Iran, Azerbaijan to launch oil coop. in Caspian Sea Energy
TEHRAN, Feb. 23 (MNA) – Oil minister said President Rouhani today will officially propose a new plan for oil and gas cooperation in the Caspian Sea to his Azerbaijani counterpart. In time with today’s visit of Azerbaijani
Fresh oil explorations in Caspian Sea Energy
TEHRAN, Jun. 24 (MNA) – A trilateral agreement has returned exploration teams of the Oil Ministry to Caspian Sea blocks. The first oil field in Caspian Sea deep waters was discovered four years ago;
Presidents of Azerbaijan and Iran made statements for the press Political and military events
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: -
Legal Status of Caspian Sea Legal Issues
Legal Status of Caspian Sea Introduction The Caspian Sea is the biggest enclosed body of water on Earth, having an even larger area than that of the American Great Lakes or that of Lake Victoria in East Africa. The length of the
International Law and Concers of the Caspian Sea Region Legal Issues
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,
Caspian Sea Region: Legal Issues Legal Issues
CASPIAN SEA ISSUES Questions surrounding the legal status of the Caspian Sea have hindered--but not stopped--further development of the Sea's mineral resources. Since the fall of the Soviet Union in 1991 led to the independence of three new countries
Is the Caspian Sea a sea; and why does it matter? Legal Issues
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
Iran prepared for oil swap in Caspian Sea Energy
TEHRAN, Feb. 10 (MNA) – An official of Iranian Oil Terminals Company (IOTC) has said operation of new oil storage facilities will improve Iran’s oil swap capacity. Hamid Reza Shahdoust who was talking to reporters on Wednesday
Turkmenistan connects oil output growth with Caspian Sea Energy
Ashgabat, Turkmenistan, Feb. 19 By Huseyn Hasanov– Trend: Turkmenneft State Concern starts implementation of plans on the development of the Turkmen sector of the Caspian Sea, Turkmen Oil and Gas Ministry said. Turkmenistan’s sea resources are estimated at 12 billion tons of oil
SOCAR commissions gas well in Caspian Sea Energy
By Maksim Tsurkov – Trend: SOCAR (State Oil Company of the Republic of Azerbaijan) will additionally produce around 32.85 mcm of gas and 5,480 tons of condensate annually by commissioning a well at the Guneshli offshore field after overhaul, the company
Heavy: Caspian Turtles Are Polluted by Toxic Lead, Mercury and Cadmium Ecosystem
Two and a half years ago Iran sent out a pretty serious warning to the people living along the Caspian Sea: don’t swim or bathe in its waters. The sea, officials said, is heavily polluted with crude oil
ExxonMobil Closes Azerbaijan Office Linked To Caspian Sea Project Energy
ExxonMobil Corp. (NYSE: XOM) has closed one of its offices in Azerbaijan, the country's tax ministry said on Feb. 17, the result of a delayed oil project. The office was linked to an oil production project on
Call for establishing Caspian energy network Energy
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
Turkmenistan discussing TAPI pipeline construction pace Energy
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
Turkmenistan to export Caspian shelf’s oil and gas, expert says Energy
Turkmenistan, an energy-rich Central Asian nation with abundant oil and gas reserves, intends to realize its plans on developing huge hydrocarbon resources in its own sector of the Caspian Sea. Turkmenistan’s state concern Turkmenoil will deal with implementing the development of
BP to select areas for drilling in shallow waters of Caspian Sea Energy
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
New oil well commissioned at oldest field in Caspian Sea Energy
By Maksim Tsurkov - Trend: Azerbaijani State Oil Company (SOCAR) will produce nearly 11,000 tons of oil and over 5.8 million cubic meters (mcm) of gas annually by putting into operation a new well on Oil Rocks offshore field,
Southern Gas Corridor vital for EU’s energy strategy – Mogherini Energy
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
Swiss firms ready to buy Iran’s petchems: Official Energy
Tehran, Feb 29, IRNA – Director General for Europe, America and Caspian Sea Neighbors in the Ministry of Petroleum Hossein Esmaeili said that Swiss companies are interested in buying petrochemical products from Iran. Following a meeting with a visiting
Dubai’s Topaz lands BP contract for 14 vessels in Caspian Sea Investment
Topaz Energy and Marine has signed a contract with BP to provide 14 offshore support vessels to support projects in Azerbaijan. Dubai-based Topaz, which is a subsidiary of Oman’s Renaissance Services, said that the deal would cover a five-year period, plus
Dubai’s Topaz lands BP contract for 14 vessels in Caspian Sea Investment
Topaz Energy and Marine has signed a contract with BP to provide 14 offshore support vessels to support projects in Azerbaijan. Dubai-based Topaz, which is a subsidiary of Oman’s Renaissance Services, said that the deal would cover a five-year period, plus
Russian Monthly Oil Output Edges Off Record Amid Freeze Talk Energy
Russian crude and condensate output edged lower in February from a record the previous month amid talks with Saudi Arabia and other exporters about a production freeze. Oil production fell 0.2 percent to 10.885 million barrels a day from January, according to
Turkey's State Oil Company Preps for IPO Once Oil Rebounds Energy
Turkey’s state oil company will press ahead with plans for an initial public offering as soon as next year, but only if oil prices return to at least $60 a barrel from near $30 now, Chief Executive Officer Besim Sisman
Azerbaijan won’t increase oil output Energy
Trend: Azerbaijan intends to keep the oil production in 2016 at the 2015 level, head of the State Oil Company of Azerbaijan (SOCAR), Rovnag Abdullayev said in an interview with ANS TV channel. He noted that the projects for increasing the production
Turkmenistan starts gas transportation via East-West pipeline Energy
Huseyn Hasanov – Trend: Turkmenistan’s Ahal province has started to receive natural gas transported via the recently commissioned East-West gas pipeline, said a message from Turkmenistan’s Oil and Gas Ministry. The pipeline’s length is 733 kilometers, while its capacity is 30 billion
Kyiv, Tehran mull Iranian oil transportation through Ukraine Energy
