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Legal Status of Caspian Sea Legal Issues

 Legal Status of Caspian Sea Introduction The Caspian Sea is the biggest enclosed body of water on Earth, having an even larger area than that of the American Great Lakes or that of Lake Victoria in East Africa. The length of the

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Caspian Sea Region: Legal Issues Legal Issues

CASPIAN SEA ISSUES Questions surrounding the legal status of the Caspian Sea have hindered--but not stopped--further development of the Sea's mineral resources. Since the fall of the Soviet Union in 1991 led to the independence of three new countries

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Extracting anti-cancer drugs from sea cucumbers Ecosystem

TEHRAN, Jan. 05 (MNA) – Head of Aquatics’ Knowledge, Industry and Market Coordination Association said the project of extracting anti liver cancer medicines from sea cucumbers is currently underway at Shahid Beheshti University. Abasali Matlabi maintained that

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UK supporting implementation of Southern Gas Corridor Energy

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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Azerbaijan won’t increase oil output Energy

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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TransCaspian 2016 scheduled for May Investment

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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Russian interest in East Med and Cyprus gas Energy

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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Terms of bond issuance for Southern Gas Corridor defined Energy

By Anvar Mammadov – Trend: Azerbaijan's Southern Gas Corridor Company has released initial price thoughts for a ten-year bond at seven percent yield area, Global Capital agency reported. Depending on market conditions, the SGC's bond offering under the state guarantee is forecasted

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Turkmenistan aims to diversify fuel & energy industry Energy

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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Turkmenistan eyes developing fuel and energy complex Energy

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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Oil in the Caspian Region Energy

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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Tethys Petroleum incurs huge losses in 2015 Energy

Trend: The losses of the Tethys Petroleum Limited in 2015 stood at $74.6 million as compared to $16.4 million in 2014, said the company in a message posted on its website March 31. Tethys Petroleum Limited is an oil and gas exploration

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China Gets Winning Formula For Silk Road Railway Investment

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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Fishing for vital company knowledge Fishing

Fishing for vital company knowledge   Large building projects are delayed by all sorts of issues — money, employees who lack the right skills, public sentiment. But sometimes it is fish spawn, or great-crested newts. The deliverer of such bad news might

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Turkmenistan starts drilling another well at Galkynysh field Energy

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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Caspian Sea littoral states eye economic cooperation Investment

Caspian Sea littoral states eye economic cooperation Trend: Deputy foreign ministers of the Caspian Sea littoral states have discussed expansion of economic cooperation at a meeting in Baku, an Iranian deputy foreign minister said. The Islamic Republic of Iran believes in the

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Iran, Kazakhstan ink power deal Energy

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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Russia to build 2 tankers for Azerbaijan Investment

Russia to build 2 tankers for Azerbaijan Russia's Krasnoye Sormovo Shipyard, a subsidiary of the United Shipbuilding Corporation, and Azerbaijan's Caspian Marine Services Ltd. signed a contract for building and delivery of two RST27 tankers, said Krasnoye Sormovo Shipyard on its

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Int'l Caspian Oil&Gas; Expo scheduled for June Energy

Int'l Caspian Oil&Gas Expo scheduled for June Caspian Oil&Gas 2016, the 23rd international exhibition and conference, the largest energy sector event in the Caspian region, will take place from 1-4 June 2016 at Baku Expo Center. As a recognised international platform

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SGC to save Turkey from gas dependence on Russia Energy

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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Azerbaijan invites U.S. companies to Baku-based FTZ Investment

Azerbaijan invites U.S. companies to Baku-based FTZ Azerbaijan has invited the U.S. Agency for International Development and other organizations to participate in the establishment of a free trade zone in the Alat settlement of Baku. Azerbaijan's Economy and Industry Minister Shahin

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BP, its partners invest in Azerbaijan Energy

BP, its partners invest almost $60B in Azerbaijan Trend: The British BP company together with its partners on development of the Azeri-Chirag-Guneshli and Shah Deniz oil and gas fields invested in Azerbaijan over $58 billion over the period of more than 20-year

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Gazprom and ENI to step up cooperation Energy

