To read the full story
Azerbaijan’s state oil company, SOCAR, is negotiating with authorities in Kyrgyzstan to set up a refinery in the country. While the project may help the Kyrgyz economy, it remains unclear whether it will help wean Bishkek off Russian energy supplies or force Kyrgyzstan simply to swap its dependence on Russian refined fuel for a dependence on Russian crude oil.
A delegation from SOCAR visited Bishkek in early March. According to Kyrgyzstan’s Ministry of Energy, the group was in Kyrgyzstan to survey locations in Chui Province, and discuss investment, tax, and trade regulations. Negotiations also touched on the country’s shaky electricity supply and its modest oil and gas reserves. The visit follows a January meeting between Kyrgyz President Almazbek Atambayev and SOCAR President Rovnag Abdullayev in Bishkek.