Trend: Kyiv and Tehran are discussing the possibility of supplying oil from Iran through Ukraine, as well as oil refining at Ukrainian enterprises, RIA Novosti quoted Ukraine’s deputy Prime Minister Gennadiy Zubko as saying March 7. “We are interested in diversification of
Azerbaijan, Iran enjoy potential to be key gas suppliers to Europe, expert says Energy
/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
Baku: Oriental fairy tale breathing history Tourism
By Amina Nazarli Baku is one of the most fantastic places in the world, located at the meeting-point of Europe and Asia. Few cities in the world are changing as quickly as Baku and nowhere else in Eurasia,
Future Outlook Of Military Cooperation Between Iran And Russia – Analysis Political and military events
By Hossein Kebriaeezadeh* Any assessment of military cooperation between Iran and Russia would be meaningless outside the general framework of the two countries’ relations. Therefore, study of the two countries’ relations and approaches to each other will shed more light on
Anti-Russian Protest Held in Tbilisi Over Proposed Gazprom Deal Political and military events
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
Walking the line Energy
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
Once more on the Trans-Caspian Gas Pipeline Energy
Diplomatic attention has intensified on the project of the Trans-Caspian Gas Pipeline (TCGP) while both obstacles to and incentives for its realization increase. Turkmenistan's commitment to the project may be inferred from the finally completed construction of its East-West Pipeline
Malaysia's Reach Energy Acquires 60% Stake in Kazakhstan Block for $155M Energy
Malaysia's Reach Energy Berhad entered into a tripartite conditional Sale and Purchase Agreement March 5 with Palaeontol Cooperatief U.A. and MIE Holdings Corp. to acquire a 60 percent stake in Palaeontol B.V., the company announced Monday on local exhange Bursa
SOFAZ announces investment volume for new rig construction Energy
By Maksim Tsurkov - Trend: Some $696.1 million has been allocated since the beginning of construction to finance the construction of a new generation drilling rig in Azerbaijan, the State Oil Fund of Azerbaijan (SOFAZ) told Trend. "Some $287.6 million has been
US company extends loan agreement in Azerbaijan Investment
By Maksim Tsurkov – Trend: The US company Greenfields Petroleum for the third time has prolonged the loan agreement on the allocation of funds to develop the Bahar-Gum Deniz block of Azerbaijani oil and gas fields in the Caspian Sea and
Georgian FM: No need to buy more gas from Gazprom Energy
Trend: The Georgian government aims at ensuring stable and uninterrupted gas supply, Mikheil Janelidze, Georgian foreign minister, said. Janelidze made this statement following the negotiations and the agreement with SOCAR (State Oil Company of Azerbaijan). The gas supply was problematic after the recent
Turkmenistan reveals recent developments in East-West, TAPI pipelines Energy
By Aynur Karimova Turkmenistan, which ranks sixth for its natural gas reserves of 265 trillion cubic feet, has started supplying gas to its Ahal province via the recently commissioned East-West gas pipeline. Turkmen Oil and Gas and Natural
Greenfields Petroleum extends loan agreement for Azerbaijani oil project Energy
By Gulgiz Dadashova Greenfields Petroleum Corporation, engaged in development and production of proven oil and gas reserves mainly in Azerbaijan has announced about prolonging the loan agreement stipulating funding of the development of the Bahar-Gum Deniz block of Azerbaijani
Russia’s TMK Eyes Supplying Pipes to Iran Oil, Gas Industry Energy
A senior official with TMK, Russia’s largest manufacturer of steel pipes for the oil and gas industry, said Wednesday the company is in talks to supply Iran’s oil and gas sector with pipes. “We have a program underway to
Azerbaijan’s gas reserves enough to fill Southern Gas Corridor, energy minister says Energy
By Maksim Tsurkov – Trend: Azerbaijan’s gas reserves are quite enough to fill Southern Gas Corridor (SGC), Natiq Aliyev, Azerbaijani energy minister, said in an interview with Natural Gas Europe. He said that the project is designed to export Shah Deniz gas
Azerbaijan’s SOCAR reviving Iran deals Energy
Azerbaijan’s state oil firm SOCAR says it is looking to revive trade with Iran as the two neighbors are strengthening relations after the lifting of sanctions on the Islamic Republic. Azeri President Ilham Aliyev arrived in Tehran on Tuesday to
How Hydrocarbons Are Changing the Caspian Sea Political and military events
The security architecture of the Caspian Sea, the largest enclosed inland body of water in the world, may soon change. Of all the states that border the sea — Russia, Iran, Azerbaijan, Turkmenistan and Kazakhstan — Russia has the
Five littoral states discuss Caspian Sea legal status, still far from solutions Legal Issues
Azerbaijan, Russia, Kazakhstan, Turkmenistan and Iran, which are the five Caspian littoral states, have convened in Ashkhabad, Turkmenistan from January 27-29 to talk about the legal status of the sea. The Caspian Sea has been a cause
Azerbaijan, Qatar keen on further developing political, economic ties Political and military events
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
4th Global Forum in Baku opens Political and military events
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,
BP to stop two platforms in Caspian Sea for scheduled maintenance in 2016 Energy
By Maksim Tsurkov – Trend: The BP company, an operator of the Azeri-Chirag-Guneshli (ACG) block of oil and gas field development, plans to suspend two platforms for scheduled maintenance work in 2016, Regional President for Azerbaijan, Georgia and Turkey at BP
President Margvelashvili: Georgia-Azerbaijan partnership determining many other countries’ future (interview) Political and military events
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
The Political Consequences Of Iran And Azerbaijan’s Energy Agreements Political and military events
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,
Keppel FELS to deliver fifth accommodation vessel to Floatel Energy
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) is on track to deliver a fifth high-specification accommodation semisubmersible (semi) to Floatel International Ltd (Floatel) on time, on budget and with a perfect safety record.
