Turkmenistan Seeks to Tap into East-West Cargo Flows with New Caspian Sea Port

TURKMENBASHI, Turkmenistan, May 2 (Reuters) - Turkmenistan on Wednesday opened a new $1.5 billion cargo and passenger seaport on the Caspian Sea aiming to boost its export revenues by handling shipping traffic between Asia and Europe. The Central Asian country's main source of hard currency is its gas exports, which took a hit when Russia, once its main customer, stopped all … [Read more...]

Five Injured as Seismic Research Vessel Crashes Into Platform in Caspian Sea

Five people were injured Wednesday when a seismic research vessel crashed into an offshore platform in the Caspian Sea, Azerbaijan's state oil company SOCAR has confirmed. The company said the incident occurred Wednesday at about 13:50 local time at the N.Narimanov (OGPU) offshore oil field. According to Socar, the offshore research vessel Arya 141 was conducting seismic … [Read more...]