Latest Articles about Economics

Iran’s New Pivot to Central Asia

High-ranking officials from Iran and Tajikistan made a total of three visits to Dushanbe and Tehran, respectively, in less than two months, a significant sign that after years of frosty relations, diplomatic ties are finally improving (Khovar, February 23, March 29, April 5). Even more... MORE

Azerbaijan Embarks on Construction of Nakhchivan Railway (Part Two)

*To read part one, please click here The unblocking of the Zangezur corridor will have wide-ranging geopolitical reverberations for both the directly concerned states, Armenia and Azerbaijan, and surrounding countries. For Azerbaijan, the reopening of the corridor has geostrategic significance in multiple domains. This route... MORE

Russia Builds up Its Export Potential in Baltic Basin

Russian natural gas giant Gazprom signed a preliminary agreement with global engineering company Linde to deliver engineering and procurement services for the Ust-Luga gas processing plant on the Baltic Sea. Gazprom CEO Miller signed the agreement on behalf of RusKhimAlyans, a special-purpose company established on... MORE

Gazprom Struggles With Its Mega LNG Project in the Baltic Sea

On March 15, Russia’s leading business news outlet, Kommersant, revealed that Gazprom hit another obstacle in realizing its anticipated mega-project in the Baltic Sea—“Baltic LNG.” According to the article, the engineering, procurement and construction (EPC) contractor responsible for the investment has either been dismissed or... MORE

Azerbaijan Embarks on Construction of Nakhchivan Railway (Part One)

On February 14, President Ilham Aliyev of Azerbaijan, during his visit to the Azerbaijani territories retaken following the Second Karabakh War (September 27–November 9, 2020), ceremonially laid the foundation for a railway that, when completed, will connect the towns of Horadiz (Fuzuli district) and Agbend... MORE

Baku-Ashgabat Accord Transforms Geopolitics of Caspian Region

When the five Caspian littoral states (Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan) finally agreed, in August 2018, to the delimitation of the surface of the sea after almost two decades of on-again, off-again talks, many assumed that accord meant the situation in and around the... MORE