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ASTANA (TCA) — The maximum potential of Kazakhstan’s Kashagan oil field will be revealed in 25-30 years, when oil extraction at the Caspian field is to reach 60 million tons per year to remain at that level for a long time, the President of the Kazakhstan Society of Petroleum Geologists Baltabek Kuandykov said in an interview with PrimeMinister.kz. Continue reading
ASHGABAT (TCA) — Turkmenistan’s capital Ashgabat on August 30 hosted a meeting of the Joint Turkmen-Georgian Intergovernmental Commission for economic cooperation, the State News Agency of Turkmenistan reported. On the same day, Turkmenistan's President Gurbanguly Berdymukhammedov and Georgian Prime Minister Giorgi Kvirikashvili held a meeting to discuss bilateral cooperation. At the Commission’s meeting, transport sector was named to be one of the Turkmen-Georgian relations’ strategic vectors. The South Caucasus is part of the Caspian-Black Sea transport-transit corridor, the use of which enables to ensure broad interregional integration with the countries of Europe and the Middle East. The sides noted the importance of creating the Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey transit corridor. At the meeting between Turkmenistan's President and Georgian Prime Minister, it was said that Georgia supports Turkmenistan's initiatives to ensure a reliable and stable transit of energy and create international transport and communication infrastructure, Turkmenistan's state television reported. The sides also stressed that the geographically favorable location and common interests create opportunities for creating transit corridors involving the transportation capacities of the Caspian and Black Sea regions. These transport corridors will create wider opportunities for interregional integration, access to world markets and intensification of trade and economic ties in the Eurasian area. Turkmenistan has long been working on organizing natural gas deliveries from the Caspian Sea region to Europe, which has been supported by Turkey and the European Union, Sputnik news agency reported. Turkmenistan, alongside Azerbaijan, stands in favor of building a trans-Caspian subsea pipeline with the consent of the states whose territories the new pipeline will cross, including Georgia.
BISHKEK (TCA) — The unresolved legal status of the Caspian Sea remains the major obstacle to energy cooperation between Azerbaijan and Turkmenistan, as the latter seeks to export its natural gas to Europe through Azerbaijan and the Caspian Sea via a planned pipeline to be laid on its bottom. We are republishing this article by Matthew Kupfer on the Azeri-Turkmen energy cooperation, originally published by EurasiaNet.org: Continue reading
ASHGABAT (TCA) — Azerbaijan is Turkmenistan’s main neighbor in the Caspian Sea region, Turkmen President Gurbanguly Berdymukhammedov said during his official visit to Baku on August 8, the State News Agency of Turkmenistan reports. During his talks with Azeri President Ilham Aliyev, Berdymukhammedov spoke about transport initiatives in the Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey and Turkmenistan-Azerbaijan-Turkey formats. Turkmenistan also welcomes the project of Baku-Tbilisi-Kars transport corridor that will connect the railway networks of Azerbaijan, Georgia and Turkey. This project that will promote the development of trade in the region is now close to completion. Berdymukhammedov noted that in January-June 2017, trade between Turkmenistan and Azerbaijan had increased up to 40 percent as compared to the same period of 2016, saying that the existing mutual opportunities had not been used in full and the current level of the trade partnership does not reflect the real potential of the two countries. Berdymukhammedov emphasized that Turkmenistan and Azerbaijan need to launch large-scale projects of industrial cooperation, interaction in the services and agricultural sectors. The President of Turkmenistan also suggested intensifying the partnership between the business circles of Turkmenistan and Azerbaijan, by opening of Trade Houses in Baku and Ashgabat and establishing a Turkmenistan-Azerbaijan Business Council.
ASTANA (TCA) — As Kazakhstan and the US have recently renewed an agreement on military cooperation, Russian experts consider the impact it will have on Russian-Kazakh ties, specifically with regard to prospects of a US naval base in the Caspian Sea, Russia’s Sputnik news agency reports. Continue reading
LONDON (TCA) — In a move presented as glorious and spectacular, oil companies from Russia (Rosneft), China (CNPC), Kazakhstan (Kazmunaygas), Azerbaijan (SOCAR) and Italy (Eni) have teamed up to form a consortium for the exploration and exploitation of what is expected to be a new “giant” located in the very heart of the northern Caspian tectonic structure. The project, if successful and market demand to remain unchanged, should prolong the position of Kazakhstan as a global-scale oil supplier from 2040 till 2080. The Kazakhs are committed to contribute in the order of a billion greenbacks each year from now to the project. No overall picture of the total price tag has been presented so far. Continue reading
