Baku, February 23, AZERTAC Following a ceremony of signing documents, President of the Republic of Azerbaijan Ilham Aliyev and President of the Islamic Republic of Iran Hassan Rouhani have made statements for the press. Statement by President Ilham Aliyev: -

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 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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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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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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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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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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TEHRAN, Jan. 30 (MNA) – Iran’s deputy-foreign minister and Turkmen foreign minister have urged extension of bilateral and regional cooperation. Ehrahim Rahimpour, Deputy-FM for Asian-Pacific and special envoy to Caspian Sea affairs met with Raşit Öwezgeldiýewiç Meredow

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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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BP Azerbaijan, which is the operator of the Shallow Water Absheron Peninsula (SWAP) Contract Area, has published the report on the Environmental and Socio-Economic Impact Assessment (ESIA) of the 3D seismic survey within the contract area. The 3D seismic

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By Huseyn Hasanov– Trend: A meeting of heads of railway and maritime offices of Turkmenistan, Azerbaijan, Kazakhstan, Iran and Georgia was held in Turkmenistan’s Avaza national tourist zone, a message of the Turkmen government said March 1. The issues on development of

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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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Moscow wants to ease customs procedures for Iranian agricultural products and speed up their delivery, according to Russian Deputy Agriculture Minister Sergey Levin. During a two-day visit to Iran he said the southern Russian ports of Makhachkala and Astrakhan on the

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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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By Farhad Daneshvar – Trend: Iran is capable of turning into a regional tourism hub in the near future, a Spanish envoy to Tehran believes. “Iran will turn into a regional tourism and economic destination,” IRNA news agency

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Aquatic Invasions in the Black, Caspian, and Mediterranean Seas The present volume contains the presentations of a NATO advanced Research Workshop (ARW) entitled “The invasion of the Black, Mediterranean and Caspian Seas by the American Ctenophore, Mnemiopsis leidyi Agassiz: a multidisciplinary

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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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With the break-up of the Soviet Union and the troubles prevalent in the Balkans there has been much renewed interest in the early history of Eastern Europe. Troubles have fuelled nationalist tendencies in the region and there has been much

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TBILISI – Thousands gathered in Georgia’s capital Tbilisi on Sunday to protest negotiations between the government and Russia's state-owned energy giant Gazprom. Linked arm-in-arm in a 7 kilometer-long human chain from the government’s headquarters to the Russian Embassy and chanting ‘No

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Speaking to IRNA on the sidelines of the 14th Annual Symposium on the Iranian Archaeology, underway at Iran National Museum in Tehran (March 6-8), Sauer provided a profile of his excavation work in Gorgan, north of Iran, in the

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Plans for a new Euro-Caspian pipeline will solidify the west's dependence on fossil fuels and authoritarian regimes. This new documentary shows why we should stop and think. “Of course we need a different energy model,” Alberto Santoro states emphatically. “It is

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Tehran, March 9, IRNA – FAO Representative to the Islamic Republic of Iran and to the Economic Cooperation Organization Serge Nakouzi on Wednesday acknowledged a contract with Japan International Cooperation Agency to revitalize Lake Orumiyeh. The plan

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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 4th Global Baku Forum titled 'Towards a Multipolar World' has started in Baku today. Its opening is attended by the Azerbaijani President Ilham Aliyev, Azerbaijan’s first lady Mehriban Aliyeva and the vice-president of the Heydar Aliyev Foundation,

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By Vagif Sharifov, Anakhanum Khidayatova – Trend: Trend Agency has had an exclusive interview with the President of Georgia Giorgi Margvelashvili, who earlier arrived in Baku, the capital of Azerbaijan, to take part in the Fourth Global Baku Forum. The interview with

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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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Turkey and Ukraine decided to cooperate in a number of fields, including politics, economy, education and tourism, during a three-hour Turkey-Ukraine High Level Strategic Council meeting which was chaired by President Recep Tayyip Erdoğan and his Ukrainian counterpart Petro Poroshenko

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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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Turkish Economy Minister Mustafa Elitas has said the Middle Corridor, a proposed transportation network extending from the Caspian Sea through Turkey and Azerbaijan to Central Asia and China, will boost economic recovery in the region, Anadolu agency reported. Addressing the 9th

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Baku - APA-Economics. Ali Hasanov, Azerbaijani president's aide for public and political affairs, has called on Japanese companies to join an initiative to transport gas from the Caspian Sea to Europe on a route that does not go through

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The Caspian Sea is situated on the border of Europe and Asia. It is bordered with the Russian Federation, Kazakhstan, Turkmenistan, Azerbaijan and Iran. The Caspian is the largest inland body of water in the world. Since the ancient

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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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Baku, AZERTAC One of the most significant events of the agricultural sector, Caspian and Black Sea Agrarian Congress will take place in Baku, on April 12-13. The all-Ukrainian public organization Ukrainian Grain Association and the information-analytical agency APK-Inform are the Congress organizers. Organizational

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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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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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Trend: Azerbaijan’s state oil company SOCAR will use a suite of Honeywell UOP technologies to modernize its oil refinery in Baku, to produce high-quality gasoline that meets stricter emission standards, Honeywell (HON) reported. Honeywell is a Fortune 100 diversified technology and manufacturing

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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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Middle Corridor, a proposed transport network extending from Caspian Sea to Central Asia and China, will boost trade, Turkish Economy Minister Elitas says World Bulletin / News Desk Turkish Economy Minister Mustafa Elitas has said the Middle Corridor,

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By Maksim Tsurkov – Trend: The Southern Gas Corridor project’s (SGC) net financial needs for operations and capex will be close to $8.4 billion in 2016-2019, said the message of the international ratings agency Fitch Ratings on March 17.

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By Azad Hasanli - Trend: Azerbaijan’s state oil company SOCAR and Zenith Aran Oil Company, a subsidiary of Canada’s Zenith Energy, signed March 16 an agreement on production sharing, restoration, development and exploration at the block that includes Muradkhanli, Jafarli and

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By Aynur Karimova The Southern Gas Corridor project, aiming to bring the Caspian gas to Europe, is one of the biggest construction projects of our time. This was announced by Vice-President of the European Commission for Energy Union, Maros Sefcovic at the

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Fitch says SGC’s capex to hit $8.4B until 2020 18 March 2016, 11:20 (GMT+04:00) <iframe

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By Huseyn Hasanov – Trend: Turkmenistan and the Czech Republic discussed the expansion of cooperation and the possibility of partnership in the fuel and energy industry, transportation and communications sectors, read a Turkmen government message, released March 18. These discussions took place

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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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Hoshang Tale, Ph D (Economics), Consultant Economist & Researcher Before Peter the Great (1682- 1752) played his political games in the Caspian region, this Sea was under the sole control of Iran and was known as the Sea of Mazandaran after

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Donald Trump, the Republican front-runner for the 2016 presidential nomination, said he favors better relations with Russia and the rest of the world. He also questioned the need to spend a “fortune” on NATO, advocating a non-interventionist foreign policy. Trump held

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The Early Temples and Monuments of the Alban People in Ancient Azerbaijan According to the information gleaned from numerous historical sources, the territories of ancient Azerbaijan, known as Caucasian Albania (not to be confused with the modern-day Albania in Europe) covered

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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 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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Iran using Asian help to revamp refineries Iran said on Friday that it is working with Asian investors and builders to revamp several of its key refineries. Abbas Kazemi, the managing director of the National Iranian Oil Refining and

