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BISHKEK (TCA) — The three hydrocarbons-rich Caspian Sea states of Azerbaijan, Kazakhstan and Turkmenistan offer an increasingly attractive proposition to companies affected by the slowdown in oil and gas projects activity in the Gulf Cooperation Council (GCC) region, according to new data released by MEED Projects on May 20. Continue reading
BAKU (TCA) — The Asian Development Bank (ADB) on December 7 said it 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. The move would become the first step in creating an alternative for gas deliveries to Europe from the Caspian region. Continue reading
BISHKEK (TCA) — Iran, Russia and Azerbaijan have vowed to work together to prepare the grounds for the construction of a North-South Transit Corridor (NSTC), which is expected to provide a faster trade connectivity between Europe and South East Asia and become a rival to the Suez Canal, Iran’s PressTV news agency reported. Continue reading
ASTANA (TCA) — A regular meeting of foreign ministers of the five Caspian Sea littoral states took place in the Kazakh capital Astana on July 13. Continue reading
BAKU (TCA) — Member countries of the Cooperation Council of Turkic Speaking States (Turkic Council) — Azerbaijan, Kazakhstan, Kyrgyzstan, and Turkey — are currently preparing for signing a protocol on the application of common customs procedures and standards. Continue reading
BISHKEK (TCA) — The President of the European Bank for Reconstruction and Development (EBRD), Sir Suma Chakrabarti, is visiting three Caspian states next week. Continue reading
