Eurasianet

In spite of ascendant political ties between the two allies, the apparent temporary nature of the new agreement speaks to their differing economic priorities.

The country has developed rapidly based on oil and gas revenues. But a new report says Azerbaijan risks potential shocks if it continues to depend so heavily on hydrocarbons.

The project threatens the delicate regional military balance.

In spite of the warm political ties between the two states, Ankara appears in no great hurry to renew the contract, believing it holds the upper hand.

Iran stands to be one of the winners of the new regional transportation map.

While the hydrocarbon field that Baku and Ashgabat will jointly develop isn’t itself a gamechanger, it could finally open up Turkmenistan’s massive gas reserves for European markets.

While it would be wrong to start pointing fingers and formulating conspiracy theories, clearly the risks are many and real.

The move would sideline Iranian gas sales to the Azerbaijani exclave and help Ankara get back in Washington’s good graces.

Don’t assume the push is motivated by an environmentalist impulse.

The deal would reduce the Caucasus’s reliance on Russian gas but could incur the ire of both Moscow and Washington.

New wells are targeting potential gas fields which could substantially boost Azerbaijan's gas exports.

Azerbaijan is in the most complicated position, as it has plans to jointly develop shared oil and gas fields with Iran.

The refinery strengthens SOCAR's position as the single-largest foreign investor in Turkey.

The agreement would end a dispute that has festered since the Soviet Union's collapse.

The pipeline to Europe would compete with Russian gas networks.

Confirmation of the loan comes as Ankara and Brussels have been trying to patch things up after a rocky period in relations.

The decision was made over the objections of human rights and environmental groups.