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Oil giants in anticipation of sanctions lifting for Iran return

Dimitris Giannakopoulos

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Welcome to the Caspian Daily, where you will find the 10 most important things you need to know on Caspian Sea Region. We appreciate ideas, reports, news and interesting articles. Send along to Caspian[at]moderndiplomacy.eu or on Twitter: @DGiannakopoulos

1Foreign energy giants, which have been waiting for return to the Iranian market, now have a real chance to restore their activity in the Islamic Republic.BP, Royal Dutch Shell and Italy’s largest oil producer Eni are awaiting a lifting of the sanctions against Iran in order to assess the feasibility of participation in oil and gas projects in the country.”For us, Iran is a huge gas province so it would be good to be there – in conventional gas – at the right terms,” Shell’s financial chief Simon Henry said in London according to Press TV.Though Shell is interested in returning to Iran, Henry said that the company did not expect any quick, easy deals.”Anybody who thinks that we are going to suddenly swan in and end up with great contracts that make a difference within 12 months, I think is a little naive. It’s not going to be easy, it will take time,” the energy news provider Platts quoted Henry as saying. Despite Shell’s long-term activities in Iran’s upstream projects, including in South Pars, the firm pulled out of the world’s largest gas field’s Phase 13 development in 2008. Shell also operated Iran’s Soroush and Nowruz oilfields in the Persian Gulf at a capacity of 200,000 barrels per day. An outstanding debt to the tune of $2.3 billion remains unpaid by the company to Iran since 2012.

2Baku, Moscow focus on military cooperation. Azerbaijani and Russian high-ranking officials have discussed the military cooperation between the two countries.Sergei Shoigu, the Russian Defense Minister and Zakir Hasanov, the Azerbaijani Defense Minister met on August 1 during latter’s visit to Moscow, Azerbaijani defense ministry reported.”I am very pleased that you have found time to take part in the opening ceremony of Army games. Hopefully, your team will show good results,” RIA Novosti quoted Shoigu as saying at a meeting with his Azerbaijani counterpart.During the meeting, the Azerbaijani and Russian defense minsters exchanged views on topical issues of regional security, as well as on the state and prospects of military cooperation between Russia and Azerbaijan.

3Russia is Preparing the 4th Open Innovations Forum 2015. From October 28 to November 1, 2015, Moscow will host for the fourth time the annual Open Innovations Forum – the largest event in Russia that focuses on technology entrepreneurship and innovation-driven development. For the first time Open Innovations 2015 will comprise a five-day international professional congress and a popular exhibition for general public performed as Technology Show. The forum, centered around the main topic of Humanity in the Center of the Technological Revolution, will last for five days. Each day will be devoted to one of five specific spheres of the human life, dramatically changing under the impact of technologies – productivity, habitat, education, health and entertainment.

4Turkmenistan completing gas pipeline construction for Europe. The ‘East-West’ gas pipeline, under construction in Turkmenistan, will link major gas reserves, creating conditions for Turkmen fuel exports to world markets, said the ‘Neutral Turkmenistan’ newspaper Aug. 1. ‘East-West’ is over 800 kilometers long and has a capacity of 30 billion cubic meters a year, said the pipeline is being built by the divisions of the Turkmen state concerns, Turkmengaz and Turkmennebitgazgurlushyk. The pipeline starts at the ‘Shatlyk’ gas compressor station in the Mary province, and then, running westerly through the Mary and Ahal provinces, it will be connected to the ‘Belek’ gas compressor station in the Balkan province.

