Iran. The House of Representatives was to debate an anti-Iran legislature on Thursday that could influence trade between Tehran and Boeing as

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Vladimir Putin’s government is considering shifting the burden of oil taxes from the point of export to the point of extraction, a move that would eliminate the benefit of duty-free supplies enjoyed by neighboring Belarus and Kazakhstan, according to two

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A House subcommittee on Thursday will debate three bill aimed at halting Boeing’s sale of passenger jets to Iran. The House Financial Services Subcommittee on Monetary Policy and Trade plans to debate the measures aimed at stopping the largest U.S. business

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Iran’s crude oil production rose by 5,000 barrels per day (bpd) to 3.6 million bpd in June 2016, compared to May 2016, according to a Reuters survey. Iran almost doubled its exports since early 2016, Market Realist reported on July

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Caspian Overview: Major Upstream Investment Approved   Kazakhstan and the Chevron-led consortium Tengiz Chevroil (TCO) approved on July 5 a $36.8bn plan to expand the giant Tengiz field, which has 45% of the country’s total production now. The sides plan to increase

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Elena Dunayeva: "Azerbaijan is a link between Russia and Iran"   The meeting of presidents of Russia, Azerbaijan and Iran will be held in the first decade of August. A senior fellow at the Center for the Study of the Middle

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President Aliyev: Relevant instructions given to revive Odessa-Brody project   Relevant instructions have been given to revive the Odessa-Brody project, said Azerbaijani President Ilham Aliyev while making a press statement jointly with his Ukrainian counterpart Petro Poroshenko in Baku July 14. President

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Advisor to Leader hails capacities of Caspian Sea littoral states   Littoral states of the Caspian Sea and the Caucasus countries have good potential for cooperation, Major-General Yahya Rahim Safavi, an advisor to Iran's Supreme Leader, said on Wednesday.

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Sukhoi Su-30   The Sukhoi Su-30 (Cyrillic: Сухой Су-30; NATO reporting name: Flanker-C) is a twin-engine, two-seat supermaneuverable fighter aircraft developed by Russia's Sukhoi Aviation Corporation. It is a multirole fighter for all-weather, air-to-air and air-to-surface deep interdiction missions. The

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T-90   The T-90 is a third-generation Russian battle tank that entered service in 1993. The tank is a modern variation of the T-72B and incorporates many features found on the T-80U. Originally called the T-72BU, but later renamed

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Russia approves granting loans to Bangladesh, Iran for construction of NPP, TPP In mid-December 2015, Rosatom received a general contract for construction of a nuclear power plant in Bangladesh, which may be worth around $12.65 according to estimates of some western

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Pro-Government Forces Advance in Syria Amid Talk of U.S.-Russia Cooperation   In Moscow on Friday, Secretary of State John Kerry and Foreign Minister Sergey V. Lavrov of Russia laid bunches of flowers in memory of the victims of the

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Iran takes first delivery of S-300 air defense system   Iran has received the first batch of the S-300 air defense system, the Tasnim news agency announced on Monday.   Reportedly, Tehran has purchased the S300-PMU2 model, one of the most

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Caspian Energy Grid – London Launch   The Caspian Sea is the largest enclosed body of water by area and the resources to be found around in and under the Caspian Sea have been disputed for millennia. The issues

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Dry Cargo Vessel Launched in Russia   The Zhibek Zholy, a dry cargo vessel with a capacity of 7,500 dead weight tonnage (DWT), was launched July 12 in Shlisselburg, Russia, reported the Kazakhstan Temir Zholy

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Exports of Razavi Food Company soar   Supervisor of Razavi Food Products Company has reported a 49-percent rise in exports of the company’s products within the first three months of the current year (began March 20). In an

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Kazakhstan's wheat production forecast at 13 million tonnes   Kazakhstan’s wheat production for market year 2016-17 is forecast at 13 million tonnes, same as the previous estimate, the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) said in a July 15

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Caspian Energy Grid (CEG) - a Plan B for the region   Since my mother is an Azeri, Azerbaijan is literally in my blood. In fact the Islamic Republic of Iran views the people of Azerbaijan as brothers rather

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Turkmenistan to have summit on European gas   A Turkish diplomat says the presidents of Turkey, Turkmenistan and Azerbaijan are set to meet to lay groundwork on possible future deliveries of natural

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Iran after creating large-scale exporting firms   Iran’s deputy industry minister has announced that the country is seeking to establish major exporting companies. Deputy Minister of Industry, Mine and Trade Valiollah Afkhami Rad said there exists no doubt that

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Yelena Dunayev: "Iran was closed, inaccessible and strange country for Russia"   Russia plans to complete the delivery of S-300 to Iran until the end of the year, the work under contract goes according to plan, the head of

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Taban Air launches Tehran-Astrakhan direct flight   Taban Air CEO has announced the operation of a new flight path between Tehran and Russia’s Astrakhan. Founder and CEO of Taban Air Airline Company Asghar Abdollahpour made the announcement saying

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Turkmenistan, Azerbaijan, Turkish Leaders to Meet for Gas Talks   A high-level meeting reportedly set to take place later this year in Turkmenistan could put talk of building a natural gas pipeline across the Caspian Sea back on the agenda. The

