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Head Office of the Czech company CEZ in Prague. Source: www.financninoviny.cz

Economy · Security

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Strategic alliance CEZ – MOL

At the end of August 2007, the Czech Energy Company CEZ and the Hungarian Oil and Gas Company MOL proved, that even two (in the world scale) middle-sized companies from Central Europe can raise some excitement in the world media and among analysts. According to the capital value two times bigger Czech company agreed on a strategic alliance with the smaller partner, with the possibility…

Oil map of Central Europe

Economy · Security

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An oil map of Central Europe

In the end of June 2007, information on the Austrian concern OMV planning to take over the Hungarian oil company MOL appeared. Since a part of MOL’s shares is listed on the stock exchange, by means of capital market the Austrian company increased its stake in the Hungarian rival company by 8 per cent, namely from 10 to more than 18 per cent. This undertaking stirred up defiant reactions among the representatives…

Viktor Yushchenko, Angela Merkel and Vladimir Putin. Source: www.danas.co.yu

Economy · Security

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The achievements of Russian energy strategy

The Russian energy strategy has achieved several milestones in recent months. One of the achievements we can consider an agreement between Bulgaria, Greece and Russia to construct a pipeline between the Black and Aegean Seas, which made the project of Odessa-Brody- Gdansk line less viable. Other important point was a successful round trip of the Russian President in Central Asian states and signing…

Head Office of Algerian company Sonatrach. Source: www.visitoran.com

Economy · Security

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Natural gas cartel

In the beginning of 2007, the idea to establish a gas cartel in the manner of OPEC was brought to the table again. The proposition to the Secreatry of the Russian Security Council Igor Ivanov was presented in January by Ali Khamenei, the Supreme Leader of Iran. The idea to establish an institutional cover for gas producers is not new, and its main and first representative is the Russian President Putin…

The projected route of the Nabucco pipeline. Source: www.wikimedia.org

Economy · Politics · Security

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Nabucco, Hungary and joint European energy policy

The project of Nabucco gas pipeline, which in the future could make a step towards lowering the dependence on Russian supplies, has been drawn in plans for a few years. Its main supporter became the European Commission; based on warning signals of increasing dependence on small number of gas suppliers, it is searching for possibilities of partial diversification of natural gas origin and route…

Gazprom headquarters in Moscow

Economy · Security

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The role of intermediary companies in Russian-Ukrainian relations and implications for the countries of Central Europe

Since the beginning of the 1990s, intermediary companies have been operating in the sphere of natural gas purchasing between Turkmenistan, the Russian concern Gazprom, the Ukrainian side represented by Naftohaz Ukrainy company and Europe. Their background brings factor of corruption, interconnection with interest groups and more or less reiterating names into natural gas trade…

Druzhba pipeline capacity is 1,2 million. barrels of oil per day. Source: www.robertamsterdam.com

Economy · Security

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Potential owners of Transpetrol

Transpetrol is on the Slovak territory the only operator of the oil pipeline Druzba transporting around 10 million tonnes of oil from the Russian Federation (RF) with direction to the West. The company deals with transport of oil and its storage for its customers and for the Administration for State Material Reserves of the Slovak Republic. In 2005 the company transported the highest volume of oil…

Wind turbines in Denmark. Source: http://www.europa.eu

Economy · Security

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European energy policy in the view of global energy processes

Besides the military, power political, social, ecological and economic aspects the security model being multifarious and complex it also takes into consideration the factor of reliable supplies of energy raw materials – primarily gas and oil. In one of its possible definitions the energy security is understood as a constant accessibility of energy sources in their various forms, acceptable quality and affordable prices…