5Will gas become divisive point between Russia and Turkmenistan? “Gas sphere was one of the strategic areas of partnership between Turkmenistan and Russia until recently. Turkmenistan transports its gas to Russia via the Central Asia-Center gas pipeline that was constructed during the Soviet period and monopolized by Russia’s Gazprom company. Turkmenistan’s Ministry of Oil and Gas Industry and Mineral Resources said in mid-July that Gazprom Export LLC (100-percent subsidiary of Russia’s Gazprom company) doesn’t pay the remaining money for the actually delivered Turkmen natural gas, without explaining the reason. Later, the world media reported citing the sources close to Gazprom that the company has filed a lawsuit in Stockholm Court against Turkmenistan’s Turkmengaz company demanding to revise the prices in the gas supply contract” [Azernews]

6Azerbaijan’s cooperation with the Shanghai Cooperation Organization will create new opportunities for the country, Hikmet Hajiyev, the spokesman for Azerbaijan’s Foreign Ministry said on July 30.”Azerbaijan’s foreign policy is multi-vector, and in this respect the country is further expanding cooperation on bilateral and multilateral bases,” he noted. Hajiyev also noted that in this context, it is possible to highlight Azerbaijan’s observer status in the Arab League, African Union, Organization of American States, and other regional and international organizations, which creates even greater opportunities for the country to develop relations with multilateral organizations and their member states.

7Kazakhstan seeks to reclaim historical role as the crossroads of East and West. “as more and more of its manufacturers move inland, China is looking to develop trade from the west, following the tracks of the fabled Silk Road and once again making Xian the gateway to Europe. While shipping by sea takes about five weeks, the new Silk Road train can deliver goods from China to Europe in three weeks. It’s more expensive than sea freight, but the shorter transit time often makes it worthwhile for multi-national companies dependent on global trade. Railway officials in Kazakhstan told me the goal now is to optimize the inland route and reduce costs so the new Silk Road becomes even more viable for businesses” [Times of Oman]

8The Iran deal and South Asia. “India likes to regard itself as a rival of China for influence in Central Asia and has been making hectic plans to catch up with its northern neighbour. To match China’s ‘One Belt One Road’ initiative for a network of infrastructure and energy projects to link China with Europe and the Middle East over land and by sea, Delhi has revived plans for a transit corridor to Europe and Russia through Iran. India has labelled it as the International North-South Transit Corridor (INSTC). It includes transport by rail, road and sea from Mumbai to Moscow via Bandar Abbas in Iran, with options for connectivity with Turkey and countries in Eastern Europe. Not surprisingly, given the availability of other more viable existing and planned transit routes between Asia and Europe, the INSTC has gained little traction so far” writes Asif Ezdi for thenews.com.pk

9Kazkommertsbank JSC (“KKB”), one of the largest banks in Kazakhstan and Central Asia, sold its 99.86 percent stake, representing 1,497,946 common shares, in “Subsidiary of BTA Bank “London-Almaty” Insurance Company” JSC July 21 2015, the press service of the bank said. The stake was earlier transferred to KKB in line with the Agreement on the simultaneous transfer of assets and liabilities between KKB and BTA.The value of the stake was based upon an independent appraisal prepared by international audit company. Earlier, Kazkommertsbank JSC received “Subsidiary of BTA Bank “London-Almaty” Insurance Company” JSC from BTA Bank JSC within the framework of the agreement on the simultaneous transfer of assets and liabilities.

10A delegation from Azerbaijan, to be led by the Minister of Economic Development, is slated to arrive in Tehran on Monday to consolidate bilateral relations and discuss implementation of previously accorded joint projects in the energy sector.”We are presently hashing out organizational affairs such as setting the date for the working group’s first meeting as well as specifying its agenda of activites,” the deputy head of Azerbaijan’s State Agency for Alternative and Renewable Energy Sources Jamil Melikov.The Azeri officals have voiced their willingness for Iran’s partnership in Trans-Anatolian Natural Gas Pipeline (TANAP) project to transfer sour gas from Iran’s South Pars field to EU markets.

Journalist, specialized in Middle East, Russia & FSU, Terrorism and Security issues. Founder and Editor-in-chief of the Modern Diplomacy magazine. follow @DGiannakopoulos

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Advancing the SDGs through impact investment

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Photo: UNIDO

Representatives of more than 20 Investment Promotion Agencies (IPAs) have come together to learn and deliberate about novel approaches in investment promotion.