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Russia Oil Output Pumps to New Record Boosted by Arctic Projects, says GlobalData   Anna Belova, Ph.D., GlobalData’s Senior Analyst covering Oil & Gas, says: “Russian president Vladimir Putin ceremoniously opened the Arctic Gate marine oil terminal on May 25. The

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Europe works on Turkmen gas import   The European Commission is following and implementing the Ashgabat declaration from 2015 on energy cooperation with Azerbaijan, Turkmenistan and Turkey, a source in the European Commission told Trend. Within the implementation of this declaration the

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Azerbaijan top court clears Aliyev's bid to extend presidential term   Azerbaijan's highest court on Monday approved an initiative by President Ilham Aliyev to extend the head of state's term of office to seven years from five, a step his critics

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US LNG export to compete with Russian pipeline supplies in Europe   Russia’s proposed new gas supplies to Europe will compete with the US LNG export to that region, analysts of the US JP Morgan bank expect. Last week a cargo of

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Chabahar: In the Grand Chessboard of India’s Geo-Strategic Calculus   by Jajati K. Pattnaik and R. P. Pradhan Prime Minister Narendra Modi’s recent visit to Tehran marks a new geopolitical beginning in the Persian Gulf region putting Chabahar in the

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Iran, Russia Plan to Ink 70-Project Cooperation Deal   Iran and Russia are to sign a cooperation deal on more than 70 industrial projects, Russian media reports said on Saturday. Russian Energy Minister Alexander Novak said the plans were decided

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Russian industrial giant seals deal with Iran   Russia’s Technopromexport has become the country’s first enterprise to win a major industrial deal from Iran after the removal of the sanctions against the country.  Technopromexport, part of Russia's

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Iran to export Russian gas to Georgia via Armenia   The agreement on trial gas exports from Iran through Armenia to Georgia will allow covering one fourth of the country’s gas demand and will decrease its dependence on Azerbaijan.

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Iran to export 40 mcm/d of gas to Georgia   Iran has provided more details on a small contract that it has sealed to export natural gas to Georgia – a project that could expand the energy reach of the

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Gazprom Eyes Iranian LNG, Turkish Stream   Gazprom, Russia's state controlled gas giant, is interested in developing gas projects in Iran According to Russian business daily Vedomosti, Russia's energy minister Alexander Novak said that the

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Russians to build 1.4 GW coal plant in Iran Tekhnopromexport, part of Russia's state industrial conglomerate Rostec, has become the first Russian company to win a large, firm contract with Iran after the end of Western sanctions

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Russia, Iran Consider Rail Link to Snag Share of Suez Traffic   Russia and Iran agreed to strengthen transport connections, including a potential railway link through Azerbaijan that would aim to grab a share of the

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Russia, Armenia to host Iranian goods expo.   Head of Tehran Agriculture Organization said exhibitions of Iranian products will be held in Russia and Armenia in near future. The event will pursue the aim of introducing Iranian products

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Iran becoming Turkmenistan’s rival in natural gas export Iran’s growing natural gas exports and plans to supply the fuel to China, India and Europe make the Islamic Republic a direct competitor of gas-rich Turkmenistan in this sphere, the Chronicles of

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Azerbaijan, Iran increased electricity swap   Azerbaijan and Iran have increased the swap of electricity by 2.5 times, Hamid Chitchian, Iran’s Energy Minister told Trend. He said that a new ETL (electrical transmission line) with the capacity of 330 kilowatt and

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Russian ports handle growing dry bulk shipments   Russian ports handled 186.4 million t of dry bulk commodities in the seven months to July, according to data from the Federal Agency of Marine and River

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 Trade between Russia & Iran surges 71 percent   With the lifting of sanctions, trade turnover between Moscow and Tehran has grown 70.9 percent in year-on-year terms, according to Russia's ambassador to Iran, Levan Dzhagaryan. Since international sanctions against Iran

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Major rise seen in Russia’s trade with Iran Russia says its trade with Iran has increased by 70.9 percent after the sanctions against the Islamic Republic were removed earlier this year. Russia’s Ambassador to Tehran Levan Dzhagaryan was quoted

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Iran second largest supplier of Turkish gas demand   Despite the ongoing gas dispute between Tehran and Ankara, Iran has turned into the second largest exporter of gas to Turkey. Notwithstanding the continuous gas dispute between Tehran and

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From Iran to Russia, Trade Links Promise Protection Against Future Sanctions     Geo-economics dominated the agenda of two critical meetings this week: a trilateral economic summit in Baku between Russia’s Vladimir Putin, Azerbaijan’s Ilham Aliyev and Iran’s Hassan Rouhani, followed by a

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Iran and Russia: The emergence of a new connectivity alliance    Iran, Russia and Azerbaijan’s trilateral summit to further strengthen cooperation in economy, energy and transport fields will be a step in the right direction to enhance connectivity,

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Three reasons why Russia deployed Tu-22M3 strategic bombers to Iran   Russia deployed Tupolev Tu-22M3 supersonic long-range strategic bombers to the Hamadan airfield in Iran to cut flight times, increase bomb capacity and improve response capabilities of its aircraft

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Oil swap with Caspian Sea countries to restart soon: Oil official Iran will soon restart oil swaps with littoral countries of the Caspian Sea in north of the country, a senior oil official announced

