Step forward Azerbaijan. The country has the potential to become one of Europe's major allies and suppliers. It is one of the most stable energy players in the region and is fast developing into a hub for the Caspian Sea basin and Central Asia's oil and gas.
While crude oil is hovering above $100 per barrel, the rhetoric against Iran is ratcheting up, followed by the US and EU sanctions against the regime. With Iranian exports are being halted, global oil spare capacity is being squeezed.
By Shwan Zulal, EUCERS:
NewsLetter
A decision by several European countries to phase out nuclear production will leave the continent even more exposed...