SOCAR, Azerbaijan’s state oil and gas company, announced in a June 24 press release that they had accepted delivery of the Satti, a jack-up rig for offshore drilling, from erstwhile owner KazMunayGas. The rig is almost new, having been completed […]
Russia and Uzbekistan are making steady progress on their plans to cooperate in the construction of a nuclear power plant (NPP) in the Central Asian state. While proposals for the construction of an NPP in Uzbekistan have existed for many […]
On March 5, the Asian Development Bank (ADB) announced that they had signed off on $11.5 million worth of funding in tenge equivalent for a solar plant to be built in Baikonur near the eponymous Russian space center. According to […]
The 5th meeting of the Southern Gas Corridor (SGC) Advisory Council took place on February 20, hosted in Baku by President Ilham Aliyev. President Aliyev reported in his speech that the Trans-Adriatic Pipeline (TAP) had progressed 85 percent of the […]
Turkmen President Gurbanguly Berdimuhamedov recently conveyed plans for Turkmenistan to radically increase its electricity exports, expressing the ambition to add 3 billion kilowatt hours (kWh) to the current volume of 3.3 billion kWh per year. While achieving an almost twofold […]
Viking Train is a project initially dedicated to facilitating logistical links between the Baltic and the Black Sea by establishing a rail corridor in Lithuania, Belarus and Ukraine for cargo transport. The first concrete step to realizing this project came […]
Equinor recently announced that planning is underway for greenfield development of two oil and gas blocks in the Caspian Sea, in collaboration with Azerbaijan’s SOCAR. “Together with SOCAR we are now maturing the plans for exploration and appraisal operations in […]
BP recently released its decision to allocate $28 billion of financing for exploratory drilling in Azerbaijan. This announcement comes on the heels of comments by BP representatives in May 2018 — signaling the oil major’s readiness to begin drilling in […]
Caspian Policy Center (CPC) is an independent, nonprofit research think tank based in Washington D.C. Economic, political, energy and security issues of the Caspian region constitute the central research focus of the Center.