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Oil production up in Turkmen sector of Caspian Sea   Dragon Oil increased oil production in the Turkmen shelf of the Caspian Sea to almost 2.143 million tons in the first half of 2016, the

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Russia holds tender for Iran power plant job   Russia has announced a tender for the development of a key thermal power plant in Iran thus taking the project it was awarded last year one more step toward materialization.  Russia’s media

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Analysts: Strategic triangle of Russia-Iran-Turkey hardly on agenda   On the one hand, Russia is settling relations with Turkey and on the other, it expands relations with Iran The current trend towards Russia’s cooperation with Iran, on the one hand, and the

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Iran ready to swap oil with Russia   Oil Minister Bijan Zanganeh has reported on negotiations between Iran and Russia for oil swap. Speaking at a live IRIB program, Zanganeh said several domestic and foreign companies have launched

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Pakistan, largest buyer of Iranian LPG   NIORDC managing director has cited Pakistan as the biggest regional customer of Iran’s Liquefied Petroleum Gas (LPG). Seyyed Naser Sajjadi said the need for swap of oil products with Caspian littoral

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Iran, Armenia to boost electricity exchange   An official has announced that Iran-Armenia electricity exchange volume will become trebled upon completion of the third transmission line. Vice President of Iran Power & Water Industries Equipment & Services Export

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Iran eyes resumption of oil swap operations   Iran, which ranks the fourth in the world for the volume of its proven oil reserves, is about to resume oil swap scheme with Caspian littoral states

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 Turkey and the Energy Transit Question   For foreign and security policy analysts, pipelines tend to be the entry point into the world of energy. Pipelines create dependencies between countries, pipelines stay for decades, and pipelines have a highly symbolic political value. In

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Azerbaijan realizes 45.5 percent of its SGC financing obligations Azerbaijan is fully committed to invest in Southern Gas Corridor (SGC), including the Shah Deniz-2 project, and continues to meet its financial obligations on time, SGC Co CEO Afgan Isaev told Natural

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Batumi to host 3rd International Black and Caspian Sea Transport Forum, Sept. 19-21 The 3rd  International Black Sea and Caspian Sea Transport Forum will be held in Batumi City, the Republic of Georgia, on September 19-21, the event organizing committee said. The

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Iraq plans to sell oil through Iran if talks with Kurds fail   Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official

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Turkmenistan seeks to deliver its hydrocarbons to West   Turkmenistan, an energy-rich Central Asian nation with abundant hydrocarbon reserves, is keen to diversify the routes of its gas export. Being the sixth in the world for the volume of natural gas reserves, the

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SOCAR reveals volumes of oil & gas export   Georgia and Turkey have so far received 5.5 and 41 billion cubic meters of gas respectively through the Southern Caucasus Pipeline as part of Shahdeniz-1 project, said Khoshbakht Yusifzade, the first vice-president

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First Shah Deniz 2 platform jacket heads offshore   The Shah Deniz consortium says the jacket for one of the Shah Deniz Stage 2 platforms has sailed away from the Heydar Aliyev

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What's the future now for Turkish-Russian relations?   Turkey's renewal of ties with Russia represents an invigoration of its already existing "Eurasian direction" in foreign policy, including an outreach to Central Asia, India and China. It is a substitute for the failed

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Europeans seek to work in Iranian sector of Caspian sea   Energy-rich Iran is currently in talks with companies from Norway, the Netherlands, and the United Kingdom, which have already expressed their willingness to work with Tehran on oil and gas

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Weekly Overview: Caspian Sailaway; East-West Politics and the East Med   Weekly Overview: Caspian Sailaway; East-West Politics and the East Med The sailaway of the first Shah Deniz jacket on time on September 1 from its Caspian Sea shipyard was marked by a

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Iran, Russia to boost Ruble-Rial swap   Vice chairman of Iran-Russian Chamber of Commerce has called for currency swap to further develop volume of the two countries' trade exchanges. Ghadir Ghiafeh touched upon the banking cooperation agreement between

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IFC considers funding Southern Gas Corridor project   International Finance Corporation (IFC) is considering the possibility of financing the Southern Gas Corridor project, IFC representative in Azerbaijan Aliya Azimova told Trend Sept.9. She pointed out that this project is of great importance

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It’s time for the United States to act on Azerbaijan   David J. Kramer is [the] senior director for human rights and democracy at the McCain Institute for International Leadership and a former assistant secretary of state for democracy,

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Azeri Minister: We share same ideas with EU as to diversification of gas exports to Europe - INTERVIEW Azerbaijani energy minister Natig Aliyev’s interview to APA   - Realization of the Southern Gas Corridor project coincided with the period of cheap oil. The

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NICO, Total to sign oil swap contract   Iran’s Naftiran Intertrade Company Sàrl (NICO) and France’s Total S.A. Company have agreed on sealing an oil swap deal. Naftiran Intertrade Company Sàrl (NICO), a Swiss-based subsidiary of the National

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New Caspian oil fields to add to glutted global market   Two new Caspian Sea oil fields are due by the end of this year to add significant volumes of crude to a world market

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Two Caspian Sea Projects Could Add 200 MBOPD by Year-End   Even as Russia discusses a production freeze with Saudi Arabia, Caspian Sea projects could add to the glut Oil prices have improved this week in part thanks to renewed talks amongst

