Japanese company Tokyo Electric Power Services Co., Ltd. (TEPSCO) will prepare a concept and a master plan for creating a "green energy" zone in the Nagorno-Karabakh region, Azerbaijan's Energy Ministry said.

Some analysts and a few bureaucrats still cling to what seems to be almost a warped hope that the conflict lives on.

A BP-led consortium produces oil at Azerbaijan’s giant off-shore Azeri-Chirag-Guneshli (ACG) oilfields, which account for most of the country’s oil production.