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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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Alexander Cooley in his book, Great Games Local Rules, describes a new great game where the post-soviet states of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan take orders from Moscow, Washington, and Beijing. He describes this geopolitical concept as a

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Construction of a navigable channel linking the Caspian Sea and the Persian Gulf is underway. It is expected the project will be completed in the 2020s. The project is particularly interesting for Russia due to the cold spell with Turkey, but European and post-Soviet states

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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: 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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The Trans-Adriatic Pipeline, a part of the Azerbaijan-initiated giant Southern Gas Corridor, is not just a major investment for Greece, but also a significant geopolitical tool for this country. Such a remark was made by TAP's country Manager for Greece, Rikard

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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: Turkmennebitgazgurlushyk (“Turkmenneftegazstroy”) state concern has begun welding the pipes of the linear part of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline’s Turkmen section. More than 100 units of special equipment are being used within current work, a message released by Turkmen Oil and Gas

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Trend: Parliament of Turkmenistan approved and adopted the bill “On Trading Activity”, according to the Turkmen government’s message issued March 28. The bill was passed at a parliament meeting, during which the MPs stressed that systematic work on creation of goods surplus

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Trend: It is planned to hold the UN first World Conference on Sustainable Transport in Turkmenistan in late 2016, according to the message of the Turkmen government. Turkmen President Gurbanguly Berdimuhamedov signed a decree, according to which the staff of the organizing

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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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Trend: Documents on bilateral cooperation in the fields of construction, as well as the purchase and sale of agricultural and industrial equipment have been signed between companies and economic entities of Turkmenistan and Russia, the ministry of foreign affairs of Turkmenistan

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ran's ambitious project to build a 'trans-Iranian' canal from the Caspian Sea to the Persian Gulf will only be possible with Russia's help, says Bahram Amirahmadiyan, an expert on political geography at the University of Tehran. Over the weekend, media

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Iranian ambassador to Russia Mehdi Sanai said that Russian-Iranian regional and bilateral cooperation has been expanding in the past two years. MOSCOW (Sputnik) — Tehran and Moscow could implement a large number of economic and industrial projects this year, Iranian ambassador

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Trend: President of Turkmenistan Gurbanguly Berdimuhamedov and head of the Russian company ARETI Igor Makarov discussed possibilities of implementation of new mutually beneficial projects, the Turkmen government said in a message March 30. During the meeting, Makarov noted high interest of Russian

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Trend: Turkmenistan’s President Gurbanguly Berdimuhamedov has signed a decree to improve the rules of selling wool, carpets and hand-woven carpets abroad, said the message from the Turkmen government. The document was presented during the meeting of the Cabinet of Ministers, during which

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Iran will start issuing electronic visas for foreign tourists by the end of 2016, Masoud Soltanifar, Iran’s vice-president said. Soltanifar, who heads Iran’s Cultural Heritage, Handicrafts and Tourism Organization, added that Tehran also pursues the issue of mutual visa waiver with

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Earlier this week, Russian Deputy Foreign Minister Grigory Karasin confirmed plans of the Russian authorities to hold a trilateral meeting between the Russian Foreign Minister Sergey Lavrov, the Iranian Foreign Minister Mohammad Javad Zarif and the Azerbaijani Foreign Minister

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Trend: President of the Republic of Azerbaijan Ilham Aliyev has met with the United States Secretary of State John Kerry. Prior to the meeting they made remarks for the press. Welcoming the attendees, John Kerry said he

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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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Aspen Institute Romania organized Bucharest Forum-Keystone Projects initiative dovetails with Romania long term economic and territorial development strategy, centered on designing concrete measures and projects that support the capacity of urban centers to generate growth and competitiveness. Bucharest Forum / Keystone

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Ukraine’s much-touted alternative transit route to China bypassing Russia appears to be over even before began, economist Boris Shmelev told Radio Sputnik on Friday. The Illichivsk-China pilot container train launched by Ukraine as part of the so-called New Silk Road

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Now Armenians, Azerbaijanis and the wider world have been reminded that this conflict is a tinderbox that can still ignite to disastrous effect. The 1994 ceasefire has been shattered. The main victims amongst several dozen dead are the young conscripts

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Since writing last week about an impending drawdown in floating storage which would pressure Brent prices lower, front month Brent has fallen by -6.3% (USD -2.6/bbl). However this has had nothing to do with floating storage as the Bloomberg estimate

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Agreement Concerning Persia The Governments of Great Britain and Russia having mutually engaged to respect the integrity and independence of Persia, and sincerely desiring the preservation of order throughout that country and its peaceful develop ment, as well as the

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SOCAR, the state energy company of Azerbaijan attracts 200 million manats ($131.7 million) from the International Bank of Azerbaijan (IBA) for 2016. The funds that SOCAR will get is the next tranche of loans allocated for the drilling works in the

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Leading maritime exhibition offers gateway to maritime and offshore opportunities in Iran   Europort has become the official and exclusive international partner of IRANIMEX, the leading maritime & offshore exhibition in Iran. The agreement brings together the brand behind the

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Trend: As part of an official opening of the 4th international Caspian Energy Forum - 2016, to be held in Baku on Nov.30, 2016, Azerbaijani President and Chairman of the Caspian European Club (Caspian Business Club) Ilham Aliyev will be presented

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Trend: A communiqué has been issued on the results of the trilateral meeting of the Azerbaijani, Russian and Iranian foreign ministers in Baku Apr.7. The parties agreed to continue the further development of cooperation on the basis of mutual respect, partnership and

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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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Ukraine formally joins Trans-Caspian Int’l Transport Route Ukrainian Railways Company Ukrzaliznytsia is drafting a proposal for joining the project of transporting containers via Trans-Caspian International Transport Route connecting Europe with China via Azerbaijan and Kazakhstan. The company has been holding respective

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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's $10Bln Mega Canal Could be Game Changer in Global Trade Routes Russian experts comment on the prospects for the realization of Iran's ambitious 'trans-Iranian' canal, which would run from the Caspian Sea to the Persian

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Solve the Nagorno-Karabakh Conflict Before It Explodes For almost three decades, the most dangerous unresolved conflict in wider Europe has lain in the mountains of the South Caucasus, in a small territory known as Nagorno-Karabakh. In the

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Turkmenistan advancing on South Asian gas market Trend: Despite skepticism of some experts regarding the progress of construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, which dates back to 2010, the deal started rolling. The State Concern 'Turkmengaz',

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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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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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Iran, Kazakhstan to build joint shipping company The Islamic Republic of Iran and Kazakhstan have agreed on the establishment of a joint shipping company. Head of the Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Saeidi announced the news in

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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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Leader calls for ‘honest cooperation’ among Muslims to uproot terrorism Ayatollah Khamenei made the remarks in a meeting with Kazakh President Nursultan Nazarbayev late on Monday. “Certain powers, particularly America, are not honest and serious in their alleged fight against

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Russia, Azerbaijan agree to activate Russian-Azerbaijani Business Council visit of Prime Minister of the Russian Federation Dmitry Medvedev in Baku has led to a number of economic agreements. "We’ve agreed that we will intensify the work of the Russian-Azerbaijani Business Council

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Azerbaijan to take decisive measures towards army building Azerbaijan has set a goal to take decisive measures towards army building in 2016. Today, the Azerbaijani army is among the strongest armies in the world both for its material and technical equipment,

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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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Russia still most important partner for Turkmenistan, says president Russia remains the most important partner for Turkmenistan, Turkmen President Gurbanguly Berdimuhamedov said during the meeting with Alexander Zhilkin, governor of Russia's Astrakhan region, in Ashgabat, the Turkmen government reported. The president

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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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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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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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Armenia's Eurasian Dilemma Today in Armenia, which is an ally of Russia in the South Caucasus, the public, the expert community and various political forces are discussing the practicability of membership in organizations that are not able to

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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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Will the Caspian's status change the energy equation? Turkey is fast becoming the Caspian region's energy hub. For this reason, it needs to consider all the energy dynamics in the region. One of these energy dynamics is the Caspian Sea region.