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World oil prices can be depressed by two new Caspian Sea oil fields   The global oil market has recently revived after Russia and Saudi Arabia finally agreed to cooperate on the stabilisation of the prices. At the same time two

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Kashagan to boost world oil production Kazakhstan’s Energy Minister Kanat Bozumbayev has said that the official launch of Kashagan is scheduled for October 23 The Caspian Pipeline Consortium (CPC) can pump about 1.2million tonnes of crude oil from the giant oil field

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Why the future of the Russian oil and gas industry is in the Caspian   Russia’s leading energy companies are now eyeing the Caspian Sea as a source of high-volume, high-quality hydrocarbon reserves. The Caspian

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Turkmenistan opens $2.3 billion bird-shaped international air terminal   Turkmenistan opened a $2.3 billion air terminal at Ashgabat International Airport on Saturday as part of its bid to become an international transport hub and offset a plunge in traditional revenues from gas

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Turkish company to build major new port in Turkmenistan   Turkish construction company GAP, owned by the Çalık Group, will build a port in the city of Turkmenbashi on Turkmenistan’s Caspian Sea coast over four years, Hurriyet reported. The

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Iran to Import Salmon From Russia   Tehran will purchase salmon from Russia, a high-ranking Iranian official announced. MOSCOW (Sputnik) – Iran is going to import salmon from Russia, country’s Deputy Agriculture Minister Ali Akbar Mehrfard said on Wednesday. "Some species of

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Kazakhstan targets to increase its oil output   Energy-rich Kazakhstan is planning to increase its oil production to 79.5 million in 2017 with further growth up to 86.5 million tons in 2021. The target is

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Russia receives hopeful signals from Iran on oil prices   With Russia having agreed with OPEC member Saudi Arabia earlier this month to cooperate to limit future oil output, news that Iran would support moves to stabilise the global oil market

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Oil Rebounds on Talk of Russia-Iran-OPEC Cooperation Russia supports year-long deal to stabilize oil, its OPEC representative tells Interfax Oil prices rebounded from a new one-month low Tuesday after further talk of cooperation to cap output among the world’s largest oil exporters. Russia

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Russia Is Pumping Oil at Its Fastest Pace Since the Soviet Era     September output has averaged 11.09 million barrels a day     Putin gives command to start Siberia’s East Messoyakha field   Russian oil output rose to a record ahead of

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Kashagan oil maybe transported via Azerbaijan   Energy-rich Kazakhstan may start oil export from its large Kashagan field through Azerbaijan in 2017.  Kazakh Energy Minister Kanat Bozumbayev said that the country does not exclude the possibility of transporting oil through Azerbaijan,

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Russia Cuts Tariffs on Import of Seafood from Iran   Russia has reduced tariffs on the import of seafood from Iran by some 16 percent, Head of Iran’s Fisheries Organization Hassan Salehi announced, expecting a five-fold increase in the exports

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Iran, Russia to build 4 thermal power plants   Iran and Russia authorities have emphasized implementation of the Green Corridor customs and the need to finalize the contract for construction of four thermal power plants. Iran's Ambassador to

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Turkey, Turkmenistan and Azerbaijan aim to increase connectivity   Turkey needs to preserve the existing business volumes in established markets like Russia and the Middle East and expand in markets that offer relatively safer business environments such as Turkmenistan, Kazakhstan, and

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<header class="article-header entry-header"> Kazakhstan Caspian pipe delayed indefinitely despite Kashagan restart </header>   The rapidly approaching date of re-start of production at Kashagan on October 23 automatically reanimates the question of the need for construction of another major project, namely,

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Kazakhstan eager to join huge oil transportation systems via Azerbaijan   Azerbaijan and Kazakhstan, the two oil rich countries with tremendous oil reserves, eye prospects for deepening cooperation in energy sphere. The two countries are planning to lay new Eskene-Kuryk-Baku oil pipeline

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OPEC and Russian officials plan informal talks in Istanbul   Energy ministers from Saudi Arabia, Iran and Iraq will be among representatives of key OPEC producers meeting Russian officials for informal talks on oil output in Istanbul next week,

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Kazakhstan launches oil production at Kashagan   Kazakhstan has launched oil production at Kashagan field, with oil being produced at only four wells of the field, Sputnik Kazakhstan quoted Kazakh Energy Minister Kanat Bozumbayev as saying. “As of Wednesday morning, daily oil

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Azerbaijan, BP to continue realizing joint projects   Azerbaijan Caspian Shipping Company and British BP seek to continue implementation of joint projects in the Caspian Sea.   The realization of joint projects by the two companies, as well as the current level of

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Russia requests Japan’s cooperation on farm exports and energy   Russia has requested Japan’s support for agricultural exports and energy development as part of intensifying negotiations on bilateral economic cooperation ahead of President Vladimir Putin’s talks with Prime Minister Shinzo Abe in

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Azerbaijan and Kazakhstan Plan New Pipeline Azerbaijan’s Energy Minister Natig Aliyev announced on October 7 that his government and their Kazakh counterparts are in the final stages of negotiations over the construction of a 739-kilometer oil

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Today, the Russian President Vladimir Putin met with the Turkmen President Gurbanguly Berdimuhamedov in Moscow. The two leaders discussed key issues of bilateral cooperation and exchange views on important regional issues during the talks. Russian President noted that

