Italian oil major Eni finalized a deal with Turkmenistan that will allow the energy giant to begin exploration in the Turkmen offshore reserve known as Nebit Dag. Turkmen officials had long been in talks with Eni officials, though the deal was ultimately ratified after a visit between Italian Prime Minister Matteo Renzi and Turkmen President…
India, Turkmenistan, Pakistan and Afghanistan have incorporated a new, joint company that will be used to commission the construction of the TAPI pipeline. The joint company will be owned in equal 25% shares by the four interested parties and will consult with the Asian Development Bank on the pipeline’s eventual development. The TAPI pipeline will…
President Almazbek Atambayev, after completing a tour of his neighboring countries in Central Asia, announced a deal on Tuesday with neighboring Kazakhstan that would supply some 1,400 kilowatt hours of electricity to power-starved Kyrgyzstan. Atambayev has been on a tour around Central Asia courting power agreements, and has been able to ink key agreements with…
Oil inspectors working for the Russian government have begun to investigate “major Russian oil firms” on suspicion of market rigging and price fixing. The inquiry was announced as officials in Moscow begin to suspect that key Russian energy firms have leveraged their status as significant economic players to drive up the price of oil across…
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