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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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<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, ESCAP to expand co-op in transportation sphere Trend: Turkmenistan and the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) have discussed the expansion of cooperation in transportation sphere, said the message from Turkmenistan's Foreign Ministry. ESCAP is

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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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Jannati: Iran-Russia relations always growing Minister of Culture and the Islamic Guidance Ali Jannati said on Monday that Iran-Russia relations have always been growing and that the Iranian and Russian officials are determined to enhance level of

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Date of groundbreaking ceremony of railway bridge between Azerbaijan and Iran announced Groundbreaking ceremony of the railway bridge over Astara River will be held on April 21, head of Iran Railways company Mohsen Purseyid Agai told APA’s Tehran bureau. According

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Bilateral and three lateral agreements will not be effective until the five-sided agreement is signed - Deputy Minister of Foreign Affairs of the Islamic Republic of Iran Ebrahim Rahimpour An issue of transit and provision of assistance to

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Astana to host 13th Eurasian Media Forum Annual meeting of politicians, public figures and media representatives opens on April 20, 2016 in Astana, Caspian Energy News (www.caspianenergy.net) reports with reference to The Forum will discuss the most vexed

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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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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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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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Astara-Astara railroad to contribute to north-south corridor Iranian official has said railroad connecting Iran-Azerbaijan Republic would connect many countries in north and south of the famous trade corridor. Mahmoud Vaezi who was speaking in the ceremony in

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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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President Aliyev presents ‘Dostluq’ Order to Iranian minister Vaezi   President of the Republic of Azerbaijan Ilham Aliyev has received a delegation led by Minister of Information and Communications Technology of the Islamic Republic of Iran, co-chairman of Azerbaijan-Iran State Commission

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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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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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Russia: Resistance Is Futile, You Will Be Reabsorbed In mid-April an American destroyer in the Baltic was subjected to more than 30 acts of harassment by Russian Su-24 bombers. The Russian aircraft flew very low (less than a hundred meters)

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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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Iran, Russia to expand ties, cooperation in agro-food industries Activists in Iranian and Russian food and agricultural industries in Astrakhan have discussed ways of strengthening relations and cooperation in dairy, sweets and chocolate industries. The Iranian and Russian

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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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Caspian-Persian Gulf Channel Project under Consideration by Russia and Caspian States   By the end of 2016, Iran intends to begin construction of a navigable water channel of approximately 600 km in length that will link the

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Singapore to assist Baku in introducing new technologies in Free Trade Zone Baku International Sea Trade Port and Singapore’s SMRT International and Ectivise Solutions signed a memorandum of understanding on technical cooperation on April 25. The document, which was inked by

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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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Azerbaijan FM: "Unresolved conflicts provide fertile ground for violent extremism" Prolonged and unresolved conflicts tend to provide fertile ground for violent extremism, Azerbaijani Foreign Minister Elmar Mammadyarov said. Some international actors definitely had noble goals but wrong strategies, while others surely

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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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Time ripe for Iran-Russia trade: Official An Iranian parliamentarian says ground is apt for promoting trade between Iran and Russia.   Member

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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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Dubai: When Iran took delivery of the first parts of an advanced Russian air defence system this month, it paraded the anti-aircraft missile launchers sent by Moscow to mark Army Day. Tehran had cause to celebrate: the Kremlin`s decision

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Shipments from Asia to Europe can be moved three times faster through Trans-Caspian corridor By using the Trans-Caspian corridor, shipments from Asia to Europe can be moved three times faster in comparison to the maritime route, said Azerbaijani ambassador to

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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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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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Original celebration of Int'l Jazz Day in Azerbaijan The International Jazz Day was celebrated worldwide on April 30 bringing together internationally acclaimed Jazz musicians from all part of the Earth. The UNESCO organized annual event featured the historical, cultural, and educational

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Caspian Sea to become well-trodden route for cargo transportation to Central Asia   After political tensions between Turkey and Russia, a discount was imposed on Turkish trucks moving to the Central Asia through the Caspian Sea, Turkish Economic Minister

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Iran better to engage with West using structures consistent with its heritage, culture A British energy consultant warned that Western financial approach is either to attempt to gain ownership of Iran's sovereign resources or to place Iran into

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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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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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Iranian President Hassan Rouhani says Iran and Turkmenistan need to strengthen cooperation in a bid to help establish regional peace and stability and fight terrorism, extremism and drugs trafficking. “The Islamic Republic of Iran always stands by Turkmenistan’s nation and government

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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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A grand but faulty vision for Iran's water problems A grand vision of eliminating water scarcity looks attractive for tens of millions of people in the desert cities of central Iran worried about drought. Ambitious water transfer projects

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Turkmenistan and Iran seek wider cooperation TEHRAN (TCA) — Iran’s President Hassan Rouhani says Iran and Turkmenistan need to strengthen cooperation in establishing regional peace and stability and fighting terrorism, extremism and drugs trafficking, Iran’s PressTV news agency reported.

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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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Rouhani urges multilateralism in Caspian Sea Iran’s Hassan Rouhani has told Turkmenistan foreign minister multilateral cooperation of other countries along with Iran and Turkmenistan would improve regional stability. President Rouhani received Mr. Raşit Öwezgeldiýewiç Meredow, Turkmenistan’s Foreign Minister

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Iran-Turkmenistan daily truck traffic to soar Road minister has voiced Tehran’s readiness to provide grounds for promotion of daily truck traffic between Iran and Turkmenistan. Speaking at a meeting in Tehran with Turkmenistan’s Foreign Minister Raşit Öwezgeldiýewiç Meredow,

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Tatarstan interested in trade with Iran A Chamber of Commerce official of Tatarstan, a republic of Russian Federation has voiced the republic’s interest in trade with Iran. This official is the first deputy-head of the Chamber of

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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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Russia eases tariffs on Iranian products Russia is paying due attention to imports of commodities from Iran and have eased tariffs on Iranian products by 25%, an official said. Hassan Mortaji, the director of Iran-Russia

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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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Moscow eyes more economic ties with Tehran Iranian and Russian officials discussed the ways to develop bilateral economic ties in a meeting on the sideline of Iran’s industry exhibition in Moscow. “It is the best time

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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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Minister: Iran can replace Turkey as Russia's trade partner Iran can replace Turkey as Russia's trade partner, Iranian head of Iran-Russia joint economic commission Mahmoud Vaezi said on Saturday. Speaking in a meeting with East Azerbaijan businessmen, the

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Minister of Agricultural Jihad to visit Azerbaijan Republic Minister of Agricultural Jihad Mahmoud Hojjati is to depart for Azerbaijan Republic on Sunday on an official visit at the invitation of his Azeri counterpart Haydar Asadov. In addition to

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Former Dagestan Deputy Prime Minister Imprisoned Over Energy Scandal At the start of May, an unusual trial concluded in Dagestan. Regional authorities charged the republic’s former deputy prime minister, Magomedgusen Nasrutdinov, with fraud and sentenced him to five years in prison

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Azersu OJSC explains reasons for increase of water tariffs Azersu OJSC has commented on increase of water supply and sewerage tariffs. Head of Azersu’s press service Anar Jabrayilli told APA-Economics that the OJSC carried out a lot of works recent times

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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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Next Big Travel Destination: Iran? Global hotel companies are establishing new beachheads in Iran, betting that lifted sanctions against the Middle East nation will spark a jump in tourism and business travel after decades of economic isolation. Spanish operator Melia

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29th TIBF: ‘Stop Stalling, Start Reading!’ The 29th edition of Tehran International Book Fair with the slogan “Tomorrow Is Too Late to Read” ran from May 4 to 14, 2016 at the Shahr-e Aftab International Exhibition Complex. 