The three-day training organized by the United Nations Industrial Development Organization (UNIDO), together with its partners, the World Association of Investment Promotion Agencies (WAIPA) and the Turkish Cooperation and Coordination Agency (TIKA), includes lecture and workshop sessions, as well as practical site visits and bilateral meetings.

The training reflects the fundamental premise that the Sustainable Development Goals (SDGs) cannot be achieved without enormous additional volumes of “quality” foreign and domestic investments – a finding which clearly emerged during the Vienna Investment Conference – Quality FDI, Growth and Development, organized by UNIDO in September 2016.

Participants in the training agreed that the focus of international investment promotion is shifting away from the mere financial side of international investments towards a wider combined economic, social and environmental impact – known as “impact investments”. They also recognized that many challenges remain to properly identifying and gauging impact investments, and confirmed the need to adjust services and instruments to augment the various dimensions of impact investments. UNIDO received important feedback on IPAs’ interest in participating in follow-up training on specific impact investing themes to be developed as part of a larger UNIDO Impact Investing strategy.

The training also provided participants with an opportunity for intensive networking and for deepening contacts with institutional stakeholders in Turkey, including the Republic of Turkey Prime Ministry Investment Support and Promotion Agency (ISPAT).

The joint workshop marked a concrete milestone in the implementation of the Memoranda of Understanding that UNIDO has concluded with both WAIPA and TIKA in 2016.

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ADB, B.Grimm Power Expand Support for Renewable Energy in ASEAN

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The Asian Development Bank (ADB) today signed a loan equivalent of up with $235 million to B.Grimm Power Public Company Limited (B.Grimm Power), one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations (ASEAN).

“The development of renewable energy in Southeast Asia is critical to meet its energy needs and B.Grimm Power is at the forefront of the region’s fast growing alternative energy sector,” said Michael Barrow, Director General of ADB’s Private Sector Operation’s Department. “ADB is proud to once again partner with B.Grimm Power as it continues its expansion strategy in ASEAN member countries.”

ADB’s financing will support B.Grimm Power’s implementation of the ASEAN Distributed Power Project, which will expand renewable and distributed power generation into new markets in ASEAN including Cambodia, Indonesia, Lao People’s Democratic Republic, Myanmar, the Philippines, and Viet Nam. The project will involve the execution and operation of distributed and utility-scale solar, wind, biomass, waste-to-energy, gas-fired power, energy storage, as well as associated infrastructure in ASEAN countries.

B.Grimm Power’s total distributed power generation capacity is expected to increase by over 50% to 2,500 megawatts (MW) by 2022, while the renewable energy share in its portfolio will rise from 10% to 30%.

ADB took a B1,968 million ($57.7 million) equity stake in B.Grimm Power as part of the company’s initial public offering in July 2017. ADB also administers a $20 million loan provided by the Canadian Climate Fund for the Private Sector in Asia under the Clean Energy Financing Partnership Facility.

B.Grimm Power is a subsidiary of the 140-year old conglomerate B.Grimm Group, operating in the energy industry since 1993 in Thailand. B.Grimm Power currently has a total capacity of 1,779 MW, operating 13 gas-fired plants, with 4 more under development or construction. In recent years, B.Grimm has diversified into renewable energy and is operating 15 solar power plants and 2 hydro power plants.

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Over 10,000 Refugees Resettled in UK Under Flagship Scheme

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Pre-departure orientation in Istanbul. © IOM

The United Kingdom is more than halfway towards meeting its commitment to resettle 20,000 people by 2020 through the Vulnerable Persons Resettlement Scheme (VPRS), according to new figures revealed yesterday (22/10).

The latest quarterly Home Office immigration statistics show that 10,538 refugees have been resettled under the VPRS – one of the largest global resettlement programmes – since it began.

