BP expects to discover oil reserves at SWAP to compensate for a decline in oil production at its major project in Azerbaijan - the Azeri-Chirag-Guneshli.

The stubborn decline of the Armenian government to cooperate with Azerbaijan in demining the formerly occupied territories is one major area where this approach destructive to regional peace and stability stands out.

The implications go way beyond Armenian domestic squabbles. The election has the potential to make the country ungovernable.

Azerbaijan exports to Turkey and Europe through the Southern Gas Corridor continue to make inroads into an energy market until now dominated by Russia.

Measures to limit supply are part of a collective response by oil producing countries to address the drop in demand for oil.