Turkmenistan-Iran Energy Cooperation
Nowadays, Ashgabat and Tehran managed to establish more trusting relations, compared with relations between Iran and other Central Asian states. Due to the fact that the two countries share a common state border with the total length over 1000 km and confessional closeness, Turkmenistan and Iran stress the importance of […]
Effects Of The Iranian Nuclear Agreement On The Oil Market
Iran is the fourth oil-rich country (157 billion barrels of proven oil reserves) and the first natural gas-rich country (33.8 trillion cubic meters of proven natural gas reserves) in the world. Before the implementation of sanctions, Iran was the second largest crude oil exporter among the Petroleum Exporting Countries (OPEC) […]
New Phase of the Caspian Sea Delimitation
At the end of May 2015, it became widely known that Astana and Ashgabat signed a draft decree on ratification of the Agreement between Kazakhstan and Turkmenistan on the delimitation of the Caspian Sea. The Mejlis of Turkmenistan reviewed and approved a draft law on ratification of the Agreement on […]
Perspectives on Potential of Renewable Energy in Kazakhstan
Kazakhstan is an energy rich country, both in fossil fuels and in renewable energy sources, such as hydropower, wind energy, solar radiation, geothermal energy and bio-fuels. However, for today, most of these green energy resources are left untapped. In 2014 renewable energy accounted for 0.6% of electricity generation, not including […]
Energy Security In Caspian Region: In The Context Of International Law
IV Summit of Heads of Caspian States was held in Astrakhan in Russian Federation in 29 September 2014. In this Summit, considerable issues such as cooperation between the Caspian states, the Caspian legal regime development and preservation of its unique natural habitat and aquatic biological resources were held in detail. […]
Southern Gas Corridor: A New Step For The Eu’s Energy Supply
Turkey and Azerbaijan have been trying to implement the Southern Gas Corridor Project as an important project which aims to help the region resources to meet with the world market. By an implementation of this Project, Azerbaijan’s gas (from the Caspian Sea) will have the opportunity to reach Italy, Europe. […]
Tapi Pipeline Building Process: Any Hope For Success?
At the end of the year, energy security in the Eurasian region faced a number of challenges forcing regional and nonregional states to react to the new conditions. It is now doubt that decision of establishing the ambitious TAPI gas pipeline project, a joint venture company for the transportation of […]
Long Run Evaluation of Crude Oil Prices: Structural Breaks, Long Memory or Nonlinearity?
Crude oil is such important energy type that forecasting its prices both in particular and in other types of energy prices in general over time has been widely discussed in the literature. Under the Hotelling modelling tradition, much of the controversy is linked to this choice of a stochastic process […]