Kazakh national oil company KazMunaiGaz bought 75% stake in Romanian oil firm Rompetrol for $2.7bn but requires final approval from the European Union.
The deal will double KazMunaiGaz's refining capacity and give it a total of 630 gasoline...
Tag - Europe
Russia, Turkmenistan and Kazakhstan have agreed to build a new natural gas pipeline around the Caspian Sea, giving Russia significant control over Central Asia's massive natural gas reserves.
The agreement ensures Russia's supremacy over...
In an earlier post, we wrote about the geopolitical positioning going on in the Caspian region.
Infiltrating a little down from oil politics there is politics of oil& gas pipelines, which is increasingly intensifying every passing day.
At present,...
The Caspian Sea has become the world's most strategic geographical location as it has amassed almost one third of world's undeveloped natural gas and oil deposits.
At present, this potentially strategic location is not only influencing regional...
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