Being an oil export based economy, which focuses on the development of oil and gas bearing areas originating in the Persian Gulf and the Gulf of Oman, Iran pays less attention to the Caspian region, where there is still much work to be done to develop sustainable exploration an
On March 7, 2017, the Prime Ministers of the Eurasian Economic Union (EEU) member states held a meeting of the Eurasian Intergovernmental Council in Bishkek in order to discuss prospects to strengthen mutual trade and ways to remove barriers for the development of the internal
Renewable energy technologies have become more efficient in the recent years, and as a result, more economically feasible. Renewable energy sources have always been appealing in terms of overcoming the effects of greenhouse gas emissions caused by coal-fired power plants.
For the second consecutive year, Turkmenistan is facing the problem of decline in the amount of its natural gas customers. In 2017 Ashgabat reduced the list of its natural gas export routes down to one, namely, to China.
It is essential for the oil-rich Kazakhstan to ensure the progressive development of the export capacity in all the major export routes, as well as to secure transportation of oil and petroleum products to domestic markets.
2016 turned out to be the hottest year on record. Moreover, with 2014 and 2015 previously winning the title of the hottest year, 2016 becomes third one in a row. Besides, 16 out of 17 hottest years on instrumental temperature record took place in the 21st century.
The Kashagan oilfield is located in the nature reserve area of the northern part of the Caspian Sea. The waters here are shallow with depth of two to ten meters. Moreover, the area has an extreme weather conditions with hot summers and cold winters.