Impact of Armenia's Exclusion From Regional Energy Projects

Article

Taking into consideration the importance of energy projects in economic, political and security spheres in this article, by showing Armenia as a main example, ...

Alekberova Fatma

Abstract

Taking into consideration the importance of energy projects in economic, political and security spheres in this article, by showing Armenia as a main example, I am going to try to find answer the questions about what happens if a country doesn’t use its geographical potential and chance of being a partner to the regional projects with bounder states because of its false foreign policies.

Which energy projects do we mean?

If we look at energy demands and supplies in world market there is need for Caspian energy resources as previously the only way to reach European consumers was through the Russian pipelines but nowadays there are Baku – Tbilisi – Ceyhan (BTC) oil pipeline transports crude oil from the Caspian Sea to the Turkish coast of the Mediterranean from where it gets access to European markets and Baku – Tbilisi – Erzurum (South Caucasus Pipeline ), Gas Pipeline to transport gas produced in the Shah Deniz field to Georgia and Turkey, also Baku-Novorossiysk, Baku-Supsa, oil pipelines, Baku-Astara gas pipelines. Ministry of Industry and Energy handles exports as well as exploration and production agreements with foreign companies. The State Oil Company of Azerbaijan (SOCAR) produces less than 20 percent of Azerbaijan's total output, with the remaining 80 % being produced by the BP-operated Azerbaijan International Operating Company and other companies such as Chevron, Statoil, Turkiye Petrolleri, Total, LUKoil, SOCAR, OIEC of Iran directly investing in the development of construction of pipelines.

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