Gazprom and ENI to step up cooperation Following the success of the Blue Stream project, ''cooperation between Gazprom and ENI will be increased further'', Russian energy minister Aleksander Novak told ANSA in an exclusive interview. ''A series of documents

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ECO-Caspian energy transition through gas Energy

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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Master of its domains Investment

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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The International Stage – Connected Energy Energy

<header class="article-header entry-header"> The International Stage – Connected Energy </header>   Greece—and DEPA—are at the heart of major initiatives to increase energy security in Greece and hence the European Union. At the same time, Greece is securing its role

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Turkmenistan, Italy studying joint projects Energy

Turkmenistan, Italy studying joint projects Trend: Turkmenistan and Italy have great opportunities to diversify the cooperation and implement joint projects in various spheres, says the Turkmen President Gurbanguly Berdimuhamedov. He made the remarks during a meeting of the Cabinet of Ministers, read

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U.S. calls for strong economic ties with Azerbaijan Investment

U.S. calls for strong economic ties with Azerbaijan The U.S. State Department has voiced the necessity to strengthen the economic ties between Baku and Washington. "We discussed the issues related to trade, finances, agriculture, combating corruption," Kurt Tong, the Principal Deputy

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S&P affirms ratings of Kazakh KazTransOil pipeline operator Energy

S&P affirms ratings of Kazakh KazTransOil pipeline operator Trend: Standard & Poor's Ratings Services affirmed its 'BB' long-term corporate credit rating on Kazakhstan-based oil pipeline operator KazTransOil (KTO), the rating agency reported. The outlook is negative, according to the agency. The affirmation reflects

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First TAP pipes arrive in Albania Energy

First TAP pipes arrive in Albania The Trans Adriatic Pipeline AG (TAP) announced the arrival of the first steel line pipes and machinery for the construction of the Albanian section of the pipeline. The occasion was marked by a ceremony in

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Karabakh conflict discussed in Tokyo Political and military events

Karabakh conflict discussed in Tokyo The Armenia-Azerbaijan Nagorno-Karabakh conflict, as well as further developments of cooperation between Azerbaijan and Japan was high on the agenda of the annual meeting of the Inter-parliamentary Friendship League. Addressing the event, Gursel Ismayilzade, Azerbaijan’s Ambassador

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Iran-Azerbaijan trade turnover up Investment

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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Azerbaijan's nimble gas plans Energy

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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Azerbaijan may discover additional gas condensate reserves Energy

Azerbaijan may discover additional gas condensate reserves   Azerbaijan has all opportunities for discovering additional gas condensate reserves at its fields in the Caspian Sea, said Natig Aliyev, Azerbaijani energy minister. The minister made the remarks Apr. 25 at the SOCAR International

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BP with partners invest $58B in Azerbaijan Energy

BP with partners invest $58B in Azerbaijan The British BP company and partners have invested $58 billion in Azerbaijan's projects over the period of its activity. The statement came from Bakhtiyar Aslanbayli, BP's regional vice president, said Apr. 25, Trend reports. He

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Empty Gazpromises Energy

Empty Gazpromises Much of the debate concerning the Nord Stream II pipeline centres on whether the project should be seen as a commercial undertaking, or as an effort to lock in Gazprom’s dominance in Europe and deal a blow to Ukraine. The

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US, EU support Southern Gas Corridor Energy

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 Investment

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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Gazprom executives to visit Tehran Energy

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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Southern Gas Corridor to attract about 7B dollar Energy

Southern Gas Corridor to attract about $7B The Southern Gas Corridor project, designed to supply Caspian gas to Europe, intends to attract investments worth $7 billion. The remark was made by Rovnag Abdullayev, President of Azerbaijan's state-owned energy company SOCAR on

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Turkmenistan looking to Belarus as a transit partner Investment

Turkmenistan looking to Belarus as a transit partner Turkmenistan views Belarus as a promising partner in a large-scale transit project, Turkmenistan President Gurbanguly Berdymukhammedov told reporters after his talks with Belarus President Alexander Lukashenko in Minsk on May 11, BelTA

