Viewing results 1 - 6 of 95
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
LONDON (TCA) — The wider Caspian region, which comprises the Caspian littoral states and the lands to their east, is sitting on a vast riches of subsoil resources of which combustibles are made to quench the world’s ever increasing thirst for energy. Those who dedicate their lives and/or cash to such resources hardly ever miss an occasion to stress the need for them, downplaying the growing importance of alternative resources, located not under but on and above the earth’s surface and being infinite. Continue reading
ASTANA (TCA) — Transnational companies have established a consortium to implement the Eurasia project to develop super-deep hydrocarbon deposits in Kazakhstan’s section of the Caspian Sea, Kazakh Energy Minister Kanat Bozumbayev said after the signing of cooperation agreements between the Government of Kazakhstan and international companies on June 21, the official website of the Prime Minister of Kazakhstan reported. Continue reading
LONDON (TCA) — A fair division of the Caspian seabed including exploitation rights has been subject to debate for a quarter of a century now, with time and again the governments of littoral states — Azerbaijan, Iran, Kazakhstan, Turkmenistan, and Russia — assuring that they were on the brink of clinching a comprehensive agreement. At the bottom of the dispute is the question whether or not the Caspian waters should be seen as a lake or a sea. In the former case, international law requires a convention signed by all littoral states, dividing the entire waterbed into sections. The sea-option prescribes that each coastal state has authority over the waters down to 20 nautical miles from the shore, beyond which navigation is free and fishing and other exploitation rights should be either unlimited or defined by either bi- or multilateral agreements. Continue reading
