The time is ripe for more cooperation between Hungary and Azerbaijan on energy projects, Hungarian Foreign Affairs Secretary Peter Szijjarto said this week. Szijjarto, who is also in charge Hungary's external economic relations, said Monday during a visit to Baku the two country's state-owned energy companies -- Hungary's MOL Group and Azerbaijan's SOCAR -- are poised to work together, the Trend news agency reported.

• July 25, 2012

BP's latest annual "Statistical Review of World Energy" has revealed Turkmenistan's proven gas reserves as even bigger than previously assessed. It appraises Turkmenistan's proven reserves at 24.3 trillion cubic meters as of the end of 2011, almost double the 13.4 trillion cubic meters noted a year earlier, and itself an increase over the previously reported nine trillion cubic meters in proven reserves. On the current assessment, Turkmenistan holds 11.7% of the world’s proven natural gas reserves.

• July 24, 2012

Talks between experts from Iran and the six world powers on the Islamic Republic's disputed nuclear program ended without significant progress in the Turkish city of Istanbul early Wednesday, with the participants agreeing to hold further meetings on the issue as agreed earlier, according to the European Union.

• July 24, 2012

China Sunergy Co., Ltd. (Nasdaq: CSUN) ("China Sunergy" or the "Company"), a specialized solar cell and module manufacturer, announced today that it had signed a 7.8MW solar module sales contract with Urban Group Energy, the energy arm of Urban Group Australia, one of the top conglomerate companies in Australia. Delivery of the solar modules was scheduled to be completed by the end of August 2012.

• July 24, 2012

Azerbaijani market is attractive for Hungarian construction companies, Hungarian State Secretary, co-chairman of the joint intergovernmental commission Péter Szijjártó told media today.

• July 23, 2012

The shooting down of a Turkish jet by Syria has not only heightened Turkish-Syrian tensions but has also speeded up the efforts to find a solution to the Syria crisis. To this end, the Syria Action Group convened on June 30 in Geneva at the behest of international envoy Kofi Annan.

• July 23, 2012

North Korea on Friday added a fresh nuclear threat to a propaganda campaign apparently aimed at diverting attention from internecine power struggles and consolidating leader Kim Jong-un’s rule. A spokesman for the North’s Foreign Ministry in a statement said the U.S.’ hostility to the North has reached an ‘extremely reckless level’ where it ‘incites an enormously hostile act insulting the dignity’ of the ruling Kim family.

• July 23, 2012

Turkmenistan has expressed readiness to increase export of electricity and natural gas to its southwestern neighboring state, Iran.

• July 21, 2012