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Socar and Uzbekneftegaz join forces in Uzbekistan Energy

Socar and Uzbekneftegaz join forces in Uzbekistan   Socar and Uzbekneftegaz join forces in Uzbekistan Azerbaijan state-run energy company Socar has signed a memorandum for cooperation and joint activity with its Uzbek counterpart Uzbekneftegaz, the national holding company. The two entities have agreed to

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Baku to the future Political and military events

Baku to the future   NEXT month around two dozen Formula One racecars will speed through the gleaming centre of Baku, the capital of Azerbaijan. They will zoom along the shore of the oil-rich Caspian Sea, past five-star hotels and

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Azerbaijan and China: Greater integration Investment

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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EBRD Mulls SGC Loan Energy

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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ARETI shows interest in further cooperation with Turkmenistan Investment

ARETI shows interest in further cooperation with Turkmenistan   ARETI International Group of companies is interested in joining projects implemented in different spheres of Turkmenistan’s economy. During his meeting with President Gurbanguly Berdimuhamedov, Chairman of the ARETI International Group of Companies Igor

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In Iran, Modi projects Vajpayee’s vision Investment

In Iran, Modi projects Vajpayee’s vision The quantum leap for Indian diplomacy that was the Chabahar agreement, was seeded by NDA1 and nurtured by NDA2, while the two UPA administrations in between failed to make much progress The recent agreement between

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Caspian Overview: China Eyes Growth in Azerbaijan Energy

Caspian Overview: China Eyes Growth in Azerbaijan   China has held negotiations with Azerbaijan’s state oil company (Socar) over a $17bn downstream project twice in the last two months, this time leading to a memorandum of understanding. China National Petroleum Corp (CNPC) has

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Georgia Plans for Energy Overhaul Energy

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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Azerbaijan realizes profitable railway projects Investment

Azerbaijan realizes profitable railway projects   Azerbaijan and Iran are considering three options for financing construction of the Rasht-Astara (Iran) railway section, Head of Azerbaijan Railways CJSC Javid Gurbanov said while talking to ANS TV channel. Being a part of the North-South

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In Iran, Modi projects Vajpayee’s vision Investment

In Iran, Modi projects Vajpayee’s vision   The recent agreement between Iran, Afghanistan and India to build the Chabahar port on the Iranian coast and link it with the existing rail and road network and related industrial corridor into

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Iran, Russia to ramp up nano cooperation Investment

Iran, Russia to ramp up nano cooperation   INIC head Saeid Sarkar said Sun. Iran and Russia reached agreement on 16 cases for nano cooperation in the 3rd Iran-Russia High Commission on Nanotechnology Cooperation held in Moscow earlier this

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Port Of Call Investment

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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Iran, Russia in talks over electricity exchange Energy

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 Energy

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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Kazakhstan to resume oil production on Kashagan field Energy

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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India and SCO Political and military events

India and SCO India Has More Hoops to Jump for SCO Membership   “I convey our deep sense of gratitude to the members of the SCO for accepting India as a full member,” Prime Minister Narendra Modi told leaders of the Shanghai

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SOCAR-KBR Llc head assigned Energy

Baku, Fineko/abc.az. Alp Togay Kurum, a citizen of Turkey, has been appointed general director of Azerbaijani-American joint venture SOCAR-KBR Llc within the start of JV’s commitments on the management of the project of reconstruction of the Baku Oil Refinery n.a.

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Barter Enables Iran-Turkmenistan Gas Trade Energy

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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Iran, Turkmenistan to launch banking ties Investment

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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Iran, Turkmenistan to launch banking ties Investment

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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Saipem and Topaz secure Caspian contracts Energy

Saipem and Topaz secure Caspian contracts   Vessel owners have secured a series of contracts and charters to support offshore projects in Azerbaijan and Kazakhstan. A Saipem-led consortium received another contract from BP for the Shah Deniz Stage 2 project. Saipem will

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China’s New Silk Road Has Beijing Looking West Investment

China’s New Silk Road Has Beijing Looking West Beijing is becoming increasingly aware that although China has become an economic giant, it risks being connected with the world only through trade. To expand its international influence, China needs new political concepts

