Word: baku
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...China and Russia also still disagree on how to finance those unbuilt pipelines, which are likely to cost billions of dollars. (As a measure of how expensive these projects are, the BTC oil pipeline linking Azerbaijan's capital, Baku, through Tbilisi, Georgia, to Turkey's Caspian port of Ceyhan cost $4 billion to build in the early 2000s.) "Gazprom has been looking to get into the Chinese market for a considerable time, but the problem has always been over agreeing on the price," says Julian Lee, a senior energy analyst for the Center for Global Energy Studies in London. "There...
...Summer Olympics, and for the finalists - Madrid, Rio de Janeiro, Chicago and Tokyo - its decision marks the culmination of a journey of more than two years. They've already weathered both regional selection competitions and IOC evaluations that weeded out three earlier candidates (sorry, Doha, Prague and Baku, Azerbaijan). But for these four cities, the final step in winning the Games is surviving an unusual voting process that in the past has produced surprising upsets - and been shaken by corruption. (See pictures of what becomes of past Olympic stadiums...
...seabed agreement. At the signing ceremony on Monday, Turkish Prime Minister Recep Tayyip Erdogan also talked of supplies from Iraq and Iran, but political tensions and security concerns make them distant prospects. Even security in Turkey is an issue: last year Kurdish separatists attacked the Baku-Tblisi-Ceyhan oil pipeline, halting supplies for 19 days. (Read: "New Turkish Law Curbs Military's Power...
...Still, nationalist elements in both countries are opposed to any kind of rapprochement. Deniz Baykal, leader of Turkey's Republican People's party, said he would prefer to see President Gul attend a match in Baku instead. Devlet Bahceli, leader of the Nationalist Action party, said it was a mistake to travel to Yerevan before Turkey and Armenia had solved their problems...
...country that gained its independence only recently, after almost two centuries of Russian domination, deserves international support that goes beyond simple declarations of sympathy. Then there are questions of geostrategy. An independent Georgia is critical to the international flow of oil. A pipeline for crude oil now runs from Baku in Azerbaijan, on the Caspian Sea, through Georgia to the Turkish Mediterranean coast. The link provides the West access to the energy resources of central Asia. If that access is cut, the Western world will lose an important opportunity to diversify its sources of energy...