Kazakhstan taking 100 steps toward a new nation Political and military events
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
KazMunaiGas crashes prepayment party to improve debt profile Energy
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
Gazprom connects South Corridor to Blue Stream to increase gas exports to Turkey Energy
Russian natural gas giant Gazprom connected the Pisarevka-Anapa gas pipeline, which lies on Russian soil and was constructed as part of the abandoned South Stream Project, to the existing Blue Stream pipeline to increase exports to Turkey. Russian news agency Sputnik
Denholm Oilfield Services Reports Caspian & Middle East Success Energy
Denholm Oilfield Services has secured contracts worth $110 million in the Caspian and Middle East region in the last 12 months. The company, which has held a presence in key locations such as Kazakhstan during the past two decades, is benefiting
Challenges and opportunities for managing the Caspian Hyrcanian Forests Environment
Farnaz Heidari TEHRAN — Human-induced warming of the climate is expected to continue throughout the 21st century and beyond. Our climate is influenced significantly by changes in atmospheric
THE HISTORY OF THE CASPIAN SEA History
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
THE LEGAL REGIME OF THE CASPIAN SEA: VIEWS OF THE LITTORAL STATES Legal Issues
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
Oil output freeze meeting: Iran’s participation not vital Energy
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
Iran, Russia eye oil & gas swap Energy
By Khalid Kazimov – Trend: Iran and Russia are capable of swapping oil and gas, says Iranian Oil Minister Bijan Namdar Zanganeh. At a meeting with Russian Energy Minister Alexander Novak in Tehran, Zanganeh said that expansion of cooperation with Russia is
Turkmenistan to increase production of high-octane gasoline Energy
By Huseyn Hasanov– Trend: With commissioning alkylation units and isomerization at Turkmenbashi Complex of Oil Refineries (TCOR), it will be possible to produce additional 480,000 tons of high-octane gasoline (А-92, А-95 and А-98) per year, said the message from Turkmenistan’s Oil
SOCAR selects Honeywell UOP Technology to modernize its Baku Oil Refinery Energy
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
Greenfields Petroleum to buy out share in Bahar Energy Ltd. Energy
By Gulgiz Dadashova Greenfields Petroleum Corporation, engaged in development and production of proven oil and gas reserves mainly in Azerbaijan, has inked a deal to purchase a 66-percent stake in the Bahar Energy Limited Operating Company, a source in the country’s
Efforts continue to finish TANAP gas pipeline earlier than expected date, Erdoğan says Energy
President Erdoğan and his Azerbaijani counterpart Aliyev met at the fifth Azerbaijan-Turkey High Strategic Cooperation Council, where Erdoğan announced that the works for the construction of the TANAP are progressing as planned The fifth Azerbaijan-Turkey High Strategic Cooperation Council
SOCAR inks deal with Canada’s Zenith Energy Energy
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
Search underway for missing oil workers Investment
The search for the oil workers, who went missing in the Caspian Sea, continues in Azerbaijan, the country’s ministry of emergency situations said on March 18. The oil workers went missing in an accident on the platform No. 10 of Azerbaijan’s
Turkmen oil refineries' complex to up LPG output Energy
By Aynur Karimova The Turkmen Ministry of Oil and Gas and Natural Resources has revealed the Turkmenbashi Complex of Oil Refineries' liquefied gas production plans for 2016. The ministry reported on March 18 that the complex will produce 340,000 tons of LPG
Fitch says SGC’s capex to hit $8.4B until 2020 Energy
Fitch says SGC’s capex to hit $8.4B until 2020 18 March 2016, 11:20 (GMT+04:00) <iframe
Increasing oil export duty from Russia necessary measure – expert Energy
By Anakhanum Khidayatova – Trend: Increase of export duty on oil from Russia is a forced measure explained by prolonged sanctions of the West against the Russian Federation, a consultant for the Expert Council of the Union of Russian Oil and
Kazakhstan not to buy the shares of BG Group in KPO consortium Energy
Karachaganak field is controlled by a group of investors, which, in addition to the BG Group, include ENI (29,25%), Chevron (18%), LUKoil (13.5%) and KazMunaiGas (10%). Kazakhstan will not opt to purchase shares of BG Group in the Karachaganak Petroleum Operating
Russian interest in East Med and Cyprus gas Energy
In a week that saw Russia pulling some of its armed forces out of Syria and signs of increasing cooperation between Russia and the US in the region, it is important to examine Russian interest in energy, and particularly gas,
Transportation Of Compressed Natural Gas Across Caspian Sea: Pros And Cons – Analysis Energy
By Prof. Dr. Rovshan Ibrahimov* Dr. Vassilios Sitaras recently published a policy brief for CCEE titled “Transporting Gas Across the Caspian: A New Option”, proposing an alternative method for delivering natural gas from Turkmenistan across the Caspian Sea to Azerbaijan and
Topaz Energy and Marine Financial Results for the year ended 31 December 2015 Energy
Dubai, UAE - Topaz Energy and Marine, a leading offshore support vessel company, today announces its results for the year ended 31 December 2015 (in the following referred to as "the period"). Business Highlights · Net Profit for the period was US$
Innovative power management solution links five oil rigs from single source Energy
Siemens UK & Ireland has helped develop an innovative and integrated power management system based upon its SIMATIC PCS 7 platform, which has been specified for use on a collection of five oil rigs situated in the Caspian Sea. Extreme operating
Liebherr to deliver crane for Lukoil's Caspian Sea operations Energy
ROSTOCK, Germany -- Liebherr-Russland and Lukoil-Nizhnevolzhskneft have signed a new contract for the delivery of a Liebherr RL 1500-30 EX Litronic offshore crane, which is to start operations on a satellite platform at Ju. Korchagin oil and gas-condensate field in
Iran, Total sign agreement on iranian oil field on the caspian sea Energy
Iran and France's Total have signed a non-disclosure agreement (NDA) on giant South Azadegan oil field, Iran's Oil Minister Bijan Namdar Zanganeh told Mehr News Agency. According to the signed agreement, Total is allowed to study the giant oil field to
Iran in talks to buy shares of oil refinery in Spain Energy
By Emil Ilgar – Trend: Iran is in talks to purchase the shares of an oil refinery or build a new refinery in Spain, Abbas Kazemi, the managing director of National Iranian Oil Refining and Distribution Company (NIORDC) told Shana. He didn't
Azerbaijan pardons jailed activists in amnesty Political and military events
Nearly 150 political activists and rights campaigners have been released in Azerbaijan as the government of President Ilham Aliyev attempts to deflect international criticism of its human rights record. The dissidents were pardoned on Thursday as part of an amnesty
Iran exported 14mn barrels of oil to Europe since mid-Jan Energy
Iran exported 14mn barrels of oil to Europe since mid-Jan. Iran says it has exported 14 million barrels of oil to Europe ever since the sanctions against the country were lifted in mid-January. Iran’s Oil Ministry has announced in
Iran invited to Doha oil freeze talks Energy
Iran invited to Doha oil freeze talks Qatar’s media said on Wednesday that the country has invited Iran to join talks over implementing a proposed oil production freeze to help stabilize prices. Qatar’s Ministry of Energy and Industry has
Iran announces major jump in oil exports Energy
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
P&I provides larger liability support for Iran oil imports Energy
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
Iran using Asian help to revamp refineries Energy
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
Floating Between Continents in a Ghost Ship Tourism
Trapped in limbo on the Caspian Sea, a watery link on the modern Silk Road. by Paul Salopek Paul Salopek is walking the global trail of the first humans who migrated out of Africa in the Stone Age.
