Why is Iran Willing to Suffer Economic and Political Isolation just for Nuclear?
In the past year, tensions surrounding Iran’s nuclear ambitions reached unprecedented levels, verging on war. With Israel assigning a “red line” for Iran’s proliferation efforts, the world nervously awaited for a likely Israeli air strike on suspected Iran’s nuclear sites—with all of its enormous political and economic consequences.
EU threatens cut-off, talks with Russia continue
CYPRUS’S finance minister pleaded with Russia for help on Wednesday to avert a financial meltdown after the island's parliament rejected the terms of a European bailout, raising the spectre of a looming default and bank crash.
Ukraine Looks to Turkmenistan to Solve Its Energy Security Challenges
On February 12, Ukrainian President Victor Yanukovych paid a three-day visit to gas-rich Turkmenistan to sign a memorandum of understanding on energy cooperation and reiterate Kyiv’s interest in resuming direct imports of the Central Asian country’s natural gas, which were suspended in 2006 (Interfax-Ukraine, February 14).
Kazakhstan Blackmails Russia over Gas Supplies
Kazakhstan could divert its natural gas supplies from the largest deposit in Karachaganak to China if it fails to sign a contract with Russia.
Turkmenistan plans production at big gas field
Turkmenistan aims to start production by July at the Galkynysh natural gas field, the world's second largest, said its minister of oil and gas as the country seeks to boost exports of the fuel and diversify its markets.
Ukraine gives its gas transport system to Azerbaijan in exchange for Azeri oil in 2016 and construction of hydroelectric plant
The Ministry of Energy & Coal Industry of Ukraine informs that Stavitsky was received by First Deputy Prime Minister of Azerbaijan Yagub Eyubov, met with Industry & Energy Minister Natig Aliev, participated in a meeting with involvement of representatives of the State Oil Company of Azerbaijan (SOCAR) and Azerenerji OJSC.
Kazakhstan may transport oil through Turkmenistan and Iran
Kazakhstan does not exclude the possibility of transporting its oil through the new Kazakhstan-Turkmenistan-Iran railway to the Persian Gulf, the general director of KazTransOil JSC Kairgeldy Kabyldin told Trend.
Turkey is willing to exist on whole Iraqi soil
Controversial energy projects between Turkey and the Kurdistan Regional Government (KRG) are necessary for the continued “normalization” of Iraq, according to Turkish Energy Minister Taner Yıldız.
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