November 2016

Production forecasts and export of oil and gas in the Caspian region

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By D.Rozanov

According to forecasts for 2016, oil production in Kazakhstan is expected to reach 74-75 million tons, despite the fact that in 2013 the country produced 81.8 million tons. Certain difficulties experienced Azerbaijan, where in recent years, oil production hovers around 42-43 million tons of oil. In 2013 the country extracted 43.1 million tons, and in 2015 production was 41.6 million tons. More stable is the situation with gas production in Turkmenistan, but even here there are difficulties that can slow down the pace of development of deposits.

Gazprom Gaining Ground in Europe

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By Viktor Katona

Gazprom seems to be serious in its intention to smooth out differences with the European Commission. After breakdown of the «South Stream» pipeline project, «North Stream-1» multi-year obstructionism, and numerous attempts by Brussels to deprive the Russian gas giant of a competitive advantage in prevent its dominance, events in recent months might boost new projects of the Russian export monopolist in Europe.