Russia denounces war talk against Iran
Tensions between Iran and the U.S. could escalate towards potential war, but both Russia and China are opposed to Western intervention in Iran.
Japan, India agree to boost maritime security cooperation
Japanese Prime Minister Yoshihiko Noda and his Indian counterpart Manmohan Singh on Wednesday signed a joint statement enhancing cooperation in maritime security activities in the Indian Ocean.
Clock Ticking for West to Act on Iranian Nuclear Program
Ehud Barak, the defense minister of Israel, said in late November that it was probably a question of nine months before Iran’s attempt to acquire nuclear weapons moved into a “zone of immunity” where it could no longer be stopped.
Russia eyes return to Libyan energy sector
With Libyan oil production returning to pre-war levels, Russian energy companies might be well positioned to work with the new government, an analyst said.
Afghanistan signs first major oil deal with China
Afghanistan on Wednesday signed an oil deal with China which could earn the war-torn country $7 billion over 25 years.
Gazprom to press on with South Stream regardless of Ukraine option
Russia's gas export monopoly Gazprom will not abandon its plans to implement the South Stream gas pipeline project, even if it reaches agreement with Ukraine on operating its gas transportation system, Gazprom export head Alexander Medvedev said on Wednesday.
China begins scramble for Afghanistan's oil reserves
China began the scramble for Afghanistan's untapped oil reserves yesterday by announcing an exploration contract with Kabul – the first such international agreement in decades.
US, India advance bilateral relationship despite frictions
Despite differences over the nuclear liability issue, Washington's disappointment on the fighter jets deal, FDI and New Delhi's refusal to toe West's line on Syria and Libya at the UN Security Council, India and the US tried hard to look beyond frictions to expand their ties to new areas this year.
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