Courtesy of STRATFOR (subscription required), an interesting analysis of the decision by Turkish Energy Minister Taner Yildiz to join Iranian President Mahmoud Ahmadinejad and Turkmen President Gurbanguly Berdimukhammedov at the Jan. 6 inauguration ceremony for a natural gas pipeline running from Turkmenistan to Iran. As the article notes, Yildiz’s presence raises the possibility that new […]
Read more »Courtesy of The Financial Express, a report on ONGC Videsh Ltd’s (OVL), the special-function arm of state-owned oil and gas producer ONGC, efforts in finding equity oil abroad especially in Iran. As the article notes: “Iran is strategically important for us, as in a world worried over the progressive depletion of hydrocarbon reserves it is […]
Read more »Via Xinhua News, a report that Iran and Venezuela will launch a joint oil company with its headquarters based in Spain. As the article notes: “…Iran and Venezuela are establishing an oil company named Beniroug which allows us to make investments and activities in other countries, including Cuba, Sudan, China and Bolivia,” First Secretary for […]
Read more »Courtesy of The New York Times, an interesting look at a special type of investment in Iran, namely the Islamic Revolutionary Guards Corps’ recent takeover of a majority share in the nation’s telecommunications monopoly. As the article notes: “…The nearly $8 billion acquisition by a company affiliated with the elite force has amplified concerns in […]
Read more »Via The Oil Drum, an in-depth look at Turkmenistan’s natural gas reserves. As the report notes: “…Turkmenistan holds significantly large quantities of natural gas (they hold the world’s fourth largest reserves) and these have, over the years, proved attractive to Russia, China and the West. Until fairly recently, despite some bad relationships from time to […]
Read more »Via The Asia Times, a report on a recent meeting of Caspian states that could foreshadow the emergence of a new regional economic grouping. As the article notes: “…On September 11-13, the presidents of Russia, Kazakhstan, Turkmenistan and Azerbaijan will meet in the Kazakh city of Aktau, on the shores of the Caspian Sea. The […]
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