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Kazakhstan, enjoying 3 percent of the world’s total oil reserves, announced that it will not impose any limits for oil production at the recently-relaunched Kashagan field. Kazakh Energy Minister Kanat Bozumbayev noted that Kazakhstan’s share in the world

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IIKSS- Abu Dhabi-based company to target members of Commonwealth of Independent States such as Kazakhstan and Azerbaijan in the coming years Abu Dhabi: Abu Dhabi based oilfield services company Al Mansoori is planning to expand into CIS (Commonwealth

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IIKSS- Russia's oil output set a new post-Soviet era record high in October, rising 0.1 percent from September to 11.2 million barrels per day (bpd), energy ministry data showed on Wednesday. The rise underscores the difficulty the government

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IIKSS- Foreign investors’ interest in Kazakhstan is growing. Atyrau region still remains the most attractive for investors. The oil producing city has been recently visited by Turkish and Azerbajani business delegations. As analysts noted, Kazakhstan’s economic ties with

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IIKSS- The volume of trade turnover between Russia and China has increased by 0.5 percent on a year-over-year basis to $56.2 billion in the first 10 months of this year, the Chinese General Administration of Customs said in

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IIKSS - Voters in Bulgaria and Moldova could extend Moscow’s influence in eastern Europe on Sunday in potential fresh blows to the European Union. Bulgarians are expected to elect a Russia-friendly former air force commander as president in

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IIKSS - The European Commission has so far allocated more than €187 million for the implementation of different projects within the TRACECA (Transport Corridor Europe-Caucasus-Asia) project, which is aimed at strengthening of economic relations, trade and transport links

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IIKSS - During the first three quarters of 2016, BTC spent approximately $87 million in operating expenditure and $41 million in capital expenditure, BP Azerbaijan told APA-Economics. Since the 1,768km BTC pipeline became operational in June 2006 till

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IIKSS - Kazakhstan’s Mazhilis (lower chamber of Parliament) approved Nov. 2 the draft law “On ratification of the agreement between the Kazakh government and the International Atomic Energy Agency (IAEA) on establishing the low-enriched uranium (LEU) bank in

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IIKSS - The Azerbaijan International Operating Company (AIOC), which develops oilfield block Azeri-Chirag-Gunashli in the Azerbaijan sector of the Caspian Sea, lowered the oil production for the 3rd quarter of 2016. BP Azerbaijan (project operator) informs that by

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IIKSS - Azerbaijan has got an opportunity of direct tanker export of its oil from the Caspian Sea water area, known as a closed basin. Rauf Veliyev, chairman of Azerbaijan Caspian Shipping Company (AXDG/ACSC), has stated that tanker

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IIKSS - HE Ilham Aliyev, President of Azerbaijan received HE Majid Saif Al Ghurair, Chairman, Dubai Chamber of Commerce and Industry, on the side-lines of his visit to the Chamber’s International Office-hosted annual networking reception held in Baku

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IIKSS - During the session of the cabinet of Ministers on November 18, President Gurbanguly Berdimuhamedov highlighted that development of mutually beneficial partnership with neighbouring countries including with Caspian states is one of the priority directions of foreign

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IIKSS - Regular 17th session of the Mejlis of Turkmenistan of the fifth convocation was held. Number of new laws and legal and regulatory acts, developed in accordance with the priorities of the policy of President Gurbanguly Berdimuhamedov

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IIKSS - The Azerbaijan-Pakistan business forum will be held in Baku on December 6, the Azerbaijan Export and Investment Promotion Fund (AZPROMO) reported on November 29. The representatives of the Pakistani companies specializing in food industry, textiles, pharmaceutics,

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IIKSS - To promote the national brands in Dubai, Azerbaijan's export mission visited the United Arab Emirates recently. The delegation included representatives of 20 companies engaged in manufacture of natural juices, mineral beverages, agricultural products, meat and meat

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IIKSS - Kazakhstan and China intend to create a joint agricultural investment fund, as reported on 28 November by the news agency, Kazinform. The creation of this Kazakh-Chinese investment fund in the area of agriculture will be

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IIKSS - Dubai hosted a trade mission of Kazakhstani producers organized by the Kazakh Agency for Export and Investment KAZNEX INVEST, Ministry for Investments and Development of Kazakhstan, and the Chamber of Commerce and Industry of Dubai with

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IIKSS - Forestalling the agenda of the session, the Leader of the Nation, addressing the participants, noted that historical event was held recently in Ashgabat, the Global Sustainable Transport Conference was organized and conducted on high level under

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IIKSS -  The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields, APA-Economics reports citing to bank’s website. The assistance

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IIKSS - Kazakhstan President Nursultan Nazarbayev launched 23 new innovative and industrial projects of the country’s Industrialization Map, the presidential press service reported. During a teleconference there were 23 direct live broadcasts with all the country’s regions, which

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IIKSS - President Gurbanguly Berdimuhamedov held extended session of the Cabinet of Ministers of Turkmenistan where outcomes of the government activity and work of branches were summed up for the past 11 months of the year. The

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IIKSS - As of today, potential hydrocarbon resources of Turkmenistan amount to 71.2 billion tons of oil equivalent, 53 billion of which account for land and 18.2 billion tons – for marine areas, according to a report of

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IIKSS - President of Turkmenistan Gurbanguly Berdymuhamedov met with General Electric Vice President, President and Chief Executive Officer Ronald J. Pollett. The President noted that Turkmenistan had been always open for mutually beneficial business relations with the leading

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IIKSS - Azerbaijani exporters will have a chance to participate in international exhibitions to increase awareness about the local production and advertise the products on foreign markets. The Economy Ministry of Azerbaijan has already started to receive applications

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IIKSS - Russia is prepared to offer its customers the most advanced equipment and gear for fighting against terrorism, Russian President Vladimir Putin said at a meeting of the commission for military-technical cooperation with other countries on Monday.

