OPEC mulls a long-term alliance with Russia to keep oil prices stable The Economist comments on the strengthening relationship between Saudi Arabia and Russia and puts forward the idea that the countries are set to reach more effective limits to the global production of oil. Resurgence of shale production in the U.S. makes it natural for the large producers whose economies are strongly dependent on...

Baku, Azerbaijan 5-18 August 2018   About Summer School For the second time, Azerbaijan State Oil and Industry University offers a unique opportunity for a selected group of highly motivated and prospective undergraduate, graduate and postgraduate students to experience top-class and challenging university-level summer school on "Post Oil Economy".   Why participate? - Broaden economical and...

The role of oil in the economic development of a country is very disputed as the “black gold” has caused dozens of conflicts, recessions, inequality, and other problems together with its opportunities. In some countries it can be compared to a curse and, indeed, the colour of oil can also lead to the dissemination of such an image in people’s minds. To speak metaphorically, oil resembles...

“A new chapter in the history of international politics has begun, one in which the pursuit and control of energy resources would be the central dynamic of world affairs, and governments.” (Guay, 2014) (Michael T. Klare)   In the study of foreign policy there are variety of approaches, each explaining its essence, functions goals and objectives. Through its foreign policy, state pursues...

  A recent series of terrorist attacks in Kazakhstan shattered the entire region and led to speculations about the strengthening of radical elements in Central Asia. Mr. Aidar Amrebayev, a political expert from Kazakhstan, shares his opinion about what could await his country in the aftermath of terrorist attacks, in the light of fluctuating oil prices and Eurasian integration.   Interviewer:...

 “Safety and certainty in oil lie in variety and variety alone”[1] Winston Churchill   A famous doctrine of classical geopolitics goes: “Who controls Eurasia, (Heartland) eventually, he will be able to run the world”. Subsequently, however, changing circumstances have been shaping and reorganizing foreign policies and political interests of states. Hence, a new dogma has...

The (un)expected turning point occurred in the energy market when one of the world’s biggest crude oil exporters – Saudi Arabia declared that it will cut dependence on oil revenue by 2020. The new ambitious strategic concept intends to lay out a new economic trajectory amid the deep crisis in the oil market. The chief mastermind behind this ambitious plan is Minister of defence of the Kingdom...

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