Speaking at the World Economic Forum in Davos, Azerbaijani President Ilham Aliyev highlighted the start-up of the largest European energy infrastructure project, involving: Shah Deniz Phase Two of field development and three dedicated pipelines to connect that Azerbaijani gas field with European Union territory. The... MORE

A number of important events in Azerbaijan punctuated the past 12 months, and their implications are likely to affect the future development of the country in important ways. Notably, the year 2013 was highlighted by a presidential election, held on October 9, which was swept... MORE

Full-scale investment approved at Shah Deniz, and supply contracts secured in Europe, make it possible for pipeline construction to proceed along the 3,500-kilometer Southern Gas Corridor, from Azerbaijan to European Union territory in Italy. The cumulative investments are estimated at $25 billion in the offshore... MORE

On December 11, 2013, Kazakhstan’s ambassador to Azerbaijan, Amangeldy Zhumabaev, told a press conference that his country was interested in transporting its goods along the Baku-Tbilisi-Kars railway currently under construction—particularly for transporting Kazakhstani oil and grain(Tengrinews, December 11, 2013).Zhumabaev said, “For us it is very... MORE

The Shah Deniz gas producers’ consortium has approved the final investment decision (FID) on December 17, 2013, launching Phase Two of production at the project in Azerbaijan (see accompanying article). This decision has two immediate consequences, both of them pre-programmed. It validates the long-term gas... MORE

On December 17, 2013, in Baku, the Shah Deniz natural gas producers’ consortium approved the Final Investment Decision (FID) to start Phase Two of production. The investment commitment is valued at $25 billion for field development, separately from the estimated $20 billion for the construction... MORE

On December 10, the Azerbaijan-Kazakhstan intergovernmental commission on economic cooperation met in Baku. Besides discussing various economic projects to boost mutual trade and investment, ministers from the two governments considered how to expand cultural exchanges.The two governments have repeatedly expressed disappointment with their low levels... MORE

The interim agreement, concluded on November 24 with Iran and six world powers led by the United States, will see Tehran cap its nuclear program at a reduced capacity in exchange for relaxed international sanctions. The deal has met with strong resistance from some quarters,... MORE

The European Union’s Vilnius summit (November 28–29) helped to demonstrate that the Eastern Partnership program must pursue a more differentiated approach toward the individual partner countries.The EU had, broadly speaking, made identical offers to Armenia and Azerbaijan, respectively. It proposed to each of them the... MORE

On November 29, Azerbaijan and the European Union signed a visa-facilitation agreement in Vilnius, Lithuania, within the framework of the Eastern Partnership summit. The agreement was signed by the foreign minister of Azerbaijan, Elmar Mammadyarov, by Linas Linkevicius, Minister of Foreign Affairs of Lithuania in... MORE