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IIKSS - Active work is underway in Turkmenistan on the development and research of new directions in the gas and chemical industry, according to the report by Chairman of the Turkmengaz State Concern Ashirguli Begliyev read at the

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IIKSS - Turkmenistan’s economic growth has slowed down as a result of external factors, although domestic non-hydrocarbon growth has been supported by credit and structural policies in support of diversification, Mr. Martin Sommer, head of an International Monetary

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IIKSS - A presentation of the third phase of the international project “Support for further sustainable Agriculture and Rural development in Turkmenistan”, implemented with the European Union assistance, was recently held in Ashgabat. The event was organized by

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IIKSS - A new oil storage terminal has been opened in Imamnazar on the border between Turkenistan and Afghanistan. Turkman president Gurbanguly Berdymukhamedov and Afghan president Ashraf Ghani officially opened the terminal along with a new railway which

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IIKSS - The importance of Southern Gas Corridor project, initiated by Azerbaijan and initially envisaging the Caspian gas supplies to Europe today is not realized only by people who are not well-informed and have no interest in the

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IIKSS - Having announced the agenda of the session, the Head of the State gave floor to Chairperson of the Mejlis A. Nurberdiyeva who reported on the activity of the Parliament for improvement of legislation base as well

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IIKSS - Turkey’s Customs and Trade Minister Bulent Tufenkci has voiced his country’s intention to simplify customs procedures with Azerbaijan, and establish a “green corridor”, similar to the one existing between Russia and Turkey. “Turkey’s Ministry of Customs

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IIKSS - Azerbaijan exported 19,098,957 tons of oil products in January-November of this year, according to the State Customs Committee. The official figures suggest that the total value of the exported oil products made $5,896 million. The country

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IIKSS - Kazakhstan and Israel are planning to jointly enter China’s food market. At the Kazakh-Israeli business forum in Astana, the memorandum was signed on construction of a joint venture for the processing of poultry meat, products which

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IIKSS - The Azerbaijan-Kyrgyzstan cooperation in transit transportation has good prospects and it can be beneficial to both sides, Isimbek Abdiyev, research officer at the National Institute for Strategic Studies of Kyrgyzstan, candidate of economic sciences, came to

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IIKSS - More than 10,000 vehicles valued at 61.5 billion tenge (US$185 million) were produced in Kazakhstan during the first 11 months of 2016. The government aims to achieve 50-percent localisation in vehicle production and increase the export

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IIKSS - Azerbaijan’s Economy Ministry has announced that he will send an export mission to Pakistan next February. The export mission will include companies specializing in the production of fruits, vegetables, mineral water, fruit juices, sugar and confectionery,

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IIKSS - Directors of Iran Khodro Industrial Group, known as IKCO, and PSA Peugeot Citroën discussed ways for comprehensive, joint investments, for production and exportations, Mehr News Agency reports. Hashem Yekke Taz, IKCO CEO and Jean-Christophe Quémard PSA

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IIKSS - Iran’s Oil Minister Bijan Zanganeh said international arbitration on Iran-Turkmenistan gas dispute has been ruled out for now, adding the two sides need to settle issues through talks. Zangeneh discussed the details of the new Iran-

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IIKSS - The Year of Reverence for Heritage, Reforms in the Motherland of the epoch of might and happiness is coming to an end. Bidding farewell to the year of 2016, which is marked by high achievements in

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IIKSS - Iranian light crude oil price continued its upward trend in the week ended on December 23, increasing 30 cents per barrel (pb) to reach $52.16, IRNA reported on Saturday. The country’s light crude price stood at

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IIKSS - Iran’s media have hailed the country’s success to resolve a gas dispute with Turkmenistan despite demands from Ashgabat for Tehran to pay $1.8 billion in alleged unpaid arrears for historic gas deliveries. The country’s IRNA news

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IIKSS - An export mission of Azerbaijani entrepreneurs to Germany is planned for January 2017, hoping to boost exports. The mission, which is scheduled for January 23-26, will represent such local products as fruit and vegetables, mineral water,

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IIKSS - The National Iranian Gas Company (NIGC) says it would apply to international arbitration over the stoppage by Turkmenistan of its natural gas export to Iran. Turkmenistan halted natural gas supplies to Iran on January 1 in

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IIKSS - President of Turkmenistan Gurbanguly Berdimuhamedov has decreed to appoint Maksat Babayev as the chairman of the Turkmengas State Concern. Babayev previously served as the deputy chairman in Turkmengas. Turkmenistan is currently eyeing to construct a pipeline

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IIKSS - The enterprise is one of the largest in the northern region of the country. Super modern high technology production complex increase the output of competitive goods for the world market. Just for the last year,