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Greek Pipeline Breakthrough To Challenge Russian Gas Dominance After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European

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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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Russia's Hyperloop Plans Are Shaping Up: "Russia Is Ready" he new space race is heating up as private companies like SpaceX and Blue Origin increase their footprint in industries once dominated by governmental agencies. But in the race to build the

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Russia’s Humanitarian Response to the Armenian Genocide Humanitarianism and the Refugee Crisis on the Caucasus Battlefront During World War I By Asya Darbinyan Introduction The front page of the June 30, 1916 issue of the Parisian newspaper “Excelsior” carried an illustration of

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Russia is building network of ties with disgruntled US allies in Asia Imperceptibly though, Russia is certainly on course to building a chain of positive relations, if not strategic alliances, in the region surrounding it. While the West and its strong

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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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Russia Builds 'Strategic Alliances' With US Partners in Asia Russia is steadily building positive ties, if not to say strategic alliances, with its Asian neighbors which are discontent with Washington’s policy, an article in Asia Times read. "While the West and its

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Port capacity set to outstrip trade growth   Several world regions including China, Western Europe and the Middle East seem to have planned much more container terminal capacity than needed for the coming decades.   A new

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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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Kazakh Delegation Attends Dialogue in Brussels, Connectivity Conference in Berlin The Kazakh delegation took an active part in the recent events convened in Brussels, Belgium and Berlin, Germany, where it promoted better dialogue with the European Union and connectivity projects on

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Iranian, Kazakh provinces opt for expansion of bilateral ties A Mazandaran provincial official said that the province is ready to expand trade ties with Kazakhstan. Deputy Caretaker of Mazandaran Governor's Office for Coordination of Economic and Development Affairs

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Iran bridge role for india and russia relation Iran’s President Rouhani and the Indian PM Modi have emphasized on boosting ties between the two countries. Speaking at a joint press conference with the visiting Indian Prime Minister Narendra

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Free trade zone to start working in Azerbaijan from 2017   Registration of residents of the free trade zone in the territory of Azerbaijan's Baku International Sea Trade Port will begin from January 2017, Taleh Ziyadov, director general of the port,

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Beware what you wish for: Russia is ready for war o foreign ministers from the 28 NATO member-nations met in Brussels for a two-day summit, while mighty military power Montenegro was inducted as a new member.

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Moscow urges boosting academic ties with Tehran Iranian and Russian academic teams can help each other in further development of technology and research studies through joint undertakings, deputy head of Russian Department for Science and Technology Park Nikolai Grachev said

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Ambassador: Iran, Russian presidents support enhanced relations Iran's Ambassador to Moscow Mehdi Sanaei said on Tuesday that presidents of Iran and Russia are determined to broaden all-out relations and cooperation between the two countries. He made the remarks

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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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Russia and NATO: The return of the Cold War model of confrontation RD Interview: Russia’s Ambassador to NATO, Alexander Grushko, explains why we should expect a worsening trend in Russia-NATO relations as long as European security is viewed in Cold

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Turkmenistan, Malaysia mull prospects for co-op The prospects for cooperation between Turkmenistan and Malaysia were discussed during a meeting between Turkmenistan's President Gurbanguly Berdimuhamedov and Malaysian ambassador Norman bin Muhammad, read a message from Turkmenistan's government May 25. During the meeting,

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Iran-Azeri ministers hope for completion of 'friendship railway'   Minister of Communications and Information Technology said on Thursday that construction of the railway linking Iran and Azerbaijan gain momentum and soon become operational. Mahmoud Vaezi, made the remarks

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Turkmenistan concerned over Caspian Sea ecological state Turkmen President Gurbanguly Berdimuhammedov, during his visit to Avaza tourist zone located in the east side of the Caspian Sea, mentioned that the environmental conditions of the Caspian Sea and protection of its

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Russian President Vladimir Putin Aims to Renew Ties During Visit to Greece In his first visit to a European Union member nation in six months, Russian President Vladimir Putin traveled to Greece on Friday to discuss energy and privatization

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ICD interested in rendering consulting services for free trade zone in Azerbaijan Islamic Corporation for the Development of the Private Sector (ICD) is interested in rendering consulting services within the framework of a free trade zone type special economic area

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China’s Chengdu-Lhasa Railway: Tibet and 'One Belt, One Road' A newly planned railway linking Tibet with central China will serve to provide stability for the Belt and Road. It is no secret that

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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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The New Great Game: the Caspian Sea There are two aspects of the New Great Game. The first aspect is to control hydrocarbon resources around the coasts of the Caspian Sea, and second is to grasp the transit of hydrocarbon

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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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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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Over 50 trains will pass Azerbaijan via TITR project in 2016 Roughly 53 container trains are expected to move along the Trans-Caspian International Transport Route (TITR) moving from China to Baku, Tbilisi and Istanbul in 2016, Askar Mamin, the head

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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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Iranian transport minister to embark for Ashgabat today Iranian Transport and Urban Development Minister Abbas Akhoundi, leading a high ranking politico-economic delegation, will leave Tehran for the Turkmen capital Ashgabat today. As Shana news agency quoted Iran’s ambassador to

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Zarif, Nalbandian highlight economic ties   Foreign Minister Javad Zarif has told his Armenian counterpart Iran would help solve Nagorno-Karabakh conflict with Republic of Azerbaijan. Mohammad Javad Zarif and Edward Nalbandian met and discussed bilateral and regional issues

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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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Formula One Prepares For First Race In Azerbaijan   On June 19, the Formula One circus will travel to Baku, a city in Azerbaijan situated on the shores of the Caspian Sea. Why? Because the government is paying Bernie Ecclestone a

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Culture of Azerbaijan’s southern region to be promoted in Baku   Azerbaijan’s Lankaran region, known for its diverse natural wealth, was presented in Baku on June 6 as part of the “From the regions to the capital” project. Organized by the Baku

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Terrorism aims to safeguard Zionists   SNSC Secretary Ali Shamkhani said terrorism is being advocated to destabilize the regions in order to enhance security of the Zionist regime. Armenian Minister of Foreign Affairs Edward Nalbandian met and talked

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WB reveals forecast for Turkmenistan’s GDP growth for next three years   Turkmenistan's GDP growth in the next three years (2016-2018) is forecasted at 5 percent, according to the Global Economic Prospects, June 2016 of the World Bank (WB). Turkmenistan's GDP growth

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How China’s Silk Road Will Transform Eurasian Infrastructure The scope of investments and further possibilities within the Chinese imitative of the New Silk Road is considered the largest in Eurasia. The project is more than just a group of new transportation corridors

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Greek Ministry of Environment and Energy ıssues ınstallation permit for TAP   The Greek Ministry of Environment and Energy has announced that it has granted Trans Adriatic Pipeline (TAP) its Installation Permit for Greece. Together with the Installation Act, secured

