After Baku's victory in Nagorno-Karabakh, Russia can count on Azerbaijani oil

The victory in the Nagorno-Karabakh conflict expanded the borders of Azerbaijan, and the presence of Russian peacekeeping troops in the NKR actually perpetuated these gains. The signing of the ceasefire agreement coincided with the withdrawal of the American companies ExxonMobil and Chevron from the Azerbaijani oil and gas market, which opens up new opportunities for Russian commodity concerns. writes about the new prospects of Russian oilmen in the South Caucasus.

First of all, the Russian corporation Lukoil is counting on Azerbaijani oil, which together with the Azerbaijani state company SOCAR will launch an energy project for the development of oil fields. Last but not least, this corporation will ensure itself the chances of entering the raw materials market of Azerbaijan thanks to its head Vagit Alekperov, an ethnic Azerbaijani who once studied at the Azerbaijan State Oil University.

The Nakhchivan field is of particular interest to Lukoil. The concern also expressed interest in participating in the Umid-Babek project, the reserves of which are estimated at 500 billion cubic meters of gas, as well as about 1 billion barrels of condensate.

The coming months may bring news on the further penetration of Russia into the Azerbaijani oil industry

- believe American experts.

Thus, Moscow's non-acceptance of any side in the military confrontation in Nagorno-Karabakh, as well as the guarantee of new Azerbaijani borders, expands the range of actions of Russian oil giants, primarily Lukoil, which has long had its business interests in the Caspian region.
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  1. Hayer31 Offline Hayer31
    Hayer31 (Kashchei) 9 December 2020 18: 42
    Everything has already been said, "it can roshit" but oil is already being pumped to Turkey.
    1. 123 Offline 123
      123 (123) 9 December 2020 19: 12
      Everything has already been said, "it can roshit" but oil is already being pumped to Turkey.

      Don't you know? Tomatoes will now be sold to Turkey, now they have no time for oil.
  2. Bakht Offline Bakht
    Bakht (Bakhtiyar) 9 December 2020 19: 43
    I'm not as sure as the American experts. In any case, what is on the surface does not always reflect deep processes.
  3. Sergey Latyshev (Serge) 9 December 2020 21: 29
    Right! Money doesn't smell.

    True, where does Russia come from? Chances, that is, to make money from an Azerbaijani oligarch.
    And oil is unlikely to be delivered to us ...
  4. ODRAP Offline ODRAP
    ODRAP (Alexey) 9 December 2020 23: 42
    It's time to think not about the market, but about the eternal, no matter how embargo is introduced ...
  5. Bulanov Online Bulanov
    Bulanov (Vladimir) 10 December 2020 09: 37
    Azerbaijan needs to offer its own railway for the use of Russia-Iran. Then they will be rich!
    1. Bitter Offline Bitter
      Bitter 10 December 2020 11: 04
      Azerbaijan needs ...

      If you do not specify what they need, you can avoid epithets about who and where to go. laughing
      Azerbaijan, with Turkish help, of course, skillfully using the "quarrel" between Armenian and Russian politicians, restored its influence in the "lost" regions. The Turks did not lose either. The Russians, although a little late, still managed at the last moment to put their foot in the closing door with their peacekeeping mission. Five years is not a long term, but then what? In general, Azerbaijan won the battle with its ally, and concrete bans on the import of "tactical" products and vague promises of the other side, on something to count on, speak about this. recourse