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IIKSS - Ashgabat hosted an extended meeting of the Cabinet of Ministers of Turkmenistan, where President Gurbanguly Berdymuhamedov gave a keynote address, summarizing 2016 and outlining the prospects for 2017. As has been noted by the Head of

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IIKSS - Qatar has offered Azerbaijan to organize a forum of Islamic countries on the eve of the fourth Islamic Solidarity Games to be held in Baku on May 12-22, 2017, the Azerbaijani Ministry of Economy said in

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IIKSS - The railroads of Iran and Azerbaijan will be connected in a month, according to Minister of Communications and Information Technology Mahmoud Vaezi. The two country’s rail networks will be linked via a 10-km route connecting the

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IIKSS - Azerbaijan, which is one of the largest suppliers of oil to the Czech Republic, is interested in development of cooperation in the energy sector. Azerbaijani Ambassador to Czech Republic, Farid Shafiyev said that currently the two

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IIKSS - Iranian Oil Minister Bijan Zangeneh said that the country’s revenue of oil and condensate is expected to hit $41 billion by the end of the current Iranian calendar year (which ends on March 20, 2017). Minister:

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IIKSS - Turkmenistan says there is a plan to build a power transmission line along the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, which is being constructed since December 2015, reports Trend. “In addition to providing electricity to all the infrastructure

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IIKSS - Turkmenistan should be among the world’s leading industrialized countries in order to achieve the highest goals, said President Gurbanguly Berdimuhamedov during his working visit to the country’s Mary Province, the Turkmen media reported. It is necessary

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IIKSS - Turboprop maker ATR has completed commercial negotiations with IranAir for the sale of at least 20 aircraft and expects to be able to sign a contract very soon, the head of the Franco-Italian aircraft maker said.

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IIKSS - During the trip of the Head of Turkmen State, special attention was paid to the issues of social and economic development of the region, realization of adopted state programmes including in industrial sector and agricultural sphere.

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IIKSS - During the visit of the head of JSC Kazakhstan Temir Zholy Kanat Alpysbayev to Iran the documentation on creation of a joint enterprise between KTZ Express (branch of Kazakhstan Temir Zholy) and Islamic Republic of Iran

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IIKSS - With all the expectations that Russian businesses had about Iran after the lifting of American sanctions, the 60% growth in Russia-Iran trade from $1.2 billion in 2015 to almost $2 billion in 2016 can hardly be

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IIKSS- On February 22 in Tashkent, in the framework of the upcoming 16th session of the Joint Intergovernmental Commission on cooperation between Kazakhstan and Uzbekistan, the President of Kazakhstan’s national railways company Kazakhstan Temir Zholy (KTZ) Kanat Alpysbayev

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IIKSS- Iran’s major car-maker plans to open new plants in neighboring Azerbaijan. The issue was on agenda of the Azerbaijan-Iran Business Forum in Urmia, where a delegation headed by Minister Shahin Mustafayev arrived in to discuss expansion of

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IIKSS- Turkmenistan was Turkey's single largest weapons buyer over the past five years, while the arms industries of Belarus and Israel are increasingly dependent on Azerbaijan's business, a new report has shown. The report, by the arms trade

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IIKSS- Last week, Russia and Iran launched the construction of the Sirik 1.4-gigawatt thermal nuclear plan in the city of Bandar Abbas in southern Iran. The opening ceremony was attended by Russian Energy Minister Alexander Novak. In mid-December

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IIKSS- Turkmen President Gurbanguly Berdimuhamedov stressed the importance of developing the trade and economic relations with Iran for the strengthening of mutually beneficial partnership. Berdimuhamedov said about this in his message to participants of the specialized exhibition of Iran, which

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IIKSS- A team at International Research Networks (IRN) organised an excellent Iran Business Symposium on Feb. 21+23, 2017, at the Renaissance Hotel in Amsterdam. It was attended by Switzerland, Germany, Turkey, Italy, and many other EU countries and

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IIKSS- A team at International Research Networks (IRN) organised an excellent Iran Business Symposium on Feb. 21+23, 2017, at the Renaissance Hotel in Amsterdam. It was attended by Switzerland, Germany, Turkey, Italy, and many other EU countries and

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IIKSS- Russia is a natural land bridge. The country stretches from the farthest fringes of the east to the brink of the west; it spans across nearly the entirety of the Eurasian landmass, from the Bering Sea to

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IIKSS- The European Commission has said that energy laws should apply to offshore as well as onshore parts of Russia's new gas pipeline, Nord Stream 2 . Maros Sefcovic, the EU energy commissioner, told a group of reporters

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IIKSS- Azerbaijan and Kazakhstan are partners and the two countries’ economic systems complement each other, Rashad Mammadov, ambassador extraordinary and plenipotentiary of Azerbaijan to Kazakhstan, said in an interview with Trend. "Azerbaijan and Kazakhstan didn’t become rivals despite

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IIKSS- Fitch Ratings gives speculative-grade rating to the state energy company in Azerbaijan, where oil production is on the decline. March 17 (UPI) -- The state energy company of Azerbaijan, a party to OPEC-led balance efforts, beat its

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IIKSS- Azerbaijan’s ambitious Southern Gas Corridor project has the potential to further estrange EU-Moscow ties and trigger energy price wars. A white metal building protruded upwards in a large empty field along the coast of the Caspian Sea

