Italian state-owned oil and natural gas producer ENI recently halted a joint project with Russia’s state oil company Rosneft in the Black Sea, according to Russian media reports (Construction.ru, March 30). Drilling operations by the two companies at the Maria-1 well had started in December,... MORE

Iranian President Hassan Rouhani paid an official visit to Baku, Azerbaijan, on March 28. During the visit, Azerbaijan and Iran signed a memorandum of understanding on joint development of offshore hydrocarbon fields in the Caspian Sea (President.az, March 28). Remarkably, the names of the fields... MORE

On February 6 and March 15, the European Investment Bank (EIB) allocated loan packages of €1.5 billion ($1.8 billion) and €932 million ($1.14 billion) to complete the construction of the Southern Gas Corridor’s (SGC) two main segments, which will carry Caspian-basin natural gas from Azerbaijan... MORE

Because oil and natural gas are Russia’s largest exports (Gks.ru, accessed April 3), it is entirely understandable that Moscow’s efforts to build pipelines to the West bypassing the three Baltic States and Ukraine continue to attract a great deal of attention. But much less attention... MORE

Saudi Crown Prince Mohammad bin Salman stated, on March 26, that the Organization of the Petroleum Exporting Countries (OPEC) is considering signing a new long-term agreement with Russia and other non-OPEC members. This accord that would allow the group to control prices on the international... MORE

Turkmenistan’s President Gurbanguly Berdimuhamedow visited the United Arab Emirates and Kuwait in mid-March as part of a campaign to revive a long-stalled natural gas pipeline from his country to Pakistan and India (Neftegaz.ru, March 16). The visit occurred three weeks after a February 23 groundbreaking... MORE

On March 15, Baku hosted the first official ministerial meeting of a new quadrilateral regional format, encompassing Azerbaijan, Turkey, Iran and Georgia (Trend, March 15). The new grouping was conceived to enhance cooperation among the four neighboring states, particularly in the security sphere. Until now,... MORE

Prime Minister Theresa May issued a statement, on March 14, that the United Kingdom was evaluating other natural gas import options to decrease her country’s dependence on gas imports from Russia. The UK prime minister’s assurance came as a response to a comment made by... MORE

In January, Kazakhstan’s Ministry of National Economy reported that oil production in the country had risen from 78 million to 86.2 million metric tons year-on-year, whereas only six months earlier, in July 2017, the annual forecast had stood at just 81 million. The giant Kashagan... MORE

When Khaltmaa Battulga assumed the presidency of Mongolia in July 2017, most foreign and domestic observers believed he would pursue a much more pro-Russian policy than his globalist-minded predecessor, Tsakhia Elbegdorj. Battulga’s anti-Chinese rhetoric buttressed this prediction during the political campaign, followed by his first... MORE