“Controlled Chaos” as an Instrument of Geopolitical Warfare and “Color Revolutions” Political and military events
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
Is This The Most Intricate Oil Theft Operation Yet? Energy
While Georgia has been caught up recently in a major pipeline competition, with Russia, Azerbaijan and Iran all making a play for the action in this small, strategically located energy-transit hub, some men in the central Georgian village of Ruisi
Great Gains or Great Game?: Global Engagement across Central Asia Political and military events
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
Turkmenistan, Russia eye to create joint ventures in various spheres Investment
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,
Kazakhstan Economic Overview: Great Steppe under Blue Skies Investment
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
Topaz reports 63% decline in 2015 profit Energy
Profit at Topaz Energy and Marine dropped by 63 per cent last year, as it suffered from the oil price-driven industry slump. The Dubai-headquartered shipping company, which is a wholly owned subsidiary of Muscat-listed Renaissance Services, yesterday reported a drop of
Caspian Offshore Construction (COC) - Offshore Marine Support Services Investment
Caspian Offshore Construction (COC) is a world-class marine company, supporting oil and gas (O&G) offshore exploration, development and production activities for more than ten years. Core services include offshore safety standby, firefighting, supply, ice breaking and ice management, towing, offshore accommodation,
Litre Meter supplies CFF flowmeters to Shah Deniz fields Energy
UK flowmeter specialist Litre Meter has supplied a large range of its popular VFF flowmeters for the Shah Deniz gas fields located in the Caspian Sea off Azerbaijan. The orders called for various specifications of meter, which were configured and
A Secure and Stable Caspian Sea Is in America’s Interest Political and military events
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
Iran-Russia gas swap awaits Moscow’s decision Energy
Trend: Iran, Russia gas swap remains as an idea at the moment, however Tehran is prepared for that, Hamid Reza Araqi, Iran’s deputy oil minister said. Iran and Russia’s Gazprom have held various talks on the issue in recent months, but no
Iran urges Pakistan to expedite gas pipeline construction Energy
President Hassan Rouhani said Iran has laid the pipeline up to the border to export gas to neighboring Pakistan encouraging the government in Islamabad to speed up measures to complete its share on its soil, Shana reported. Speaking at a press
Meeting of Azerbaijani, Russian, Iranian FMs and ruin of Armenia’s hopes for North-South railway Investment
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
Turkmenistan starts welding TAPI pipeline’s linear part Energy
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
WB to discuss Absheron lakes clean up Environment
Trend: The World Bank’s (WB) Board of Directors will discuss the “Absheron Lakes Cleanup and Rehabilitation” project on July 18, 2017, said the WB. The estimated cost of the project is $100 million, $85 million of which are
SOCAR drilling new well at Oil Rocks offshore field Energy
Trend: Azerbaijan’s state oil company SOCAR will produce about 3,650 tons of oil annually through commissioning of a new well being drilled at the Oil Rocks offshore field in the Caspian Sea. The well’s projected depth is 1,860 meters and its daily
Turkmenistan eyes developing fuel and energy complex Energy
Energy-rich Turkmenistan will continue to realize programs and projects envisaging further development, modernization and diversification of the national fuel and energy complex. Such an instruction was given by President Gurbanguly Berdymukhamedov at the recent meeting of the Cabinet of Ministers, the
Topaz Energy and Marine Net $ 20.8m Profit Investment
Topaz Energy and Marine, a leading offshore support vessel company, today announces its results for the year ended 31 December 2015. Business Highlights * Net Profit for the period was US$ 20.8m before exceptional items, impairment charge
Kashagan to expand and extend first production stage Investment
ASTANA – The Kashagan development project operator – North Caspian Operating Company (NCOC) – is planning to substantially expand and extend the first production stage – the Experimental Programme (EP). The operator company has developed an AEP project – Additional
Lukoil expands operations in Caspian Sea Energy
Lukoil plans to increase oil production in the Caspian Sea by 7 million tons a year after commissioning the Vladimir Filansky field. Lukoil has already approved all its plans for the Caspian Sea. With the introduction of the full capacity in
SOCAR commissions well in Caspian Sea Energy
Trend: Azerbaijan’s state oil company SOCAR will additionally produce over 6,900 tons of oil and 6.2 million cubic meters of gas a day thanks to the commissioning of a well at the offshore Oil Rocks field after the well has been
Oil in the Caspian Region Energy
The Caspian Sea region has become a central focal point for untapped oil and natural gas resources from the southern portion of the former Soviet Union. Beginning in May 2005, oil from the southern sections of the Caspian Sea began
Iran Will Need Russia's Help to Build Its Caspian Sea-Persian Gulf Canal Investment
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
Fuel oil processing unit commissioned at Turkmen refinery Energy
Trend: A unit for vacuum distillation of fuel oil has been introduced at the Turkmenbashi Complex of Oil Refineries (TCOR) built by the South Korean consortium of LG and Hyundai, the message of the Turkmen oil and gas ministry said March
Low trading activity was noted in the Azov and Caspian basin Investment
In the Caspian Sea basin further reduction of trading activity and freight rates was observed. This was triggered by prohibition on wheat supply to Iran, which entered into force. It was noted that formal ban should not apply to
New study highlights expense of battling invasive species Ecosystem
By Lee Bergquist of the Journal Sentinel A new study of a tiny organism that has infiltrated nearly two dozen Wisconsin lakes is the latest example of the expensive fight Great Lakes states are
Caspian states decrease oil products’ export to Iran Energy
Trend: Iran’s oil products imports from Caspian littoral states decreased significantly in first quarter of 2016, the official statistics indicate. According to Iranian Ports and Maritime Organization, the unloading of oil products at Iran’s Caspian ports decreased significantly. Iran’s Neka, Anzali, Fereidoon Kenar
Tethys Petroleum incurs huge losses in 2015 Energy
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Iran Hopes to Sign Major Energy Deals With Russia by Mid-December - Oil Ministry Energy
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
Pro-Russia presidential candidates tipped to win in Bulgaria and Moldova Political and military events
IIKSS - Voters in Bulgaria and Moldova could extend Moscow’s influence in eastern Europe on Sunday in potential fresh blows to the European Union. Bulgarians are expected to elect a Russia-friendly former air force commander as president in
Donald Trump and Central Asia's 'Great Game' - How will Donald Trump’s election affect the balance of power in Central Asia? Political and military events
IIKSS - The long-awaited U.S. presidential election has come to an end, with Donald Trump successfully pulling off an upset win. While the United States remains the most influential country on Earth, the results from November 8, 2016
BTC exports about 25.7 million tonnes of crude oil in three quarters Energy