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IIKSS- The largest Russian project in Iran is the nuclear power plant in Bushehr. This is a unique building which has no analogues elsewhere in the world. The construction of the station was started in 1974 by the

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IIKSS- Head of Gorgan Chamber of Commerce said a cooperation agreement has been inked in agriculture sector between Iran’s Golestan province and Kyzylorda Region of Kazakhstan. Ramezan Bahrami said the newly-signed Memorandum of Understanding (MoU) pertained to extra-territorial

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IIKSS- When leaders of Azerbaijan and Georgia took part in a session titled “The Silk Road Effect” at the 2017 World Economic Forum in Davos, they were predictably eager to promote the importance of the China-led Silk Road

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The index of budget per capita and its effect on the political weight and government weight of the Russian Federation. Are recent problems and further events in Russia abnormal? IIKSS - Russia is currently significantly struggling with

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The dreams that were burned by oil: analysis of the political weight (PW) and government weight (GW) of the Republic of Azerbaijan International Institute of Khazar Studies (IIKSS) - Azerbaijan can be counted among the countries that

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Caspian Sea oil and gas transmission projects - threat or opportunity   Dr. Maysam Araee Daronkola the director of the International Institute of Khazar Sea Studies (IIKSS) in an Interview with Islamic Republic of Iran News Agency

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 Iranian President Hassan Rouhani said Tuesday that his government remains committed to a nuclear deal with world powers, despite the U.S. decision to withdraw, but is also ready to resume uranium enrichment should the accord no longer offer benefits.

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Beijing has officially opened its new train route to Iran, as the US urges its companies to wind down their operations with Tehran. As US President Donald Trump hardens his confrontational attitude to Tehran, tearing up the 2015 nuclear

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TEHRAN, May 12 (MNA) – Iranian President Hassan Rouhani told the visiting Minister of Foreign Affairs of Turkmenistan Raşit Meredow that Iran is ready to export technical and engineering services to Turkmenistan. “The Islamic Republic

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Russia appears to be taking a long-haul approach to economic relations with Iran, one based on patience and building a solid base for cooperation. When Iranian Foreign Minister Mohammad Javad Zarif visited Moscow on May 14,

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Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminum, the World Trade Organization said on Tuesday, bringing the total U.S. tariff bill to around $3.5 billion annually. The

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The Mejlis (Parliament) of Turkmenistan of the sixth convocation has approved and adopted the draft law "On state regulation of development of agriculture”, said a message from the Turkmen government. The new law defines the legal, economic, social and

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Kazakhstan increased oil, gas and gas condensate production by 6.4 percent in January-May 2018 compared to the same period of the previous year. This was stated by Kazakh Deputy Energy Minister Makhambet Dosmukhambetov at a government meeting on June

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As the Russian and Saudi soccer teams met June 14 in the opening game of the World Cup in Russia, so did the Russian president and Saudi crown prince, as they watched the

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Kazakhstan exported to Ukraine 8,000 tonnes of liquefied gas in January-May 2017. The supplies of Kazakhstan’s liquefied gas to Ukraine increased by 11.5 times and amounted to almost 87,700 tonnes in January-May 2018, UPECO consulting company said in a

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The Labyrinth of the Caspian Sea Legal Regime in an interview with Tasnim Dr. Maysam Araee Daronkola, the director of the International Institute of Khazar Sea Studies (IIKSS) in an interview with Tasnim News Agency International

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Yanase emphasised that Japanese companies are interested in investing in Kazakhstan. As of the first quarter, trade between the countries reached $460.9 million. The figure was  $236.2 million, which is two times higher than in the same period of

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The delegation headed by the Deputy Minister of Foreign Affairs of Turkmenistan Serdar Berdimuhamedov has paid a working visit to Geneva (Switzerland), the Turkmen Foreign Ministry said in a statement. Meetings were held with the Director General of the

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This week Russian Ministry of Foreign Affairs made their intentions clear that they will do everything they can to maintain the Iranian nuclear deal and defend Iran from sanctions. Russia claims that it will maintain economic and trade agreements

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The International Congress of Development of Exports from the Caspian Sea has kicked off in Sari, Mazandaran province, aimed at discussing challenges and opportunities facing exports from Iran’s northern ports. The two-day

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Iranian officials have repeatedly accused US of imposing illegal sanctions after pulling out from the Iran nuclear deal Iran has filed a complaint with the International Court of Justice (ICJ) to "hold [the] US accountable for

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A summit of the Caspian countries will discuss strengthening security amid a chaotic wider region, said a member of Russia’s State Duma Committee on International Affairs Sergey Zheleznyak. And the foreign minister of Kazakhstan, Kairat Abdrakhmanov, said the August

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After more than 20 years of debate between the governments of the five Caspian Sea littoral states over the status of what is the world’s largest lake, its legal status and how its

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MMK, one of Russia’s largest steel producers, has stopped deliveries to Iran against the backdrop of new sanctions Washington has promised to impose on Tehran. The announcement was made by Andrey Eremin, the company’s director for economics, in an

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Over the past several years, the share of local agricultural products in export has significantly increased. Azerbaijan exports its fruits and vegetables to Russia, Ukraine, Kazakhstan, Poland, Georgia, as well as some European counties such as Italy and Germany.

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