Nazarbayev: We must pave our way carefully

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

1Nursultan Nazarbayev, Kazakhstan’s leader since 1989 is no stranger to accusations of autocracy. Western media has long been refering to Nazarbayev as "Kazakhstan’s autocratic president". On the eve of the Constitution Day, President Nazarbayev commented on the accusations of autocracy."I know that we are often accused of autocracy. But how can one talk about autocracy, when every 4 or 5 years people vote to elect their President and Parliament at free alternative elections. We are told to move faster towards democracy practiced by western countries, from the USA to Europe. We understand it all well. Democracy is a path towards development of humanity. We are making our way there. But we also have to consider that our country is an Asian society. Our traditions differ from Western ones. Our cultural and religious views are different. That is why we must pave our way carefully," Nazarbayev said during the Conference dedicated to the 20th Anniversary of Kazakhstan’s Constitution.

2America and Russia locked in race to control the Arctic Circle. “Barack Obama was set to become the first sitting American president to visit the Arctic Circle on Wednesday night, as the United States battles to assert itself in a global race to control the region's natural resources. Melting permafrost caused by rising global temperatures has made the once impenetrable Arctic Circle increasingly accessible, sparking intense competition between Russia, the United States and China to assert control over an area that it is thought may hold as much as 40 per cent of the world’s oil and gas resources” Ruth Sherlock, The Telegraph.

3Why Kazakhstan is building a uranium bank. The world suffers no shortage of uranium, the raw material for nuclear energy and nuclear weapons. The amount of electricity generated globally by nuclear power peaked almost a decade ago. And no reactors have ever been shut down because of a lack of fuel. Yet Warren Buffett has put the first $50m behind a $150m project agreed on August 27th to build a uranium bank in Kazakhstan, the world’s biggest producer of the mineral. It sounds like something a Bond villain might dream up, rather than a philanthropic American billionaire. What is the logic? The Economist

4China plays hard to get with Russia. “Moscow turned to its powerful Asian neighbor last year after being hit with sanctions by the West. But the plan for a deeper economic relationship is not working out. China's slowdown is making it harder for Beijing to deliver on promises it made to Moscow, and Chinese investors are spooked by Russia's deep economic crisis. Vladimir Putin is now hoping to give the relationship a second chance. The Russian president is in China this week, accompanied by an entourage of senior officials and business leaders” CNN

5Azerbaijan is a suitable route for transferring Iran’s gas to EU, Iranian Parliament Speaker Ali Larijani said. He made the remarks during a meeting with his Azerbaijani counterpart Oktay Asadov.Larijani underlined that cooperation between Tehran and Baku can be developed further in the fields of oil and gas.Iran holds 33.8 trillion cubic meters of proven natural gas reserves— or 18.2 percent of the world’s total proven reserves.The country has been pursuing multiple projects for years to pipe natural gas to Europe. The most serious project was Nabucco which was pursued by an international consortium led by Austria’s OMV. Iran had been originally designated in Nabucco as a key supplier for future exports to Europe.

6Iran has recently showed great interest in neighboring Turkmenistan, in terms of investment, proved by closing deals worth USD450 million, mainly to fund it with technical services. Iran has already been seizing opportunities, such as the nuclear deal between Tehran and world powers in Vienna conducted in July, all in all, supporting the oil industry's goals.

7Iran is ready to talk extending the “peace pipeline” to Bangladesh which envisages exports of the Iranian gas to Pakistan and India, Tehran’s Ambassador to Dhaka says.Abbas Vaezi said the issue had been discussed between Iranian and Bangladesh governments as well as with India and Pakistan, adding “they must have a feasibility study” to proceed further.Bangladesh’s Power, Energy and Mineral Resources Minister Nasrul Hamid has been invited to Tehran where he will discuss all energy-related issues including the gas pipeline, the ambassador added.The recent conclusion of nuclear talks with Iran has revived interest in the “peace pipeline” which ran into hurdles after India withdrew from the project and Pakistan failed to fulfill its obligations.

8NATO vs. Russia War Could Begin Today Or Tomorrow. “Pentagon’s deployment of F-22 fighter aircraft to the Baltic states would mean nothing if the quality of governance in Latvia, Estonia and Lithuania is low. But the Pentagon explained that the deployment of F-22 fighter aircraft is ‘designed to send a message to Russia’.In Estonia and Latvia, Russian-speaking minorities account for about one-quarter of the population, and over 6 percent in Lithuania. Not long ago, Russian President Vladimir Putin said that all those people deserve his ‘protection’.Such comments by Putin triggered a wave of fear in the Baltic states, which is why the three countries have been seeking NATO’s security assurances. And NATO couldn’t think of anything better than to respond with war games” ValueWalk

9Azerbaijan’s oil fund SOFAZ is studying investment opportunities in new markets. SOFAZ, an entity that accumulates and manages Azerbaijan's oil and gas revenues, implements its investment plan in accordance with the regulations outlined by its management. The Fund’s assets fell by 3.56 percent earlier in the year from $37.104 billion to an estimated at $35.783 billion as of July 1. As of June 30, 2015, SOFAZ’s total investment portfolio amounted to $35.726 billion, or 99.8 percent of total assets. Some 33 percent of its investment portfolio was invested for a period of up to one year, 30.5 percent from one to three years, 11 percent from three to five years, 9.7 per cent more than five years, and 15.8 percent funds were invested in real estate, stocks and gold.

10Work on the reconstruction of the water supply system began at the refinery in the town of Seydi (eastern Turkmenistan).Work for the high-volume production of high-quality petroleum products are carried out at the large industrial enterprise at the expense of deep processing of raw materials.Repair and reconstruction of production units are carried out for this purpose. Special attention is given to the important issues related to water supply of the plants, wastewater treatment and their purification.

Dimitris Giannakopoulos

Modern Diplomacy Editor-in-chief

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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