IIKSS - During the first three quarters of 2016, BTC spent approximately $87 million in operating expenditure and $41 million in capital expenditure, BP Azerbaijan told APA-Economics. Since the 1,768km BTC pipeline became operational in June 2006 till
BP and its partners decreased Azeri oil daily production Energy
IIKSS - The Azerbaijan International Operating Company (AIOC), which develops oilfield block Azeri-Chirag-Gunashli in the Azerbaijan sector of the Caspian Sea, lowered the oil production for the 3rd quarter of 2016. BP Azerbaijan (project operator) informs that by
Investments increase in Azerbaijan’s oil and gas sector Energy
IIKSS - About 7.91 billion manats were invested in Azerbaijan’s oil and gas sector in January-October 2016 compared to 5.91 billion manats in the same period of 2015, the country’s State Statistics Committee said in a report as
Azerbaijan gets an opportunity of direct tanker export of its oil from Caspian Sea Energy
IIKSS - Azerbaijan has got an opportunity of direct tanker export of its oil from the Caspian Sea water area, known as a closed basin. Rauf Veliyev, chairman of Azerbaijan Caspian Shipping Company (AXDG/ACSC), has stated that tanker
Azerbaijan President receives Dubai Chamber Chairman Investment
IIKSS - HE Ilham Aliyev, President of Azerbaijan received HE Majid Saif Al Ghurair, Chairman, Dubai Chamber of Commerce and Industry, on the side-lines of his visit to the Chamber’s International Office-hosted annual networking reception held in Baku
The Mejlis of Turkmenistan adopts the State budget for 2017 Investment
IIKSS - Regular 17th session of the Mejlis of Turkmenistan of the fifth convocation was held. Number of new laws and legal and regulatory acts, developed in accordance with the priorities of the policy of President Gurbanguly Berdimuhamedov
President Gurbanguly Berdimuhamedov holds extended session of the Cabinet of Ministers of Turkmenistan Investment
IIKSS - Representatives of the Mejlis of the country, hyakims of velayats and Ashgabat, chancellors of universities, leaders of ministries and departments, mass media were invited to the session. Having announced the agenda, the Leader of the
UAE interested in Azerbaijani products Investment
IIKSS - To promote the national brands in Dubai, Azerbaijan's export mission visited the United Arab Emirates recently. The delegation included representatives of 20 companies engaged in manufacture of natural juices, mineral beverages, agricultural products, meat and meat
Dubai hosts Kazakhstan trade mission Investment
IIKSS - Dubai hosted a trade mission of Kazakhstani producers organized by the Kazakh Agency for Export and Investment KAZNEX INVEST, Ministry for Investments and Development of Kazakhstan, and the Chamber of Commerce and Industry of Dubai with
UAE focuses on intensifying co-op with Turkmenistan Investment
IIKSS - The UAE’s new strategy opens up the opportunities for the intensification of cooperation with Turkmenistan, UAE Ambassador to Turkmenistan Hassan Abdullah Al Adhab said in an interview with Neutral Turkmenistan newspaper. He added that great success,
New gas reserves found in Turkmenistan Energy
IIKSS - Turkmen Geology State Corporation has discovered new rich gas deposits in the exploitation well at the Chelekbay site located in the north-western part of the giant Galkynysh field, the Oil and Gas Complex of Turkmenistan said
Priority issues of the state life are reviewed during the session of the Cabinet of Ministers Political and military events
IIKSS - Forestalling the agenda of the session, the Leader of the Nation, addressing the participants, noted that historical event was held recently in Ashgabat, the Global Sustainable Transport Conference was organized and conducted on high level under
Turkmenistan to host int’l oil and gas conference Energy
IIKSS - The 21st International Exhibition and Conference "Oil and Gas of Turkmenistan 2016" will be held in Ashgabat on December 7-9, the Turkmen government said in a message. According to the message, the specialists from 40 countries
Saudi agency to offer $500 mn loan for TAPI project Energy
IIKSS - Saudi Arabia-based Islamic Development Bank had agreed to provide USD 500 million loan to part-finance the USD 15 billion Turkmenistan-Afghanistan- Pakistan-India (TAPI) natural gas pipeline project. "An agreement to provide for the Islamic Development Bank (IsDB)
34 transactions concluded at the State Commodity and Raw Materials Exchange of Turkmenistan last week Investment
IIKSS - Businessmen from the UAE and Afghanistan purchased gasoline produced at the Turkmenbashi complex of oil refineries and Seydi oil refinery. US businessmen purchased industrial hydrocarbon (Turkmenhimiya State Concern). Moreover, businessmen from Russia, Switzerland, the UAE, Turkey,
Plant on extracting iodine from associated waters in oil deposits is under construction in Okarem Energy
IIKSS - A plant on extracting iodine from associated waters in oil deposits is under construction in Okarem. The equipment purchased by the “Dovletgurlushik” Company in the Islamic Republic of Iran will be delivered to the construction site
Turkmenistan builds artificial island in Caspian Sea Tourism
IIKSS - A group of specialists have conducted an environmental monitoring on the underlying platform, built for an artificial island southeast of the Caspian Sea, the Neutral Turkmenistan newspaper reported. "The island is rapidly overgrown with saline grasses,
ADB supports $1B financing to expand Azerbaijan gas field Energy
IIKSS - The Asian Development Bank (ADB) will provide $1 billion in private and public sector assistance to expand Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields, APA-Economics reports citing to bank’s website. The assistance
Azerbaijan expects economic growth in next four years Investment
IIKSS - Mubariz Aslanov . Azerbaijan expects economic growth in 2017 and the next three years, Ogtay Asadov, Speaker of Azerbaijani Parliament, said at a parliamentary plenary session. Azerbaijan’s Milli Mejlis (parliament) began on Tuesday a three-day plenary
Kazakhstan launches 23 innovative and industrial projects Investment
IIKSS - Kazakhstan President Nursultan Nazarbayev launched 23 new innovative and industrial projects of the country’s Industrialization Map, the presidential press service reported. During a teleconference there were 23 direct live broadcasts with all the country’s regions, which
The Head of the State adjusts the work of the government at the session of the Cabinet of Ministers of Turkmenistan Investment
IIKSS - President Gurbanguly Berdimuhamedov held extended session of the Cabinet of Ministers of Turkmenistan where outcomes of the government activity and work of branches were summed up for the past 11 months of the year. The
Azerbaijan aims to reduce SOFAZ transfers to state budget Investment
IIKSS - The share of transfers of the State Oil Fund of Azerbaijan (SOFAZ) to the country’s state budget has to be reduced to 15 percent until 2025, according to the Strategic Road Map for the Azerbaijani National
Azerbaijan to cut oil production by 35.000 barrels per day Energy
IIKSS - Azerbaijan to cut oil production by 35.000 barrels per day, Azerbaijan’s Energy Ministry told Trend. OPEC has persuaded 11 non-member countries to cut their oil production in an attempt to raise low prices that have put
Kazakhstan to Cut Oil Output by 20,000 Bpd – Energy Minister Energy
IIKSS - Kazakhstan can reduce oil production by 20,000 barrels from the November level, according to country's Energy Minister Kanat Bozumbayev. Kazakhstan’s Energy Minister Kanat Bozumbayev announced Saturday the Central Asian nation would aim for an oil output
