October 26th, 2009
Via Foreign Policy, a brief analysis of the role that Kazakh oil is playing in the closer ties between Russia and Turkey over energy. As the article notes:
“…Turkey’s dream of becoming the energy hub of the region, benefiting from all the pipelines either up and running or on paper, in Eurasia, is one step closer to reality. Oil companies from Italy, Russia and Turkey have signed an agreement to move ahead with the South Stream gas pipeline on the seabed of the Black Sea. It will be built concurrently with an oil transport system running through Novorossiysk-Samsun-Ceyhan, across the mountains of central Anatolia.
Almost all the fossil fuels will be sourced from Kazakhstan. Russia currently controls the export of approximately 80% of Kazakhstan’s oil and with Kazakh oil production set to dramatically increase, Russia will continue to control their export market. According to the Jamestown Foundation, currently operating fields are approaching peak capacity and the world-class Kashagan offshore field will be coming on stream within the next decade…”
Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.