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why Europeans need to find new sustainable and safe sources to buy the gas they
need. With the implementation of the Trans-Caspian pipeline, out of the total
401 billion cubic meters of current European imported gas, 60 billion cubic
meters will be supplied by the four countries namely Azerbaijan, Turkmenistan,
Kazakhstan, and Uzbekistan. These countries have a stable system that is a stable and reliable partner (mshrgh.ir 2020).
2. Trump believes that by building the Trans-Caspian pipeline, we will see an
acceleration in economic development and job creation in Central Asia. The total
gross domestic product of the three countries, Turkmenistan, Kazakhstan, and
Uzbekistan is currently $250 billion. If the project adds 10% to the GDP of these
Muslim countries, $25 billion will be added to their economy. Experts believe
that stable economic development and growth in Central Asia and the Caucasus,
in addition to securing American interests, will also benefit Russia. These geographically dependent countries have long been heavily dependent on Russian
goods, and as their incomes increase, they will become a larger market for
Russian exports (www.heritage.org 2020).
3. With the start of the construction of the Trans-Caspian pipeline, we will quickly
see the creation of thousands of job opportunities for the youth of these countries. This will be an obstacle to the development of radical and extremist Islam
in the key region of Central Asia. The leaders of Washington and Moscow agree
on the strategy of countering the development of extremist Islam in Central Asia.
Therefore, with billions of dollars in revenue flowing annually from the sale of
gas to European governments into the economies of these countries, we will see
the creation of job opportunities and the development of various academic and
industrial centers for young people (www.heritage.org 2020).
Chevron Sold Azerbaijan Assets to MOL
In April 2020, the US oil company Chevron recently sold its stake in the development of the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields in the Caspian Sea
to the Hungarian energy company MOL. ACG oil fields (including interests in the
Western Export Route Pipeline) and the Baku-Tbilisi-Ceyhan (BTC) oil pipeline
located in Azerbaijan were transferred to MOL Hungarian Oil and Gas PLC for a
consideration of $1.57 billion (steelguru.com 2020). According to the signed contract, Chevron has also transferred its share in the operation of the Baku-TbilisiCeyhan oil pipeline to this Hungarian company. Under the $1.57 billion deal, MOL
owns a 9.57% stake in Chevron in the ACG oil fields development projects in the
Caspian Sea, as well as an 8% stake, IRNA reported. Nine percent of this American
company came with the BTC oil pipeline. With the signing of this agreement, the
Hungarian company MOL will be the third-largest shareholder in the development
of the ACG oil fields, after BP and the State Oil Company of the Republic of
Azerbaijan (SOCAR) (www.bloomberg.com 2020).
US Foreign Policy and Euro-Caspian Energy Security
why Europeans need to find new sustainable and safe sources to buy the gas they
need. With the implementation of the Trans-Caspian pipeline, out of the total
401 billion cubic meters of current European imported gas, 60 billion cubic
meters will be supplied by the four countries namely Azerbaijan, Turkmenistan,
Kazakhstan, and Uzbekistan. These countries have a stable system that is a stable and reliable partner (mshrgh.ir 2020).
2. Trump believes that by building the Trans-Caspian pipeline, we will see an
acceleration in economic development and job creation in Central Asia. The total
gross domestic product of the three countries, Turkmenistan, Kazakhstan, and
Uzbekistan is currently $250 billion. If the project adds 10% to the GDP of these
Muslim countries, $25 billion will be added to their economy. Experts believe
that stable economic development and growth in Central Asia and the Caucasus,
in addition to securing American interests, will also benefit Russia. These geographically dependent countries have long been heavily dependent on Russian
goods, and as their incomes increase, they will become a larger market for
Russian exports (www.heritage.org 2020).
3. With the start of the construction of the Trans-Caspian pipeline, we will quickly
see the creation of thousands of job opportunities for the youth of these countries. This will be an obstacle to the development of radical and extremist Islam
in the key region of Central Asia. The leaders of Washington and Moscow agree
on the strategy of countering the development of extremist Islam in Central Asia.
Therefore, with billions of dollars in revenue flowing annually from the sale of
gas to European governments into the economies of these countries, we will see
the creation of job opportunities and the development of various academic and
industrial centers for young people (www.heritage.org 2020).
Chevron Sold Azerbaijan Assets to MOL
In April 2020, the US oil company Chevron recently sold its stake in the development of the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields in the Caspian Sea
to the Hungarian energy company MOL. ACG oil fields (including interests in the
Western Export Route Pipeline) and the Baku-Tbilisi-Ceyhan (BTC) oil pipeline
located in Azerbaijan were transferred to MOL Hungarian Oil and Gas PLC for a
consideration of $1.57 billion (steelguru.com 2020). According to the signed contract, Chevron has also transferred its share in the operation of the Baku-TbilisiCeyhan oil pipeline to this Hungarian company. Under the $1.57 billion deal, MOL
owns a 9.57% stake in Chevron in the ACG oil fields development projects in the
Caspian Sea, as well as an 8% stake, IRNA reported. Nine percent of this American
company came with the BTC oil pipeline. With the signing of this agreement, the
Hungarian company MOL will be the third-largest shareholder in the development
of the ACG oil fields, after BP and the State Oil Company of the Republic of
Azerbaijan (SOCAR) (www.bloomberg.com 2020).
US Foreign Policy and Euro-Caspian Energy Security