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AssessmentsMay 12, 2020 | 10:00 GMT
An image of a gas flare at the Mozyr Oil Refinery in Belarus on Jan. 4, 2020. Russia recently resumed its oil deliveries to Belarus after a pricing dispute prompted Moscow to halt its supplies at the beginning of the year.
By Diversifying Its Oil Imports, Belarus Limits Russia’s Leverage
In recent months, Russia has weaponized its discounted oil deliveries to coerce Belarus into accepting a level of economic and political integration that would essentially guarantee its loyalty. This strategy, however, has only emboldened Minsk’s push to diversify its oil imports. But Belarus’ continued dependence on Russia’s close trade ties and natural gas exports will still leave Moscow armed with other sources of leverage to wield over its smaller neighbor in future negotiations.
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Partner PerspectivesJul 24, 2017 | 09:44 GMT
Oil companies from Russia, China, Kazakhstan, Azerbaijan and Italy have teamed up to form a consortium for the exploration and exploitation of what is expected to be a new “giant” located in the heart of the northern Caspian tectonic structure.
Kazakhstan and Eurasia Form New Oil Consortium in a Multi-Billion Caspian Project
Oil companies from Russia, China, Kazakhstan, Azerbaijan and Italy have teamed up to form a consortium for the exploration and exploitation of what is expected to be a new “giant” located in the heart of the northern Caspian tectonic structure. The project, if successful and if market demand remains unchanged, should prolong Kazakhstan's position as a global oil supplier from 2040 to 2080.
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Partner PerspectivesJun 6, 2017 | 13:39 GMT
Caspian Sea Dispute: Where Solutions Jump Ahead of Problems
A fair division of the Caspian seabed including exploitation rights has been subject to debate for a quarter of a century now. Time and again, the governments of littoral states — Azerbaijan, Iran, Kazakhstan, Turkmenistan, and Russia — have assured the world that they are on the brink of clinching a comprehensive agreement.
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AssessmentsJan 15, 2016 | 09:00 GMT
An oil pump in Baku, Azerbaijan.
Amid Low Oil Prices, Azerbaijan Braces for Protests
As global oil prices continue to fall, protests are beginning to intensify in Azerbaijan. The government, led by long-serving President Ilham Aliyev, has a firm grip on power, but Azerbaijan will not be immune to instability if declining oil prices and the economic pain they bring continue. Protests across the country have been contained so far but will bear close watching if they grow and spread in the coming weeks.
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AssessmentsOct 30, 2015 | 09:15 GMT
Despite Fears, Georgia Is Still the West's Partner
Despite Fears, Georgia Is Still the West's Partner
Georgia is looking to hike up its imports of Russian natural gas, and Tbilisi's long-time partners in Azerbaijan and the West are growing concerned. Azerbaijani President Ilham Aliyev is scheduled to visit Georgia on Nov. 6 to discuss energy cooperation, at a time when Georgia's controversial negotiations with Russia have called into question its traditional reliance on Azerbaijan as both an energy supplier and strategic partner. In reality, though, it is unlikely that Georgia will meaningfully shift its foreign policy away from Azerbaijan and the West and toward Russia. Practical and commercial considerations on Tbilisi's part, however, could spur closer energy and economic cooperation between Georgia and Russia in the coming years.
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AssessmentsAug 18, 2015 | 09:00 GMT
Building a European Energy Market
The European Union has long sought to model its energy market after that of the United States. Its goal is to create a unified market with consistent laws and sufficient transit capacity to prevent large pricing differences across the bloc. In practice, such a market would enable European consumers that manage to secure a favorable price for Russian natural gas, such as Germany, to then sell that natural gas to other EU members that are unable to get a good deal, such as Bulgaria.
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