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Iran to attend St. Petersburg Intl. Economic Forum   High-ranking Iranian delegation led by Industry Minister will participate in the biggest international economic forum in Russia (SPIEF) with a focus on Iran’s plans for the post-sanction era. In

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“Iran, post-sanctions” seminar to be held in Petersburg   A ranking Iranian economic delegation is to attend a seminar in Petersburg, Russia, which will explore Iran’s special programs for the post-sanctions period. The meeting is to open in

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Iran at the Crossroads of The Eurasian Land-Bridge May 27—With the recent historic visit to Tehran of Indian Prime Minister Narendra Modi and Afghan President Ashraf Ghani, for the first time in nearly 40 years, Iran has the opportunity to resume

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Azerbaijan is knocking on Europe’s doors, and does so strongly Azerbaijan is enhancing its role in improving the energy security of Europe and strengthening its position in the European energy markets. Azerbaijan hosted the 23rd International Oil and Gas Exhibition titled

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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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Foreign company to assist in creation of Baku FTZ   A foreign company will be involved in the project on creation of a Free Trade Zone (FTZ) in the territory of the Baku International Sea Trade Port located in Azerbaijan's Alat

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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   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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Shifting Conflict and Security Dynamics in the Caucasus: The Role of Regional Powers By Neil J Melvin, Ekaterina Klimenko for Stockholm International Peace Research Institute (SIPRI) As Neil Melvin and Ekaterina Klimenko see it, the problem of Nagorno-Karabakh is arguably

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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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Azerbaijan – Oriental Express Hub?    With the first Mumbai-to-Moscow train scheduled to chug through Azerbaijan this August, railways seem set to become the new oil for the Caspian Sea nation.   Better known for a wealth of energy and

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Russia, Iran might soon implement projects for $40 bln — minister Russia and Iran mighy soon implement projects for $40 bln, Russian Energy Ministry Alexander Novak said on Thursday at the St. Petersburg International Economic Forum (SPIEF-2016). ‘Currently the total volume of

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Iran, Russia May Agree to Trade in Local Currencies 'Very Soon' Tehran and Moscow may reach an official agreement on carrying out transactions in national currencies "very soon," Hossein Yaghoubi Miab, the director general of the international affairs department of Iran's

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Iran wants to start joint aircraft production with Russia — minister Negotiations are under way for concluding a Sukhoi Superjet deal Iran wants to start joint aircraft production with Russia, Mohammad Reza Nematzadeh, Iran’s minister of industry, mines and trade, told journalists

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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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Turkey’s Caspian Sea remarks in no way mend ties with Russia: Moscow   Turkish officials’ pronouncements on the inadmissibility of making "a Russian lake" out of the Black Sea in no way promote normalization in bilateral relations, Russian Foreign Ministry Spokeswoman

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Tehran-Moscow trade value increases by 69%   Russian energy minister said Iran-Russia value of trade has increased this year compared to the same period in 2015. Russian Energy Minister Alexander Novak announced on Saturday that due to the

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‘Iran next to join emerging power SCO’   Iran is next to join the Shanghai Cooperation Organization (SCO) which will officially have India and Pakistan on its roster next week, Kazakh President Nursultan Nazarbayev has said.  Leaders of the regional security group,

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Iran-Russia Relations' Development Requires Closer Scientific Ties - Envoy Improvement of economic and political cooperation between Russia and Iran requires developing scientific ties between the two countries, Iranian Ambassador to Russia Mehdi Sanaei said Monday. MOSCOW (Sputnik) — Russia

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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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Iran in talks with China, Russia lenders on finance hub plan   Iran plans to set up a financial centre on the free zone at Qeshm island as it seeks to attract financial institutions to a market of

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TANAP and TAP to be discussed at NATO summit in Warsaw   Economics. Energy security issues will also be discussed at the Warsaw Summit of the North Atlantic Treaty Organization (NATO) to be held on July 8-9, said Michael Ruehle, head

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Tehran, Kiev after closer trade ties   Deputy industry minister, at a meeting with Ukraine’s ambassador to Iran, called for expansion of trade exchanges between Tehran and Kiev. Valiollah Afkhamirad, who heads Iran's Trade Promotion Organization (TPO), voiced

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Iran, Russia discuss easing visa requirements In talks on the sidelines of an international economic conference in St. Petersburg, Iran and Russia discussed easing visa requirements for Iranian and Russian tourists visiting the two countries. Saeed Shirkavand, the

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Indian journalist: Iran’s membership in SCO will enhance regional security   A senior Indian journalist believes that Iran’s full flagged membership in the Shanghai Cooperation Organization (SCO) will enhance the security and stability in the region. In an exclusive

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Iran's Shanghai Cooperation Organization inclusion to bolster strategic ties: Russian professor   Iran's membership in the Shanghai Cooperation Organization is going to make more strategic, ties between Tehran and Moscow, says an associate member of the Russian Academy of

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DP World considers further Kazakhstan investment in Silk Road push   DP World continued its search for investment opportunities along the China-Europe Silk Road with a meeting between the company’s chairman Sultan Ahmed Bin Sulayem and President of

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Turkey needs to reduce gas dependence from Russia   After the relations between Turkey and Russia worsened due to the incident with Russian SU-24 bomber in 2015, some say Turkey needs to decrease its reliance on Russian gas and diversify further

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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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Iran to send its trucks to Europe through Azerbaijan, not Turkey due to PKK threat   Iran is seeking alternative route to Turkey after PKK attacked its trucks in the east of Turkey. APA-Economics reports citing to

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Azerbaijan and Iran agree on further transport cooperation   Chairman of CJSC Azerbaijani Railways (ADY) Javid Gurbanov has received Ali Nurzad, Deputy Minister of Roads & Urban Development of Iran. ADY reports that in the course of the meeting the parties covered

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Hollande, Poroshenko insist on maintaining anti-Russia sanctions   French President Francois Hollande and his Ukrainian counterpart, Petro Poroshenko, insisted Tuesday on maintaining European sanctions against Russia, on the basis of Russia's non-compliance with the Minsk agreements. The remarks

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From Tatarstan to Persia and back: how descendants of a Tatar Sheikh turned out in Iran   Saga about a history of five generations of Magfuri-Bulgari's dynasty told by a ‘100% Tatar man’ from Iran A descendant of an ancient dynasty of

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Russia supports Iran’s SCO membership Russian officials have reiterated support for Iran’s membership in the Shanghai Cooperation Organization (SCO) and have emphasized that the process for Iran’s membership in the Organization need to be expedited.   Bakhtiyer Khakimov, Russia’s presidential

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Turkmenistan, China eye further co-op   Turkmenistan and China have confirmed their readiness to further enhance economic partnership in view of its enormous potential, national interests and a common vision for the future of the Asian region, the Turkmen government reported

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Iran Sends Commercial Attaché to Russia to Promote Bilateral Trade Head of the Trade Promotion Organization of Iran (TPO) Valiollah Afkhami Rad said the country’s commercial attaché has been stationed in the Russian capital to help boost economic relations

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Lawmaker says Russia wants Turkey to change approaches to Syria, Iraq Turkey’s President Recep Tayyip Erdogan has offered his apologies to Russian President Vladimir Putin for the death of the pilot of the downed Russian plane Chairman of the Federation Council’s

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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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As the fallout from the Brexit rattles financial markets around the world, one country geographically close to all the drama may be pleased with the United Kingdom's decision to leave the European Union.   Russian Press Secretary

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On June 29, the Parliament of the Republic of Kazakhstan approved the bill of “Ratification of the Protocol to the Agreement on Delimitation of the Bottom of the Northern Part of the Caspian Sea to Realize Sovereign Rights of Using

