China Striving to Boost Energy Imports from Turkmenistan

China Striving to Boost Energy Imports from Turkmenistan

China is expected to be a major presence at the 28th meeting of the Energy Charter Conference, scheduled to be held in the Turkmen capital Ashgabat on November 28-29. Chinese officials are looking to catalyze efforts to secure larger volumes of energy imports from Central Asian suppliers, especially Turkmenistan, and promote projects connected to the $1-trillion Belt and Road infrastructure development initiative. The Energy Charter Treaty dates back to 1991 and was designed to provide a ...

Russia’s landmark Iran energy deal killed four birds with one stone

Russia’s landmark Iran energy deal killed four birds with one stone

Russia’s gargantuan $30 bn energy deal with Iran accomplished four objectives that are central to the grand strategic goals behind Moscow’s “Ummah Pivot” (Oriental Review) – Rosneft chief executive Igor Sechin announced that his company signed a roadmap to invest the mind-numbingly large sum of $30 billion in the Iranian energy sector following his and President Putin’s visit to the Islamic Republic to hold three-way talks with Azerbaijan. This masterstroke of energy diplomacy wouldn’t have ...

On the Iran Nuclear Deal - Yes, but . . .

On the Iran Nuclear Deal: Yes, but . . .

Author: Richard N. Haass, President, Council on Foreign Relations The agreement to constrain Iran’s nuclear capacity, the Joint Comprehensive Plan of Action (JCPOA), which the U.S. Congress will vote on next month, places significant limits on Iran’s nuclear program for a decade or longer. At the same time, the accord allows Iran access to resources that will enhance its ability to carry out a worrisome agenda throughout much of the Middle East. In addition, the agreement in no way resolves ...

Iran, World Powers Reach Historic Nuclear Deal

Iran, World Powers Reach Historic Nuclear Deal

After 20 months of negotiations, four target dates and three extensions, Iran, the United States, China, France, Germany, Russia and the United Kingdom announced that they reached a historic deal on Tuesday that will limit Tehran’s nuclear ability, in exchange for lifting international oil and financial sanctions. Federica Mogherini, the European Union’s foreign policy chief, said “Today is a historic day,” and called it a great honor “for us to announce that we have reached an agreement on ...

A New Course for U.S. Foreign Policy?

A New Course for U.S. Foreign Policy?

Eurasia Group identified political dysfunction in Europe as its leading global risk in 2015. The Greek debt crisis has deteriorated rapidly in recent days, but even if a deal is reached in the short term, will the European Union be any closer to addressing its deeper structural issues? Absolutely not. Everything we were concerned about at the beginning of the year—rising anti-Europe sentiment, divisions between EU governments, and the external threat from Russia—continues to be the case. A ...

epa04846556 A handout picture made available by the Office of the Iranian President shows the Iranian President, Hassan Rowhani, after delivering a statement after a nuclear agreement was reached, in Tehran, Iran, 14 July 2015. Rowhani referred to the agreement in the nuclear dispute as 'end the hostile policy' against Iran and the beginning of a new era of cooperation, adding 'Today is a day of new beginnings in a better future for our youth, for more progress and well-being.' Iran and six world powers have agreed on a deal over Iran's controversial nuclear programme.  EPA/PRESIDENTIAL OFFICIAL WEBSITE / HANDOUT  HANDOUT EDITORIAL USE ONLY/NO SALES HANDOUT EDITORIAL USE ONLY/NO SALES

Big oil’s mixed bag on Iran deal

The gradual lifting of sanctions on Iran following the landmark nuclear weapons deal Tuesday isn’t a clear winner for international oil companies. Once the agreement is finalized and sanctions are removed, the industry’s biggest players will be free to return to some of the world’s largest oil and gas reservoirs. At the head of the pack are expected to be European companies that already had strong footholds in Iran before sanctions pushed them out in 2012 — including Eni in Italy, Total in ...

BRICS Are Breaking With the West

BRICS Are Breaking With the West

The leaders of Brazil, Russia, India, China, and South Africa (BRICS) are gathering in the Russian city of Ufa for their seventh annual summit. The bloc is expected to usher in a pair of institutions, a development bank and a currency reserve fund, that they hope will diminish Western control of the global financial system. Stewart M. Patrick, director of CFR’s International Institutions and Global Governance Program, offers three things to know about the BRICS. Diverse but Cooperative: The ...

Can the TPP Launch a New Era of Governance for Digital Commerce?

Can the TPP Launch a New Era of Governance for Digital Commerce?

From: cfr.org With Congress passing trade promotion authority, negotiation of the Trans-Pacific Partnership (TPP) agreement is entering its final stages. In the authorizing legislation, Congress recognized “the growing significance of the Internet as a trading platform in international commerce” and instructed President Obama to achieve objectives concerning digital trade in goods and services and cross-border data flows. The Obama administrationwants “digital trade rules-of-the-road” in the ...

Iran’s Nuclear Deal - Three Things to Know

Iran’s Nuclear Deal: Three Things to Know

Talks over Iran’s nuclear program have concluded with a deal that will limit Iran’s nuclear capabilities in exchange for relief from economic and financial sanctions. Before the sanctions are lifted, Iran must show that it has implemented agreed-upon restrictions. CFR Senior Fellow Philip Gordon offers three things to know about the recent agreement. Approval Required: The UN Security Council and U.S. Congress must approve the deal, which will take two months, says Gordon. Then the ...

The Risks and Rewards of SCO Expansion

The Risks and Rewards of SCO Expansion

On July 9–10, the Shanghai Cooperation Organization (SCO) will hold its fifteenth summit in Ufa, Russia. At this meeting, the regional grouping—composed of China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan—will start the process of expansion for the first time with the inclusion of India and Pakistan. An expanded membership will confer greater legitimacy on the SCO and yield security and economic benefits for its members. However, the risk that India and Pakistan will prevent the ...

TPP - Free Trade Or Corporate Interests?

TPP: Free Trade Or Corporate Interests?

On June 12, the U.S. House of Representatives passed Trade Promotion Authority (TPA) while rejecting Trade Adjustment Assistance (TAA). The Senate version of the bill, with TAA and TPA adjoined, passed. Typically, a bill such as TAA would have strong Democratic support because it provides assistance to individuals who lose jobs due to trade deals. However, since the bills were separate in the House and adjoined in the Senate, House Democrats voted it down to prevent TPA from being signed into ...