Sweden determined to bolster ties with Iran Political and military events
IIKSS - Sweden’s State Secretary Hans Dahlgren, at a meeting with Iran’s Presidential Chief of Staff Mohammad Nahavandian, said Stockholm had political determination to expand multilateral ties with Tehran. During the joint meeting in the Swedish capital, Iran’s
Turkmenistan reveals volume of potential hydrocarbon reserves Energy
IIKSS - As of today, potential hydrocarbon resources of Turkmenistan amount to 71.2 billion tons of oil equivalent, 53 billion of which account for land and 18.2 billion tons – for marine areas, according to a report of
Azerbaijan ranks first in volume of investments in Georgia Investment
IIKSS - Being the top foreign investor of Georgia, Azerbaijan invested some $434 million in the economy of the neighboring country within three-quarters of 2016. Georgia’s National Statistics Office reported that the volume of investments recorded an increase
till no deal between Azerbaijan, Turkmenistan on Kapaz field Energy
IIKSS - Azerbaijan and Turkmenistan have not yet reached a full understanding on the Kapaz field, Azerbaijani Deputy Foreign Minister Khalaf Khalafov told reporters in Baku Dec. 12. Bilateral talks and consultations on this issue are being held
Azerbaijani IT company wins World Bank tender in Kazakhstan Investment
IIKSS - Azerbaijan's leading IT company Cybernet has won a World Bank-supported tender announced by the Ministry of Health and Social Development of Kazakhstan under “Kazakhstan Health Sector Technology Transfer and Institutional Reform”. The contract was signed on
2016 EBRD Investment in Kazakhstan Breaks Record for Third Year Investment
IIKSS - The European Bank for Reconstruction and Development provided loans and technical cooperation for more than 30 projects in Kazakhstan in agricultural business, public utilities, infrastructure, energy, financial institutions and financed dozens small and medium-sized enterprises in
Turkmenistan planning new projects in gas, chemical industry Energy
IIKSS - Active work is underway in Turkmenistan on the development and research of new directions in the gas and chemical industry, according to the report by Chairman of the Turkmengaz State Concern Ashirguli Begliyev read at the
Turkmenistan’s economic growth slowing down — IMF Investment
IIKSS - Turkmenistan’s economic growth has slowed down as a result of external factors, although domestic non-hydrocarbon growth has been supported by credit and structural policies in support of diversification, Mr. Martin Sommer, head of an International Monetary
Iran, Russia Sign Major Deal on Development of Oil, Gas Fields Energy
IIKSS - High-ranking officials from Iran’s oil ministry and the giant Russian oil and gas company, Gazprom, signed a major deal on Tuesday to promote cooperation in the development of two oil fields in western Iran. In a
Oil terminal opened on Turkmenistan and Afghanistan border Energy
IIKSS - A new oil storage terminal has been opened in Imamnazar on the border between Turkenistan and Afghanistan. Turkman president Gurbanguly Berdymukhamedov and Afghan president Ashraf Ghani officially opened the terminal along with a new railway which
Turkey seeks to form “green corridor” with Azerbaijan Investment
IIKSS - Turkey’s Customs and Trade Minister Bulent Tufenkci has voiced his country’s intention to simplify customs procedures with Azerbaijan, and establish a “green corridor”, similar to the one existing between Russia and Turkey. “Turkey’s Ministry of Customs
Azerbaijan exports 19M tons of oil products Energy
IIKSS - Azerbaijan exported 19,098,957 tons of oil products in January-November of this year, according to the State Customs Committee. The official figures suggest that the total value of the exported oil products made $5,896 million. The country
Kazakhstan and Israel are planning to jointly enter China’s food market Investment
IIKSS - Kazakhstan and Israel are planning to jointly enter China’s food market. At the Kazakh-Israeli business forum in Astana, the memorandum was signed on construction of a joint venture for the processing of poultry meat, products which
Russian Duma OKs bill on emergency situation in Caspian Sea Environment
IIKSS - The Russian State Duma approved on December 21 a bill "On ratification of the Agreement on cooperation in the field of emergency prevention in the Caspian Sea". The deal was inked in September 2014 in the
New modern fuel filling station in Mary Energy
IIKSS - A new modern fuel filling station of the Wekilbazar oil products enterprise is supplied with the efficient fire-control system and up-to-date equipment. The capacity of the new filling station is 1,500 motor vehicles per day. There
Turkmenistan keen to bring investment in energy industry Energy
IIKSS - In Turkmenistan’s energy industry, main attention should be paid to the attraction of foreign investment in large infrastructure projects, including the projects on the development of oil and gas reserves of the Caspian Sea, diversification of
Baku, Astana mull legal status of Caspian Sea Legal Issues
IIKSS - Azerbaijan and Kazakhstan have held consultations on the legal status of the Caspian Sea in Baku. Deputy Foreign Minister Khalaf Khalafov represented Azerbaijan, while ambassador-at-large at the Foreign Ministry Zulfiya Amanzholova attended the consultations on behalf
Nine presidential candidates registered in Turkmenistan Political and military events
IIKSS - The number of presidential candidates in Turkmenistan at the election scheduled for February 12, 2017, has reached nine, the country's Central Election Commission said in a message Dec. 27. Deputy Head of the Mary region of
arbitration on Iran-Turkmenistan gas dispute ruled out for now Energy
IIKSS - Iran’s Oil Minister Bijan Zanganeh said international arbitration on Iran-Turkmenistan gas dispute has been ruled out for now, adding the two sides need to settle issues through talks. Zangeneh discussed the details of the new Iran-
Iran, Azerbaijan to launch Astara-Astara railway soon Investment
IIKSS - A senior official in Islamic Republic of Iran Railways (RAI) Abbas Nazari said the construction phase of Astara (Iran)-Astara (Azerbaijan) railway line has been accomplished in the Azerbaijani side. Islamic Republic of Iran Railways Director General
Russia, Azerbaijan, OPEC cut oil production Energy
IIKSS - Agreement between OPEC and non-OPEC countries, including Russia, on oil production levels cut, aimed at stabilizing world oil market, will be implemented starting from today. In total, OPEC cuts oil production by 1.2 million barrels per
Iran sells crude oil at $52.16 in a week Energy
IIKSS - Iranian light crude oil price continued its upward trend in the week ended on December 23, increasing 30 cents per barrel (pb) to reach $52.16, IRNA reported on Saturday. The country’s light crude price stood at
Iran hailed over ‘JCPOA-style’ gas deal with Turkmens Energy
IIKSS - Iran’s media have hailed the country’s success to resolve a gas dispute with Turkmenistan despite demands from Ashgabat for Tehran to pay $1.8 billion in alleged unpaid arrears for historic gas deliveries. The country’s IRNA news
Iran names giants qualified for new oil plans Energy
IIKSS - Iran has announced the names of over two dozen international energy companies that it says are eligible to bid for the country’s new oil and gas projects. The list that has been publicized by the National
SOFAZ unveils preferred property markets Investment
IIKSS - The State Oil Fund of Azerbaijan (SOFAZ) is interested in the acquisition of high-quality real estate assets in European, Asia-Pacific and the US markets, SOFAZ Executive Director Shahmar Movsumov said in an exclusive interview with Trend.