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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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Russian president urges Iran’s greater cooperation with Eurasia   Russian President Vladimir Putin for the second time in the current month has called for Iran’s cooperation with the Eurasia economic union in a bid to reach a common and

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Indian expert: Iran can play important role in economic stabilization of Afghanistan, SCO states A prominent Indian expert of Afghanistan and the Central Asian affairs believes that Iran can play an important role in the economic stabilization of not only

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Ukraine has presented Azerbaijan a draft agreement on creation of international transport corridor ‘Baltic sea-Black sea-Caspian sea’. Gennady Zubko, Ukraine’s Vice Prime Minister and Minister of regional development, construction, housing and communal services announced about this while addressing the 11th meeting

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Ukraine has sent the draft agreement on establishment of the Baltic Sea-Black Sea-Caspian Sea international transport corridor to the Azerbaijani side. Such was the statement of Hennadiy Zubko, Ukraine's Minister of Regional Development, Construction, Housing and Utilities Services he made at

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Russia and Turkey will “coordinate” their policies over Syria, the countries' foreign ministers said on Friday, in a major diplomatic realignment that could be a major blow for the Western goal of

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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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The European Union has formally agreed to extend its economic sanctions on Russia by six months until the end of January 2017, the European Council announced on Friday. The decision was long expected. It had been delayed until Friday because Italy

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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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Iran, Russia reach new banking agreement   Officials of Iranian and Russian central banks have reached an accord over launching broker relationships between Russia’s major banks and their Iranian counterparts. On the sidelines of the XXV International Financial

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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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TEHRAN (Tasnim) – Establishing direct banking relations between Tehran and Ashgabat is a priority for Iran in line with efforts to boost trade ties between the two countries, the Iranian commercial attaché to Turkmenistan said. Ramatollah Khormali said launching

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TEHRAN, Jul. 02 (MNA) – UNDP deputy representative in Tehran met with Iranian deputy labor minister calling for a new round of cooperation between the two sides. The ex-Deputy Resident Representative of UNDP in Iran Balasubramaniam Murali,

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Daimler says its trucks division will start the deliveries of Mitsubishi Fuso brand in Iran later this year.  The German carmaker and Iran’s Mammut Group signed a distribution agreement for Fuso trucks, especially in the light-duty segment, back in January as

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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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Pakistan, Azerbaijan call for resolution of Kashmir, Nagorno-Karabakh disputes Ambassador-designate of Azerbaijan to Pakistan calls on SAPM on Foreign Affairs Tariq Fatemi in Islamabad. The Ambassador-designate of Azerbaijan to Pakistan, Ali Alizada called on Special Assistant to the Prime Minister

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According to the order of Elmar Gasimov, Rector of Baku Higher Oil School (BHOS), the seminar on Renewable Energy: Challenges and Perspectives will be regularly held at BHOS with the purpose of disseminating contemporary knowledge on renewable energy engineering and

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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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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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The incident took place at the Bou-Ali-Sina Petrochemical plant. No causality has been reported officially, but some Iranian media outlets, including Mehr news agency, cited to local source that two people were killed. The financial loses are reportedly huge. Bou Ali Sina

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  Solar firms rushing into Iran’s nascent renewable energy market may face challenges due to lingering trade restrictions. In June, for example, the Financial Action Task Force (FATF), an international anti-money-laundering body, opted to keep Iran on a blacklist of high-risk territories,

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One of Azerbaijan’s top bankers has been jailed indefinitely as part of what appears to be an attempt by the ruling family to take control of the bank he led for many years. Jahangir Hajiyev, 54, isn’t a household name outside

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A week before the one-year anniversary of the Iran nuclear deal, the Republican-led House approved measures aimed at blocking U.S. companies from selling commercial passenger aircraft to Tehran. By voice vote Thursday, lawmakers passed two amendments directed at Chicago-based Boeing, which

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Kazakhstan’s Parliament Approved Changes into Joint North Caspian Sea Usage with Russia   On June 29, the Parliament of the Republic of Kazakhstan approved the bill of “Ratification of the Protocol to the Agreement on Delimitation of the Bottom of

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Russia considers Azerbaijan as important strategic partner for Russia in South Caucasus and Caspian Sea region, says FM   Azerbaijan is an important strategic partner for Russia in the South Caucasus and the Caspian Sea region, Russian Foreign Minister Sergei

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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 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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Why Iran Plays a Key Role in China's New Silk Road Project   Iran's geostrategic location has made it the key link in China's New Silk Road to Europe, while the Middle East has become one of Beijing's geopolitical

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Moscow confirms meeting of Russian, Azerbaijani, Iranian leaders — FM   The Russian side confirms the plans to hold a meeting of the leaders of Russia, Iran and Azerbaijan in the short run, Russian Foreign Minister Sergey Lavrov said on Tuesday at

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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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DP World chief Sultan bin Sulayem on growth in India, Iran and prospects around the world   The ports operator DP World says that it remains ­positive on the medium- and long-term outlook for the

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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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Iranian scholars to attend int'l conference in Russia   The 5th International Conference on Modern Research in Management, Economics and Accounting is to be held in the presence of the father of management science of Iran Mahdi Alvani and Professor

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railroad from Russia to Iran   The ambitious North-South Transport Corridor can allow us easy access to a vast region, boosting trade and diplomacy   The commencement of operations on the International North-South Transport Corridor project — connecting Bandar Abbas

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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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The beginning of a Russian-Iranian alliance   There are a number of economic and geopolitical reasons why Russia could be looking for a broader alliance with Iran, the most important of which is the desire to check U.S. influence in the

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Transgaz, Azeri state company SOCAR sign memorandum of understanding   Transgaz has signed a memorandum of agreement with The State Oil Company

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Iran to hold intl. management conf. in St. Petersburg   Iran’s 5th Intl. Conference on Innovative Research in Management, Economics and Accounting will be held in St. Petersburg, Russia, on July 28. With the successful holding of four editions

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Iran’s communication minister to visit Russia next week   Iran’s Minister of Communication and IT Mahmoud Vaezi will pay a visit to Russia next week, the Iranian embassy in Moscow said on Wednesday. "An economic delegation led by Vaezi will visit Astrakhan and

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Iran fairly criticizing US, EU on nuclear deal: Russian diplomat   A senior Russian diplomat says it is “fair” for Iran to reproach the West for dragging its feet in fulfilling its part of last year’s nuclear deal amid Tehran’s

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Kazakhstan's first special forces ship enters service   Kazakhstan has launched its first modernized special forces ship for the country's naval forces, the ministry of defense announced. Built domestically, the ship will guard against underwater sabotage in port security operations,

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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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BP Tries to Regain Footing as It Recovers From Spill   Company aims to show growth but some aren’t sure it is primed for success BP PLC is under pressure from investors and analysts

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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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Iran’s IT minister leaves Tehran for Russia on Tue.   Iran’s Minister of Communications and Information Technology Mahmoud Vaezi left Tehran for Moscow on Tuesday. Heading an economic delegation, Vaezi is slated to attend Russian-Iranian joint trade and economic

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Dismal delivery puts big oil and gas energy projects at risk   Oil companies have tens of thousands of employees, tens of billions of dollars in reserves, and decades of experience in running large investment projects. Yet time and again big oil companies

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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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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, China to explore new areas of cooperation despite challenges   China and Iran are set to expand their relations into areas that were previously blocked due to Western sanctions. While Iran is wooing China into buying its oil and gas, China sees

