Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery

Volatility, Diversification and Oil Shock in Resource-Rich Turkic Countries: Avenues for Recovery Well-known “Bilig” journal, which indexed by Social Sciences Citation Index, has published the CESD research article The paper analyses the current level of economic and export diversification in three resource-rich Caspian basin Countries: Kazakhstan, Azerbaijan and Turkmenistan and attempts to reveal the underlying causes of high vulnerability of... Read More

Putin: EU should observe Russia`s stance on Trans-Caspian gas route

Putin: EU should observe Russia`s stance on Trans-Caspian gas route Any decision made by the European Union on the Trans-Caspian Gas Pipeline should first be adopted by the countries of the so-called “Caspian five“: Russia, Azerbaijan, Iran, Kazakhstan and Turkmenistan, presidential aide Yury Ushakov said last Friday, citing Russian President Vladimir Putin. The Trans-Caspian Gas Pipeline is designed to pump gas from the Caspian region... Read More

Ashgabat turns to Trans-Caspian project

Ashgabat turns to Trans-Caspian project Information “on the progress made in Brussels at the tripartite meeting on the Trans-Caspian gas pipeline,” was announced at a regular meeting of the Cabinet of Ministers of Turkmenistan, the Turkmen government said on Saturday. It was also reported that another similar meeting is planned for the next month. “The Turkmen State demonstrates a responsible approach to international cooperation... Read More

Natural Gas Europe referenced CESD reports

Natural Gas Europe referenced CESD reports Natural Gas Europe published new article titled as “Kremlin’s Offer to Turkmenistan: “More Political Than Economic”. The journal referenced CESD reports and states that “If anything, Baku has been saying lately that Nabucco is too ambitious and that it will develop its Shah-Deniz II fields for smaller pipelines, the Baku-based Center for Economic and Social Development said this week”. Natural... Read More

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More

Is South Stream Aganist Nabucco?

Is South Stream Aganist Nabucco? ‘Nabucco is a unique European-Turkish project and not affected by other project proposals’, said the spokesperson for Nabucco Christian Dolezal. He says that, South Stream was a rout substitute while Nabucco opened a new corridor with diversified gas supply for Turkey and Europe: “Nabucco has a very strong legal framework with all transit countries and Turkey in form of the Intergovernmental Agreement... Read More

Is there optimism for Nabucco?

Is there optimism for Nabucco? The Nabucco project is optimistic about a decision by the consortium developing Azerbaijan’s Shahdaniz gas field to select a pipeline for Azerbaijani gas exports to Europe, Nabucco Gas Pipeline International GmbH Managing Director Reinhard Mitschek said in an interview with the Baku-based Trend news agency. “We are optimistic that the partners in the Shahdaniz consortium will make a decision as soon as possible,”... Read More