Turkmenistan builds hugel complex Energy
IIKSS - Ninety percent of the work has been completed at the polyethylene and polypropylene production complex, which is being built in Turkmenistan’s Balkan region, the Neutral Turkmen newspaper reported. A reservoir park for water, hydrocarbon storage tanks,
Turkmen government to sell 34 companies through auction Investment
IIKSS - The Ministry of Economy and Development of Turkmenistan has announced privatization auction for 34 government-owned companies, the state news agency said. The auction will be held on January 31, 2017. Theses companies are located in different
Kazakhstan could be the diplomatic key for boosting stability Join our daily free Newsletter Political and military events
IIKSS - Kazakhstan's Ambassador to the United States, Kairat Umarov, quietly affirms (without boasting) that 'We expect our next 25 years of independence to be better than our first 25 years.' Asked to elaborate, he simply, and correctly,
Current issues of the state life are reviewed during the session of the Cabinet of Ministers of Turkmenistan Political and military events
IIKSS - President Gurbanguly Berdimuhamedov hold first in 2007 session of the Government where the vice-premiers gave report on their activities and drafts of certain documents were reviewed. First, Deputy Chairman of the Cabinet of Ministers B. Hojamammedov
Turkmenistan to develop new oil field in Caspian Sea Energy
IIKSS - The Turkmen Oil State Concern held research at the Demirgazyk Goturdepe field located on the Turkmen shelf of the Caspian Sea, the Turkmen government said in a message. The research showed the presence of the rich
Kazakhstan to cut uranium output Energy
IIKSS - Kazakhstan plans to reduce uranium production by 10 percent in 2017, Kazakhstan’s National Atomic Company Kazatomprom reported on January 10. This decision was made considering current oversupply in the uranium market. The target uranium production for
Rosneft to increase oil supplies to China through Kazakhstan Energy
IIKSS - Russian Rosneft and Chinese CNPC signed an amendment to the agreement envisaging additional oil supplies to China via Kazakhstan, the Russian company said. Moreover the contract on oil supplies from June 21, 2013 was prolonged till
Iran still negotiating oil swap with Kazakhstan, Russia Energy
IIKSS - Iran is negotiating with Russia and Kazakhstan to resume crude oil swap, Gholamreza Manouchehri, deputy director for development and engineering affairs at the National Iranian Oil Company (NIOC), said. Talks are underway with Kazakh firms and
President of Turkmenistan defined prospects of country’s development for 2017 at extended meeting of the Cabinet of Ministers Political and military events
IIKSS - Ashgabat hosted an extended meeting of the Cabinet of Ministers of Turkmenistan, where President Gurbanguly Berdymuhamedov gave a keynote address, summarizing 2016 and outlining the prospects for 2017. As has been noted by the Head of
Iran-Azerbaijan Rail Linkup in a Month Investment
IIKSS - The railroads of Iran and Azerbaijan will be connected in a month, according to Minister of Communications and Information Technology Mahmoud Vaezi. The two country’s rail networks will be linked via a 10-km route connecting the
Azerbaijan, Czech Republic plan to sign memo in energy Energy
IIKSS - Azerbaijan, which is one of the largest suppliers of oil to the Czech Republic, is interested in development of cooperation in the energy sector. Azerbaijani Ambassador to Czech Republic, Farid Shafiyev said that currently the two
Minister: Iran’s oil revenue to hit $41 bln by end March Energy
IIKSS - Iranian Oil Minister Bijan Zangeneh said that the country’s revenue of oil and condensate is expected to hit $41 billion by the end of the current Iranian calendar year (which ends on March 20, 2017). Minister:
Turkmenistan should be among industrialized countries Investment
IIKSS - Turkmenistan should be among the world’s leading industrialized countries in order to achieve the highest goals, said President Gurbanguly Berdimuhamedov during his working visit to the country’s Mary Province, the Turkmen media reported. It is necessary
Turkmenistan seeking for new oil, gas fields Energy
IIKSS - Research work, 2D and 3D seismic surveys aimed at finding new oil and gas fields are conducted in Turkmenistan, said the article of the online newspaper of the country’s Oil and Gas Complex. Progress report was
Turkmenistan actively developing oil resources in shallow waters of Caspian Energy
IIKSS - Turkmenistan’s state concern Turkmenneft is actively engaged in developing the North Goturdepe field located in the shallow waters of the Caspian Sea. Currently, Turkmenneft by using powerful drilling rigs, purchased in China, seeks to increase
Focus on Central Asia: How US Will Pursue Its Foreign Policy Under Tillerson Political and military events
IIKSS - Under Rex Tillerson, the US will try to diminish Russia's clout in Central Asia and play against the Shanghai Cooperation Organization, Russian expert Alexey Fenenko told RIA Novosti. In an interview with RIA Novosti, Alexey Fenenko,
Iran welcomes deepening ties with EU Investment
IIKSS- President Hassan Rouhani has said Iran would stay committed to its obligations under any deal as long as others do not breach it. “The Islamic Republic of Iran will stay committed to its obligations as long as
PSA to carry out Iran plans despite US threats Investment
IIKSS- France's auto giant PSA Group says it is pushing ahead with a plan to invest in Iran’s auto industry despite an increased anti-Iran rhetoric by the United States under President Donald Trump. PSA Middle East chief
Azerbaijan’s GDP increases Investment
IIKSS - The volume of Azerbaijan’s GDP reached 5.23 billion manat (official exchange rate on Feb. 18 is 1.7352 AZN/USD) in January 2017 that is by 0.8 percent more than in the same period of 2016, according to
Azerbaijan Delegation Attends Joint Business Forum Investment
IIKSS- Azerbaijan’s Minister of Economy Shahin Mustafayev entered Ardebil Province in northwest Iran on Wednesday to take part in a business forum. Heading a 50-member economic delegation, the minister discussed ways of expanding transactions with Iran, particularly in
Iran's Ahmadinejad lectures Trump on 'corrupt' elections, immigration Political and military events
IIKSS- Iranian former political leader Mahmoud Ahmadinejad took pen to paper to issue a scathing assessment of the United States and President Donald Trump, telling the commander in chief in mocking tones that he’s right, America’s electoral system
JCPOA providing Iran with power parameter, American Enterprise says Political and military events
IIKSS- A senior nuclear negotiator and head of JCPOA Follow-Up Committee has said JCPOA has a boon for Iran’s beleaguered economy. Mr. Abbas Araghchi who was speaking in Iran Economic Outlook on Monday, believed the claim that JCPOA
Iran means business Investment
IIKSS- A team at International Research Networks (IRN) organised an excellent Iran Business Symposium on Feb. 21+23, 2017, at the Renaissance Hotel in Amsterdam. It was attended by Switzerland, Germany, Turkey, Italy, and many other EU countries and
Iran means business Investment
