| Publication |
2014.
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| Summary/Abstract |
A major but little talked about oil-related event is that last year Kurdistan launched a pipeline that will run through Turkey. This is a harbinger of big geopolitical change. Over the past few decades, the energy sector has regained its footing - this is a great achievement. In the last ten years, exports of oil doubled in
comparison with the Soviet period. During the same time, oil prices rose nearly five times. Production
increased from 340 million to 520 million tons per year. These are very decent numbers, a good result. Many infrastructure projects were implemented, helping to double exports of oil. Baltic pipeline, the Caspian Pipeline Consortium, terminals, gas infrastructure, Nord Stream, the Eastern Siberia-Pacific Ocean pipeline - these are all very serious projects, the base for the future. There are new projects launched, and a part of fields put into operation.
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