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EBRD Considers TAP Funding   The European Bank for Reconstruction and Development (EBRD) has confirmed that it started talks to provide direct financing of €500mn and attract €1bn from banks for the Trans Adriatic Pipeline (TAP), which will bring Azeri gas from

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Iran, Russia want broader ICT cooperation   Iran and Russia have called for stronger measures to promote cooperation in the area of telecommunications and cyberspace. This was expressed in a meeting between Iran’s Minister of Communications and Information Technology Mahmoud

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Iran, Russia resolved to up ties in post-JCPOA era: Minister   Iran and Russia are resolute in improving bilateral relations following the implementation of last July’s nuclear agreement between Tehran and the P5+1 group of countries, Iranian Minister of Communications and

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Iran, Russia discuss creation of satellite, free trade zone   Russian companies are interested in the Iranian market, said Russia’s Energy Minister and Co-chair of the Russia-Iran Intergovernmental Commission on Trade and Economic Cooperation Alexander Novak. Novak made the remarks during the

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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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Russia lands first major deal with Iran post sanctions - report   Russian state company Rostec has reached a €1 billion deal with Iran to build a 1.4 gigawatt power station, Kommersant daily reports. Rostec is the first

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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 ambassador: Iran’s missile tests did not violate UN resolution   The Russian Ambassador to Tehran has rejected the claim that Iran’s missile tests were not consistent with the spirit of the United Nations Security Council Resolution 2231. In an

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Leaders of Russia, Iran, Azerbaijan to discuss North-South transport project on August 8 The project will be a great contribution to developing inter-regional cooperation, says the Azerbaijani Foreign Ministry The presidents of Russia, Azerbaijan and Iran - Vladimir Putin, Ilham Aliev

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Kazakhstan-Ukraine Trade Crashes   143 train cars, blocked at the Ukraine-Russia border, explain why. In the first eight months of 2016, 143 train cars laden with goods destined primarily for Kazakhstan, but also Kyrgyzstan, were stopped at the Russian-Ukrainian

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Iran, Azerbaijan Call for Broadening of Ties   Iranian Minister of Communications and Information Technology Mahmoud Vaezi and Azeri President Ilham Aliyev in a meeting in Baku underlined the need for the further expansion of mutual cooperation between the two

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From Caspian Sea to Central Asia: Russia, Iran Mull Joint War Games   Russia and Iran have agreed to hold joint military exercises, the newspaper Izvestia wrote, citing Defense Minister Sergei Shoigu who had earlier met with General Vali Madani,

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Russian-Iranian cooperation in the pharmaceuticals sector is on the upswing. Recently, Petrovax Pharm, a leading Russian pharmaceuticals innovator, signed a deal with Iranian counterpart Arvin Biopharma LTD on the production of its influenza vaccine inside Iran. The Iranian

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Presidents of Azerbaijan, Iran, Russia to Discuss North-South Project in Baku Azeri, Iranian and Russian leaders will meet in Baku on August 8 to discuss the International North–South Transport Corridor, Russian President Vladimir Putin said. The presidents

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Putin: Russian-Iranian co-op has already become strategic   Establishing a free trade zone between the Eurasian Economic Union (EAEU) and Iran can give a strong impetus to expanding bilateral trade and investment, Russian President Vladimir Putin said in an

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Putin praises prospects of Russia-Azerbaijan transit traffic capacities   The Russian leader welcomes consolidation of Iran's and Azerbaijan's railway infrastructure under the International North-South Transport Corridor. The integration of Iranian and Azerbaijani railroads within the north-south transport corridor opens up new

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Iran, Russia, Azerbaijan presidents to attend summit in Baku   Iranian President Hassan Rouhani plans to take part in a summit with his Russian and Azeri counterparts in Baku, Azerbaijan, says Rouhani's deputy chief of staff for communications and information. Heading a high-ranking delegation, Rouhani

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Week Ahead Political Diary: Erdogan to meet Putin for talks     Turkey’s president Recep Tayyip Erdogan and Russian president Vladimir Putin will hold talks

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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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SOCAR Interested in Cooperation With Iran, Russia in Caspian Sea Azerbaijan's SOCAR energy company seeks cooperation with Russia and Iran, Azeri President Ilham Aliyev said. The State Oil Company of Azerbaijan Republic (SOCAR) is interested in cooperation

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Cooperation of Russia, Turkey and Iran 'Would Help to Resolve Syrian Crisis'   At the meeting on August 9 in St. Petersburg, Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan will discuss ways to resolve the ongoing

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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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Putin indicates Russia wants Iran in EEU   Russia says it wants Iran to join a regional economic alliance of Eurasian countries in which it is a leader – a move that could bring the two countries closer in their

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Baku Summit to Enrich Persian Gulf With Caspian Sea Resources   Leaders of Russia, Iran and Azerbaijan met in the Azerbaijani capital of Baku to intensify their cooperation in the energy field. Political expert Sajjad Tayeri said

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Shipyard in south Russia to lay out first cruise liner in post-Soviet time The construction of the cruise liner is expected to be completed in 2019. The vessel was ordered by the Moscow River Shipping Company The Lotos shipyard in

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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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Putin: Trade, economic relations with Turkey to be discussed in autumn   Trade and economic relations with Turkey will be discussed in the autumn, Russian President Vladimir Putin said at a joint press conference following the meeting with his Turkish counterpart

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Russia searches for pragmatic solutions in the Caucasus   Russian President Vladimir Putin has put into play a reinvigorated diplomatic approach to resolving the longstanding crises involving the troubled states of the Caucasus. Over the past week, Russian diplomacy has refocused its

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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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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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CECO would benefit all Caspian littoral states   Iran’s President Hassan Rouhani has taken key steps toward the establishment of Caspian Economic Cooperation Organization. Iran has been experiencing tense relations with some of her southern neighbors, especially with

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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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Iranian-Russian defense coop. ‘not unexpected’   Adviser to the Leader of the Islamic Revolution has said Russian and Iranian military cooperation which is defensive should not provoke shock and awe in the international community as an unexpected development.

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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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The Latest: Russia fires cruise missiles into Syria from sea   The Russian military says two of its ships have launched cruise missiles at targets in Syria from the eastern Mediterranean Sea. Russia’s Defense Ministry says the Serpukhov and the Zeleny Dol corvettes

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Russia-Azerbaijan-Iran: New format for long-term partnership   On August 8, 2016 a trilateral meeting between the presidents of Russia, Azerbaijan and Iran took place in Baku. A joint declaration was adopted to underline and affirm intent

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Azerbaijan Courts Russia and Iran   Analysis The balance in the Caucasus is changing. With Iran emerging from the malaise of sanctions, it is reaching north and becoming more

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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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 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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Russia Helicopters in talks with Iran over sales of 60 choppers   One of Russia’s biggest aviation companies says it has entered talks with Iran over the sales of 60 light multirole helicopters. "Russian Helicopters is in talks to supply Ansat and

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Lawmaker Confirms Iran Received S-300 Air Defense Systems From Russia   The chairman of the Iranian parliamentary committee on foreign policy and national security confirmed Wednesday that Iran had received S-300 air defense systems from Russia.   On Saturday, Iranian Defense Minister Hossein

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Azerbaijan to enhance its role in forming energy corridors   The Southern Gas Corridor (SGC) project will enhance Azerbaijan’s role in forming eastern and western energy corridors. Deputy Energy Minister Natig Abbasov made the remarks at the first Eurasian Conference

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SOCAR reveals date of first gas production at "Absheron"   It is planned to produce first gas from the Absheron gas condensate field in 2019, First Vice-President of the Azerbaijani state oil company SOCAR Khoshbakht Yusifzade said. He made the remarks at

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Baku-Tbilisi-Kars railway to encourage development of TITR   "The anticipated construction of the Baku-Tbilisi-Kars railway next year will undoubtedly give further impetus to the development of the Trans-Caspian International Transport Route (TITR)." The due statement came from the Vice President of Kazakhstan Railways

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ADB approves $240m loan to Kazakhstan’s transport sector   By Elena Kosolapova – Trend: The Asian Development Bank (ADB) approved a $240.3 million loan to help Kazakhstan modernize its transport system, the bank said on Aug. 29. Improved transport connectivity will help

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Foreign oil firms seek Caspian Sea exploratory contracts   Norwegian, British and Dutch companies have asked for permission to study Iran's oil and gas reserves in the Caspian Sea, a deputy at the National Iranian Oil Company said on Monday.