IIKSS- A team at International Research Networks (IRN) organised an excellent Iran Business Symposium on Feb. 21+23, 2017, at the Renaissance Hotel in Amsterdam. It was attended by Switzerland, Germany, Turkey, Italy, and many other EU countries and
Iran-Azerbaijan railway construction launched Investment
IIKSS- Iran has started laying rail tracks on the rail section Astara (Azerbaijan) - Astara (Iran), which is constructed in the framework of the North-South international transport corridor. Governor of Iran’s Astara Port Yunes Ranjkesh said that operations
Russians and Iranians are brothers for life Political and military events
IIKSS- In a message on the occasion of 515 years of Iran-Russia historical ties, the Iranian Foreign Minister Mohammad Javad Zarif said that few countries in the world have as deep and historical relations. However, he said that
Baku, Tehran strengthen legal basis for fruitful cooperation Investment
IIKSS- The recent visit of Azerbaijani president to Tehran as well as signing of several important documents showed an eternal friendship between the two neighboring countries. President Ilham Aliyev paid a one-day official visit to Iran on March
Baku, Tehran strengthen legal basis for fruitful cooperation Investment
IIKSS- The recent visit of Azerbaijani president to Tehran as well as signing of several important documents showed an eternal friendship between the two neighboring countries. President Ilham Aliyev paid a one-day official visit to Iran on March
Turkmenistan hosting seminar on Caspian Sea issues Investment
IIKSS-The International Ocean Institute (IOI) with the support of Turkmenistan’s Foreign Ministry and the State Enterprise on Caspian Sea Issues under the President of Turkmenistan is holding a seminar in Avaza, titled “Caspian Sea – sustainable development and
Priorities of Azerbaijan's foreign policy Political and military events
IIKSS- While on an official visit to Russia, Azerbaijani Foreign Minister Elmar Mammadyarov met with his Russian counterpart Sergey Lavrov, deputy chairman of the Federation Council Ilyas Umakhanov, Deputy Prime Minister, co-chairman of the Russia-Azerbaijan Intergovernmental Commission Dmitry
Italian Snam to invest 270m euros in TAP Energy
IIKSS- Italian natural gas firm Snam has revealed plans to invest 270 million euros in the Trans Adriatic Pipeline (TAP) project. Snam`s 2017-2021 Plan says that company will invest 5 billion euros to further develop the Italian gas
Iran flotilla sets sail for Russia's Dagestan Political and military events
IIKSS- A flotilla of Iranian warships has left the country's northern territorial waters for Russia in a bid to convey the Islamic Republic's message of peace and friendship. The naval fleet, comprised of the domestically-manufactured Damavand destroyer and
Rosneft Boosts Ties With Ex Juice King To Lift Trade In Europe Energy
IIKSS- In a bid to boost its oil products trade in southern Europe and Turkey, Russia’s oil giant Rosneft is expanding its business ties with oil products trading and logistics firm Petrocas, which has crude storage terminals in
Iran: Rohani Highlights Relations And Projects With Azerbaijan Political and military events
IIKSS- Iran’s President Rouhani described relations between the Islamic Republic of Iran and the Republic of Azerbaijan friendly and strategic. “Relations between the two countries has been developing since three years ago with regard to political ties and
Russian Rosneft agrees to double oil products supply to Turkey over 2018-20 Energy
IIKSS- Russia's Rosneft agreed with Turkey's Demiroren Group to extend its oil products supply to the Turkish company to 2018-2020, when it plans to double annual delivery from this year's level, Rosneft said in a statement late Friday.
Turkmenistan invites investors from Qatar Political and military events
IIKSS- During his visit to the State of Qatar on March 15, Turkmenistan President Gurbanguly Berdymukhammedov spoke for increasing bilateral trade and services between the two countries, official Turkmen media reported. Turkmenistan and Qatar signed several agreements following
EU and Germany in talks on future of Russian pipeline Energy
IIKSS- The European Commission has said that energy laws should apply to offshore as well as onshore parts of Russia's new gas pipeline, Nord Stream 2 . Maros Sefcovic, the EU energy commissioner, told a group of reporters
Caspian Sea littoral countries consider sustainable use of region’s resources Ecosystem
IIKSS- Avaza National Tourist Zone hosted international training seminar Caspian Sea – sustainable development and management co-organized by the Ministry of Foreign Affairs, the State Enterprise on the Caspian Sea Issues, and the International Ocean Institute (IOI). As
Margvelashvili: Azerbaijan-Georgia relations are perfect Investment
IIKSS- Relations between Azerbaijan and Georgia are perfect, said Georgian President Giorgi Margvelashvili, who is on a visit in Azerbaijan, in his interview with Trend. “We have total understanding and respect of each other. At the same time,
Azerbaijan, Kazakhstan long-term partners: ambassador Investment
IIKSS- Azerbaijan and Kazakhstan are partners and the two countries’ economic systems complement each other, Rashad Mammadov, ambassador extraordinary and plenipotentiary of Azerbaijan to Kazakhstan, said in an interview with Trend. "Azerbaijan and Kazakhstan didn’t become rivals despite
Fitch: Azerbaijan's energy company facing mixed pressures Energy
IIKSS- Fitch Ratings gives speculative-grade rating to the state energy company in Azerbaijan, where oil production is on the decline. March 17 (UPI) -- The state energy company of Azerbaijan, a party to OPEC-led balance efforts, beat its
The future of a Caspian gas rig swings between the EU and Russia Energy
IIKSS- Azerbaijan’s ambitious Southern Gas Corridor project has the potential to further estrange EU-Moscow ties and trigger energy price wars. A white metal building protruded upwards in a large empty field along the coast of the Caspian Sea
Joint Projects of Russia & Iran in Energy, Transport Investment
IIKSS- The largest Russian project in Iran is the nuclear power plant in Bushehr. This is a unique building which has no analogues elsewhere in the world. The construction of the station was started in 1974 by the
China’s strategy in the Caucasus Investment
IIKSS- When leaders of Azerbaijan and Georgia took part in a session titled “The Silk Road Effect” at the 2017 World Economic Forum in Davos, they were predictably eager to promote the importance of the China-led Silk Road
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Kazakhstan establishes transportation oil cost from Russia to China Energy
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OPEC announces forecasts on oil production in Azerbaijan in 2019 Energy
The oil production in Azerbaijan in 2019 will remain at the same level as last year and will average 800,000 barrels per day, the OPEC January report says. The cartel’s report says that according to the Ministry of Energy,
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While some Iranian MP's have objected to the Caspian Sea water transfer plan, the head of Department of Environment Isa Kalantari indicated there wouldn't be any opposition towards the issue. "If all the environmental principles of the Caspian Sea
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