The VPRS is just one of the ways in which the UK is helping to resettle refugees. In 2017, a total of 6,212 people were resettled in the UK – a 19 per cent increase from 2016 – with 4,832 of these people coming through the VPRS. Some 539 people arrived under the Vulnerable Children’s Resettlement Scheme (VCRS), which will resettle up to 3,000 at-risk children and their families from the Middle East and North Africa region by 2020. The latest figures take the total number of children that the UK has provided asylum or an alternative form of protection to since the start of 2010 to 28,000.

Earlier this week, UK Home Secretary Amber Rudd visited a refugee camp in Lebanon, meeting families who have fled the war in Syria and speaking to officials from the UN Refugee Agency (UNHCR) who are working closely with the Home Office to resettle families to the UK.

“As a country we can be proud that we are over half way towards honouring our commitment of resettling 20,000 of the most vulnerable refugees who have fled Syria by 2020 so they can rebuild their lives here in safety,” Rudd said. “Nearly half are children and more people are arriving every month.”

“This week I went to Lebanon to see for myself the human impact of the Syrian conflict and talk to refugees about the challenges they face. I met a family who is due to be resettled in the UK and heard first-hand how important the resettlement scheme is and how it helps individuals, who have fled danger and conflict, to rebuild their lives. We are welcoming and supporting some of the most vulnerable refugees and I am grateful to all of the local authorities, charities and other organizations that have made it possible,” the Home Secretary added.

The VPRS is a joint scheme between the Home Office, the Department for International Development and the Ministry of Housing, Communities and Local Government.

The UK works closely with UNHCR; IOM, the UN Migration Agency; and partners on the VPRS to provide life-saving solutions for the refugees most in need of protection, including people requiring urgent medical treatment, survivors of violence and torture, and women and children at risk.

“The UK has embarked on an impressive upscaling of the VPRS in a short period, setting in place structures to welcome highly vulnerable refugees and allowing them to gradually stand on their own feet again,” said UNHCR’s UK Representative Gonzalo Vargas Llosa.

“Collaboration between the central Government, local and devolved authorities and service providers has been commendable. I’ve been up and down the country meeting refugee families and local communities, and the strong support for this programme and refugee integration generally is something the UK should be proud of.”

IOM facilitates pre-departure health assessments, cultural orientation and travel for refugees going to the UK. IOM also supports national and local governments to develop integration programmes as part of a holistic migration management strategy.

“The UK has achieved a significant milestone for the VPRS by resettling over half of the 20,000 committed to be resettled by 2020,” said IOM UK Chief of Mission Dipti Pardeshi. “The generosity and welcome shown by the UK government and the British people to those resettled is commendable.”

“Today, less than one per cent of refugees worldwide have been resettled and the need continues to be dire. Resettlement cannot be viewed as a one-off effort. Countries must step up to resettle more refugees and to view this as part of a holistic process to help vulnerable refugees rebuild their lives.”

The UK’s resettlement schemes are just some of the ways the Government is supporting vulnerable children and adults who have fled danger and conflict. The UK remains the second largest donor in humanitarian assistance and has pledged £2.46 billion in UK aid to Syria and the neighbouring countries, its largest ever response to a single humanitarian crisis.

“I cannot wait to move to the UK,” says 11-year-old Shahed.  Most of her life has been overshadowed by the conflict in Syria. Last week her family arrived at the IOM offices in Beirut, Lebanon for the final preparations to resettle to the UK.

A big smile stretches across her face. She understands that this is an opportunity for a new beginning for her family, and Shahed’s plans are already in full swing.

“I want to study and one day be able to teach Maths, Geography or Philosophy. I also want to help other people.”

Shahed and her family will resettle to the UK under the Vulnerable Persons Resettlement Scheme that has provided an opportunity for over 10,000 refugees to rebuild their lives since 2015.

Since 2012, across Syria and the region, the UK has provided at least 26 million food rations, 9.8 million relief packages, 10.3 million medical consultations and 8.3 million vaccines.

Source: IOM

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