Hungarian MOL and Wintershall of Germany have signed an agreement whereby MOL acquires ownership stakes in 14 offshore oil fields originally licensed to Wintershall in the North Sea. Signed in Budapest on December 13, the agreement is expected to be closed in early 2014 pending... MORE

Russian President Vladimir Putin visited Armenia on December 2 to seal his triumph in turning Armenia away from the European Union (see accompanying article). Putin and Armenian President Serzh Sargsyan noted that Armenia has participated in three high-level meetings in the course of three months... MORE

The construction of the South Stream natural gas pipeline was effectively put on hold after the European Commission (EC) announced that Russia’s bilateral agreements with Bulgaria, Serbia, Hungary, Slovenia, Greece and Austria were in breach of European Union law. Klaus-Dieter Borchardt, director for energy markets... MORE

On October 8, Chevron announced its decision to withdraw its lone bid in a tender for shale gas exploration rights (vzinios.lt, October 8). “Because of the changing regulatory and legislative landscape, Chevron believes that its business interests in Lithuania are best served focusing on our... MORE

The Croatian authorities’ pressures on Hungarian MOL (see EDM, November 14) are not a novel development. In 2011, the government (led by the Croatian Democratic Union at that time) imposed a legal cap on MOL’s stake in INA at 49 percent. When the European Union’s... MORE

Militants in Dagestan have been extensively targeting judges in the republic, killing four so far this year. On January 15, Dagestani Supreme Court judge Magomed Magomedov was killed in Makhachkala. On March 9, federal judge Akhmed Rajabov was killed near his home in Izberbash. On... MORE

The Ukrainian government is launching major natural gas extraction projects in the country, as joint ventures with leading Western companies (Interfax-Ukraine, Ukrinform, November 5). At present, Ukraine depends on Russian gas imports for more than 60 percent of Ukraine’s total annual consumption (Bloomberg, November 7).... MORE

Russian Prime Minister Dmitry Medvedev visited Beijing on October 22 and 23, as Russia signed large energy, trade and investment deals with the Chinese government. Rosneft signed a Memorandum of Understanding (MoU) with CNPC to form a joint venture to explore several fields in eastern... MORE

                Executive SummaryTwo years ago, Colonel Muammar Gaddafi’s assassination by Western-backed rebels (October 20, 2011) marked the end of all-out civil war and the collapse of the state in Libya. The United States and the North Atlantic Treaty Organization (NATO) based their case for... MORE

The CASA-1000 project is confidently moving forward (see EDM, October 7) and the construction work, although a little delayed, reportedly will start in 2014 (https://www.regnum.ru/news/fd-abroad/polit/1708783.html). CASA-1000 is a large-scale proposed series of hydroelectric dams and power generation sites in Kyrgyzstan and Tajikistan that would be... MORE