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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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Militarisation from Asia-Pacific to MENA   Today, the top of priority US foreign policy is the challenge of Chinese phenomenal rise in economics, trade, science, technology, military, paramilitary, cultural and geopolitical strength. But incredible worries start creeping in

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Iran, Italy to coop. on Tehran-Chalus highway   Deputy road minister has announced Iran’s collaboration with an Italian company for the architectural design of Tehran-Chalus highway. Speaking at a meeting with representatives of the Italian company responsible for

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Russia, Iran sign MoU on banking coop.   Iran and Russia on Thu. signed an MoU in the fields of banking cooperation, anti-money laundering, countering the financing of terrorism, and development of settlements in national currencies in bilateral trade.

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Challenges and Prospects of International Transport Routes Discussed in Aktau   The Caspian and Black seas regions international conference, designed to address efficient logistics in the countries with the participation of Caspian and Black sea regions representatives, took place Aug. 24-25 in

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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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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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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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The rapprochement between Russia and Turkey keeps Europe dependent on Russian natural gas   After Russian-Turkish relationship aggravation and TurkStream idea termination Europe started to look for alternative solutions for getting natural gas. American liquid natural gas by tankers and the

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Russian delegation confirmed at the WIBC 2016   The 23rd World Islamic Banking Conference (WIBC) will welcome a delegation from the Central Bank of Russia, headed by Mr. Alexander P. Torshin, State Secretary - Deputy Governor. The Russian

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Russia Backs OPEC Deal With Wild Card for Iran’s Output   The latest chapter in the oil production freeze chatter saw Russia and Saudi Arabia issuing remarks about a possible deal, but while the Saudi foreign minister said that positions

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Russia, Iran Concerned Over Deterioration of Situation in Afghanistan   Russia and Iran plan to continue discussions over the deteriorating situation in Afghanistan, the Russian Foreign Ministry’s representative for Afghanistan said Thursday. MOSCOW (Sputnik) – Zamir Kabulov said Moscow and Tehran

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Turkmenistan discussing Caspian Sea agreements   Another meeting of the Turkmen Interdepartmental Commission on the Caspian Sea was held in Ashgabat, the Turkmen government said Sept. 6. According to the message, the draft agreements on trade and economic cooperation among the Caspian-littoral

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Eurasian security: from Baku to Moscow and beyond   A series of meetings in August between the leaders of the most influential states in the South Caucasus could have broad implications for the entire region. On Aug. 8, Russian President Vladimir

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Cuba to seek oil imports from Russia, Iran   Cuba is looking to Russia and Iran to make up for dwindling oil supplies from close ally Venezuela. The island is keen to replenish oil supplies as it works to revive foreign tourism

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DP World to help Azerbaijan develop FTZ   DP World is to advise the government of Azerbaijan and Port of Baku on developing the country's Alyat Free Trade Zone (FTZ). The agreement was signed

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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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Iran central part of Silk Road   Austrian President of International Institute for Peace (IIP) has said Chinese effort to revive classical Silk Road is unlikely to incite animosity from European countries. Payman Yazdani of Mehr News International

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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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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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Treasuring and preserving our shared natural heritage   Our long term well-being depends on protecting the air we breathe, the water we drink, and the biodiversity we share. This common natural heritage binds together the United States, Azerbaijan, and countries around

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Russian-Iranian bank may ditch the US dollar   Moscow and Tehran are actively working on opening a joint bank with plans to carry out operations in national currencies, according to the former president of the Russia-Iran Friendship Society

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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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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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Pentagon’s Plan to Spy on Russia, Iran is a 'Signal of a Decline in US Hegemony'   The United States Congress Subcommittee on Middle East and North Africa will consider the Iran-Russia Cooperation Reporting Act. Sponsor of the bill Republican Mike Pompeo wants

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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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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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Iran and Russia strengthen humanitarian cooperation   Yesterday in New York on the sidelines of the 71st session of the UN General Assembly a meeting was held at ministerial level of the Joint Commission of the Joint Comprehensive Action Plan (JCAP)

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New Hotel and Tourism Investment Conference for Iran   Iran, the 18th largest economy in the world, will host the first Iran Hotel and Tourism Investment Conference (IHTIC), a top-level gathering of international investors, owners, operators, developers and government officials. In addition to

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Russia, Saudi Arabia and Iran are meeting to discuss oil this week – and this is why it matters   If you have low expectations you won’t be disappointed – not a bad way to approach life, as well as economics.

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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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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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North-South Transport Corridor to Benefit Azerbaijan, Russia, Iran The INSTC project is beneficial for all parties included, head of Azerbaijan Railways Javid Gurbanov said Monday. The International North-South Transport Corridor (INSTC) project is beneficial for Azerbaijan, Russia and Iran, head of Azerbaijan

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Baku. Agshin Rafigoglu – APA-Economics. Turkmenistan’s capital Ashgabat hosted discussions on transportation of Caspian gas to Europe. The meeting was attended by heads of oil and gas corporations of Azerbaijan, Turkmenistan, Kazakhstan and Turkey, as well as Maroš

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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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The new Turkish military attaché to Azerbaijan, Brigadier General Zafer Ocak was introduced to Azerbaijan’s Defense Minister Zakir Hasanov on November 1. The Defense Ministry reported that Ocak, who replaced Ihsan Basbozkurt in this position, was introduced by

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IIKSS- Azerbaijan and the United Kingdom will discuss energy cooperation during UK Prime Minister’s Trade Envoy to Azerbaijan, Turkmenistan and Kazakhstan Baroness Nicholson’s visit to Azerbaijan on November 28–December 1. The UK Embassy in Baku told Trend that

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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 place was literally and figuratively a crossroads. It wasn’t just the point where north-south highways and rail lines met their east-west compliments but the turning point of an entire nation going in a new direction. Extending

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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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IIKSS- India has carved a new geopolitical beginning in the Persian Gulf region putting Chabahar in the grand canvas of India’s geo-economic calculus in the emerging Asian architecture. She has kept her American partnership vibrant while opening a

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IIKSS- Russia is “a large and important neighbor of the EU,” and it’s necessary for the bloc to hold a “correct and pragmatic” dialogue with Moscow, Italian Foreign Minister Paolo Gentiloni said while on a visit to the

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IIKSS- Tehran is hoping to sign new agreements with Russian energy companies by mid-December, Iran's Deputy Oil Minister Amir Zamaninia said Thursday. "We hope that by the second half of December, we are ready to sign

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IIKSS - Russia will again supply gas this year to a freezing Ukrainian border town. Its own authorities have so far failed to solve the supply problem, leaving the homes of most of its 25,000 residents without heating

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