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Caspian Energy Grid – London Launch Energy

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 science

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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Caspian Overview: BP's Caspian Gas Energy

Caspian Overview: BP's Caspian Gas   Azerbaijan produced about 9.363bn m³ of commercial gas in the first half of this year, down 8.8% year-on-year, of which BP-operated fields counted 71.6%, a top energy official told NGE. BP is the operator of the Caspian Sea’s

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Russian industrial giant seals deal with Iran Investment

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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Russia may supply components for Iranian satellites science

Russia may supply components for Iranian satellites   Components for Iranian satellites may be produced by Russia’s Roscosmos space corporation, said Russian Communications Minister Nikolai Nikiforov after meeting with Iranian counterpart Mahmoud Vaezi in Moscow. “Iran shows a great

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Gazprom Eyes Iranian LNG, Turkish Stream Energy

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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Turkmenistan, France strengthening co-op Political and military events

Turkmenistan, France strengthening co-op   Turkmenistan’s Foreign Minister Rashid Meredov met with France’s extraordinary and plenipotentiary ambassador Patrick Pascal, said the message from Turkmenistan’s Foreign Ministry. Pascal is completing his diplomatic mission in Turkmenistan. During the meeting, the parties expressed intention to further

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Russian, Iranian nuclear officials hold talks science

Russian, Iranian nuclear officials hold talks    Nikolai Spassky, Rosatom’s deputy head, and Iranian nuclear chief Ali Akbar Salehi on Wednesday discussed ways to accelerate implementation of joint nuclear projects in Iran, including construction of new nuclear power plants

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Iran, Russia map out rival to Suez Canal Investment

Iran, Russia map out rival to Suez Canal   The International North-South Transport Corridor (NSTC), a multi-model route to link India and the Middle East to the Caucasus, Central Asia and Europe, is being nurtured for significantly reducing costs and travel time

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Russian shipyard to cooperate with Azerbaijan Investment

Russian shipyard to cooperate with Azerbaijan   Russian shipyard Red Sormovo, which is a member of a group of companies "Sea and oil & gas projects" (MNP group), intends to expand partnership with Azerbaijan. Representatives of the MNP group management took part in

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Iran sees good co-op opportunities with Russia's Lukoil: minister Energy

Iran sees good co-op opportunities with Russia's Lukoil: minister   Tehran sees the possibility of signing a cooperation agreement with Lukoil, according to Iranian Communications and Information Technology Minister Mahmoud Vaezi. "Oil and gas cooperation with various companies is progressing. After the lifting of sanctions [against Iran], there are good possibilities for Lukoil and

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August 12 marks Day of Caspian Sea cultural

August 12 marks Day of Caspian Sea   August 12 marks the Day of the Caspian Sea, the largest land-locked body of water on earth. The Framework Convention for the Protection of the Marine Environment of the Caspian Sea, also known as

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Mastercards now available in Iran Investment

Mastercards now available in Iran   Iran’s ICT Minister Mahmoud Vaezi has announced that MasterCard’s international credit cards are now available inside the country. Speaking during a ceremony to inaugurate infrastructure projects of Iran Post, Iranian Minister of

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Kazak president to visit Baku Political and military events

Kazak president to visit Baku   Kazakh President Nursultan Nazarbayev will visit Azerbaijan, Serbia, Armenia and a number of other countries in 2016. Kazakh Foreign Minister Erlan Idrissov announced about this at a briefing on August 17, RIA Novosti reported. In June, Idrissov

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Russia holds tender for Iran power plant job Energy

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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Iran ready to swap oil with Russia Energy

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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TAP: plus 700 line pipes reach Alexandroupoli port Energy

TAP: 700+ line pipes reach Alexandroupoli port   700+ line pipes to be used for the construction of TAP`s section in Greece have reached the port of Alexandroupoli, Azertac reported, The Trans Adriatic Pipeline (TAP) will transport Caspian natural gas to Europe. Connecting

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Iran, Russia ink 1 billion dollar oil rig deal Energy

