Türkiye sends firefighting planes to Syria as wildfires spread on both sides of border
Türkiye sent two firefighting aircraft to Syria on Saturday to help control wildfires as crews battled flames on both sides of the border....
Kazakhstan has partnered with China for a significant oil exploration project in the Caspian Sea.
Kazakhstan’s national oil company, Kazmunaigaz, has signed an agreement with China National Offshore Oil Corporation International Limited (CNOOC) to jointly carry out geological exploration in the Atrau region of western Kazakhstan.
The project covers a 960-square-kilometer area of the northeastern Caspian Sea. According to the terms of the agreement, exploration will be conducted on a 50-50 basis, though initial exploration costs will be entirely covered by the Chinese side. The project will involve seismic surveys and the drilling of a super-asalt exploration well approximately 2 kilometers deep. If initial results are promising, a second sub-asalt well, 4.5 kilometers deep, will be drilled.
While Kazakhstan seeks to expand its oil exploration efforts, it faces a challenge on the export front. Since the beginning of 2025, Kazakhstan’s oil exports to China have dropped by 82 percent, resulting in an $827 million decrease in revenue. Experts attribute this decline to China’s slowing economic growth and its shift towards electric vehicles.
In contrast to the decline in oil exports to China, Kazakhstan has seen some positive developments. Exports to countries like Bulgaria, Spain, Azerbaijan, and Romania have increased, and new markets such as Egypt and the Bahamas have emerged.
Despite growing production, Kazakhstan's overall oil exports have decreased by 14 percent, with the first quarter of 2025 showing a drop from 17.8 million tons to 15.3 million tons. Additionally, six countries, including South Korea, India, and the United Kingdom, have completely stopped purchasing Kazakh oil.
As Kazakhstan’s oil industry adapts to these changes, geopolitics continues to influence both the price of oil and the geography of global energy markets.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Armenia’s Foreign Ministry has reaffirmed that the country’s territory cannot be used by any third party to carry out military operations against neighbouring states.
Armenian Prime Minister Nikol Pashinyan says the country needs a new constitution that reflects its current realities and has a clear purpose.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
Afghanistan’s Deputy Prime Minister for Economic Affairs, Abdul Ghani Baradar, met with Azerbaijani Prime Minister Ali Asadov in Baku to discuss expanding trade and developing the Lapis Lazuli transport corridor.
Azerbaijan and Kyrgyzstan have explored new avenues for energy cooperation during a high-level meeting in Baku.
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