Azerbaijan says offshore gas platforms safe after blaze appears in Caspian Sea msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Baku, May 12, AZERTAC
Since the collapse of the Soviet Union, the South Caucasus region’s strategic location and energy resources have played a significant role in increasing the region’s importance and attracting international attention, and major investments have been made in new pipelines and the search for new oil and gas deposits. The South Caucasus region includes Azerbaijan, Georgia, and Armenia and covers a definition with a distinct geopolitical and ethnopolitical background.
Today Azerbaijan is one of the major recipients of the Foreign Direct Investments (FDIs) in the Caucasus region. Several data sets from various sources conclude that the flow of foreign direct investments to Azerbaijan has increased rapidly in the last two decades, and the majority of those investments focused on Azerbaijan’s energy sector, more specifically on the oil and gas sector.
The American Petroleum Institute has signed a Memorandum of Understanding with the African Energy Chamber.
The American Petroleum Institute (API) has announced that it has signed a Memorandum of Understanding (MoU) with the African Energy Chamber (AEC) to collaborate on capacity building initiatives and standardization to enhance safety, environmental protection, and sustainability in African countries.
The MoU is expected to facilitate collaboration between API and AEC members in several areas, including the development of training programs and seminars, the coordination of good practices, and the organization of joint forums about energy issues, the API revealed.
“API is pleased to collaborate with the AEC to expand use of our world-class standards and programs to help enhance the safety, transparency and sustainability of natural gas and oil operations across the African continent,” API Segment Standards and Services Vice President Alexa Burr said in an organization stateme
Despite a collapsing Lebanese economy and considerable political turmoil, Hezbollah continues to threaten Israel. These threats must be taken seriously,.
Turkmenistan, recognizing the changing geopolitical map, rushed in January to end a longstanding dispute with Azerbaijan and agree on the joint exploitation of Caspian Sea oil deposits. The agreement came on the heels of a deal in December for the purchase from ENI Turkmenistan of up to 40,000 tons of petroleum a month by the State Oil Company of Azerbaijan Republic (SOCAR).
The agreement could boost the completion of a
, that would feed into the recently operational Southern Gas Corridor (SGC), bypass Russia and Iran, and supply Greece and Bulgaria via the former Soviet republics.
Scholar
Rauf Mammadov is resident scholar on energy policy at The Middle East Institute. He focuses on issues of energy security, global energy industry trends, as well as energy relations between the Middle East, Central Asia and South Caucasus. He has a particular emphasis on the post-Soviet countries of Eurasia. Prior to joining MEI, Mammadov held top administrative positions for the State Oil Company of Azerbaijan Republic (SOCAR) from 2006 to 2016. In 2012, he founded and managed the United States Representative Office of SOCAR in Washington D.C.
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