The European Union's senior official for new memberships on Friday expressed concern about rising nationalist rhetoric and divisions in the Balkans as countries seek to join the bloc.
Kazakhstan’s huge oil field Kashagan was officially presented on Dec. 7, Kazakh Energy Ministry said.
Iranian administration and people will not permit the US president-elect, Donald Trump to undermine the nuclear deal signed between Tehran and the six world powers last year, Iranian president Hassan Rouhani said.
Iranian President Hassan Rouhani on Dec. 4 submitted the next fiscal year’s budget to the parliament on Dec.4.
Head of the Atomic Energy Organization of Iran, Ali Akbar Salehi says Tehran has worked necessary options into the Joint Comprehensive Plan of Action (JCPOA), which it can use in case the nuclear deal collapses.
Turkey will chair the Energy Club of the Shanghai Cooperation Organization (SCO) in 2017, making it the first non-member country to do so.
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 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.
Azerbaijan has never considered the Southern Gas Corridor project as a kind of alternative or kind of competitor to any other gas projects being implemented in the region, said Azerbaijan’s President Ilham Aliyev.
The biggest factor holding Washington back from boosting oil output is price, Jim Krane, Middle East energy analyst, Rice University's Baker Institute, Houston, told .