On June 27, 2016, Russian President Vladimir Putin received a letter from his Turkish counterpart Recep Tayyip Erdoğan, expressing Turkey’s willingness to restore ties with Russia. Immediately, Gazprom spokesperson Sergey Kupriyanov announced his company’s openness to dialogue with Ankara on the construction of the “Turkish Stream” natural gas pipeline. Turkish Prime Minister Binali...

Introduction The EU membership referendum that was held in the UK on June 23, 2016, resulted with 51.9% of the population voting in favor of the withdrawal from the European Union. Taking into consideration the 43 years’ long membership of the U.K. in the EU, this event is bound to bring about certain consequences for all the remaining 27 Member-States as well as for countries outside the Union. In...

 “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...

Bulgaria has recently moved even closer to diversifying its sources of natural gas supply. This time, it seems it may be happening with less geopolitical grandeur and fanfare. After years of flirting with Russia over its monster pipeline projects on the Balkans, a 182-km long gas interconnector link with Greece may do the trick. The source? Most probably Azerbaijani gas. On 17 May, 2016, in the Greek city...

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...

Early April of the current year, the news spread from Switzerland reported a long-awaited arrangement: Iran and six world powers that had negotiated for the past several years declared a deal, which would block Tehran from developing nuclear weapons in exchange for the lifting of Western sanctions. Despite some skeptical opinions, the most agreed it was a big diplomatic achievement and hoped for further...

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