Iran, Russia ink 1 billion dollar oil rig deal   Russian shipbuilder Krasnye Barrikady and an Iranian company have signed a deal worth $1 billion to build five offshore drilling rigs for oil and gas exploration in the Persian Gulf.  The deal

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Socar Joins New Adriatic Pipe Project Energy

Socar Joins New Adriatic Pipe Project   Four western Balkans nations signed a memorandum of understanding with Azerbaijan state Socar on co-operation on building the Ionian Adriatic pipeline (IAP) on the sidelines of a Dubrovnik forum 25-26 August. The

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Bumi Q2 earnings decline Energy

Bumi Q2 earnings decline   Malaysian FPSO player Bumi Armada reported 12.2% lower revenue of RM402.9 million and net loss of RM518.3 million in Q2 2016 due to lower income from its floating production storage and offloading (FPSO), and floating gas

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China, Kazakhstan eye implementation of joint projects Investment

China, Kazakhstan eye implementation of joint projects   China and Kazakhstan, the two strategic partners, are planning to implement some 51 joint projects in different spheres of Kazakhstan’s economy, Kazakh President Nursultan Nazarbayev announced about this following his working visit to

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IFC considers funding Southern Gas Corridor project Energy

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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Kazakhstan offers SOCAR to take part in Eurasia project Energy

Kazakhstan offers SOCAR to take part in Eurasia project   Kazakhstan offers Azerbaijan’s state oil company SOCAR to consider the possibility of participation in the international Eurasia project, according to the protocol of the 13th session of the Kazakhstan-Azerbaijan intergovernmental commission

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Azerbaijan, BP to continue realizing joint projects Energy

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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Dagestan Invites Iranian Investors Investment

IIKSS- Head of the Republic of Dagestan Ramazan Abdulatipov highlighted the ample opportunities for investment available in the North Caucasus region, calling on Iranian businesses to participate in projects in the Caspian region. In a meeting with

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Development of alternative energy in Kazakhstan Energy

IIKSS - Kazakhstan develops alternative energy, actively applying new technologies which allow rational use of natural resources. For instance, the first wind farm is successfully operating in Akmola region. Since the launch, the farm generated 193 million kilowatts

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The participants of international forum, organized by the Ministry of Foreign Affairs of Turkmenistan, highly estimate creative character of neutral status of our country Political and military events

IIKSS - International theoretical and practical conference “The Neutrality of Turkmenistan and International Practice: New Achievements of Cooperation for Stable Development” was held in the conference hall of the Institute of International Relations of the Ministry of Foreign

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Baku, Astana mull legal status of Caspian Sea Legal Issues

IIKSS - Azerbaijan and Kazakhstan have held consultations on the legal status of the Caspian Sea in Baku. Deputy Foreign Minister Khalaf Khalafov represented Azerbaijan, while ambassador-at-large at the Foreign Ministry Zulfiya Amanzholova attended the consultations on behalf

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French author visits Azerbaijan`s Parliament cultural

IIKSS - French author Gerard Cardon, who plans to write a book about Azerbaijani women, has today met Deputy Speaker of Azerbaijan`s Parliament, chairperson of the parliamentary committee on human rights Bahar Muradova. Bahar Muradova hailed development of

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Iran, Germany ink transportation deals Investment

IIKSS - Iran, Germany ink transportation dealsThe agreements were signed by Iranian Minister of Road and Urban Development Abbas Akhoundi and German Minister of Transportation Alexander Dobrindt here in Tehran. They also agreed to form a work group

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Turkmenistan seeks expanded trade ties with Iran Investment

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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Work on TAPI pipeline begins in Pakistan Energy

IIKSS- After being in the works for the past 22 years, the multibillion-dollar Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project got under way on Friday. The pipeline will serve as an energy corridor between Central and South Asia. The inaugural

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Transcasipan cargo logistics Investment

IIKSS- Over the recent years, the Caspian Sea Basin of Russia has been showing a downward cargo transshipment trend while the throughput of other basins is permanently growing. The weakness of transcaspian logistics is in its customs administration,

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China’s strategy in the Caucasus Investment

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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China Opens New Rail Link With Iran Investment

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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Oil, gas production up in Kazakhstan Energy

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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