Earlier this month, Royal Dutch Shell and Spain’s Repsol pulled out of a proposed Iranian natural gas development project that was estimated to be worth over $10 billion. The decision by the two European energy firms to pull out of phase 13 of the South Pars project was seen as a setback for Iran’s efforts to court foreign interest in its energy sector at a time when the Bush administration is actively trying to discourage it. Shell and Repsol executives did not publicly comment on their reasons for pulling out of South Pars. But whether it was due to concerns […]
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The resumption of India-Pakistan confidence-building talks following six months of tit-for-tat cruise missile launches is good news in and of itself. But this passage from a Hindustan Times article on the latest round of the discussions caught my eye: New Delhi is looking for concrete action by Pakistan for ending cross-border terrorism and infiltration, which have witnessed a spurt recently. India believes terrorism is a “common concern” for both the countries and that it is in the interest of Pakistan itself to clamp down on the scourge as it has lost former Prime Minister Benazir Bhutto to it. New Delhi, […]
The latest figures released by the Stockholm International Peace Research Institute show a precipitous decline in the volume of Russian weapons sales to the Chinese military. Although Beijing remains the single largest recipient of Russian arms, the figures show a 63 percent decrease in the value of major Russian weapons deliveries to China, which is the lowest level in a decade. The decrease contributed to a 29 percent reduction in Russia’s overall export of major conventional weapons systems between 2006 and 2007. In addition, China and Russia have not signed any major new arms contracts in recent years and are […]
Another thing that complicates the scenario of the “Rise of the Rest” or the birth of a “BRIC identity” is that many of the emerging powers are as much strategic rivals as they are tactical partners. Just yesterday, for instance, India successfully tested a nuclear-capable ballistic missile with a range of 3500 km. That’s a range that’s designed more for catching Peking’s attention than Islamabad’s. Similarly, India recently announced plans to reinforce and modernize its military presence along the Sino-Indian border. As much as trans-Atlantic relations can get bumpy from time to time, that’s one area where the West has […]