Russia’s declining influence across the post-Soviet space is becoming particularly evident in the economic sphere. The erosion of political authority, the growing maturity of former Soviet republics, and favorable geopolitical conditions for a relatively smooth separation have allowed what were once considered permanent partners to start looking in other directions.

Mozambique has awarded a 30-year concession to its top state-owned companies to develop and operate liquefied natural gas (LNG) facilities at the Port of Beira and the smaller Inhassoro site, the government announced Monday.

ADNOC announced today it has signed an agreement to award a 3% participating interest in the SARB and Umm Lulu offshore concession to SOCAR. This award builds on the strategic energy partnership between the United Arab Emirates (UAE) and Azerbaijan and deepens ADNOC’s growing partnership with SOCAR across the energy value chain.

Abu Dhabi National Oil Company (ADNOC) announced today it has signed an agreement to award a 3% participating interest in the SARB and Umm Lulu offshore concession to the State Oil Company of Azerbaijan Republic (SOCAR), News.Az reports citing ADNOC.