Oil And Geopolitics In The Caspian Sea Region

The opening of the Caspian Sea basin to Western investment following the breakup of the Soviet Union produced a major contest for access to the region's vast energy reserves on the part of powers as close as Russia, Turkey, and Iran, and as far away as Japan and the United States. Indeed, the struggle to exploit Caspian oil has been one of the most monumental geopolitical developments of the post-Cold War era as external powers vie for political, economic, and military influence in a region brimming not only with oil, but also with ethnic conflicts and historical animosities. The coming decade of rapidly increasing demand for energy will ensure the continued interest and engagement of external powers with often competing geopolitical agendas. Thus the geopolitical developments spawned by the opening of the Caspian Sea are likely to continue to far outweigh the actual impact of Caspian oil on world energy markets. This collection of essays by prominent scholars and international experts offers several important and often conflicting interpretations of the events unfolding along the shores of the world's oldest oil-producing region.

Contributed articles presented in a seminar at the Centre for Russian, Central Asian, and East European Studies, School of International Studies, Jawaharlal Nehru University, New Delhi in February 1999.

Once the landlocked backwater between Iran and the Soviet Union, the Caspian has in the last ten years emerged as the epicentre of vast conflicting interests in a region where massive geopolitical issues converge with enormous energy resources and dramatic latent instability. Russia's conflict in Chechnya is a direct by-product of the strategic importance of the Caspian region. _Troubled Waters_ presents a comprehensive analysis of the political and economic dynamics of the Caspian basin. It examines the area's historical evolution and the diverse issues and players in what has become a modern variant of the Great Game' of the nineteenth century. Following a historical overview of the region and its oil industries, the book analyses the domestic politics and the foreign policies of the five states bordering the Caspian- Russia, Iran, Azerbaijan, Kazakhstan and Turkmenistan. It further identifies all the external interests involved in the Caspian's political rivalries and control over its resources and territory, including the US, the major European powers, various nationalist movements, Islamic militants, multi-national corporations, NGOs and international financial institutions. These features, coupled with the political and economic risk assessment of the Caspian basin which this book provides, makes this a unique contribution to our understanding of a region which is strategically positioned at the territorial juncture of Russia, China, East Asia and the Middle East.

This makes the Caspian region one of the most important geo-political areas in the post-Cold War era." "This introductory book is written to meet the needs of undergraduate students interested in post-Soviet politics in Central Asia and Caucasus and is suitable for the general public interested in the contemporary politics of this area."--Jacket.

The Caspian-Caucasus region has received considerable attention over the past eight years. The old potential of this colossal territory is so significant that the analytical centres of the world's largest oil and refining companies consider it to be more long-term than the unstable Persian Gulf. The Politics of Caspian Oil is a collection of essays presenting the results of recent research, which should serve as a reference book for the politics of Caspian oil.

The analysis of geopolitics and energy security policies in the Caspian region is a challenging research task. This is because of the specific development of international relations in this region and the evolution of its importance in the context of the functioning of the global energy market. Due to its special geopolitical location in central Eurasia and at the junction at the world’s largest trading routes, the region is gaining in importance, both politically and economically in contemporary international relations, and becoming a place where actors involved satisfy the need for energy security.

This study describes the geopolitical importance of Azerbaijan's natural resources. The argument presented includes both empirical data as well as expert opinions from diplomats.

"An excellent study of U.S. policy on creating and maintaining a state of energy security."--Hafeez Malik, Villanova University The United States is the world's largest oil consumer and importer. Here Gawdat Bahgat examines the nation's growing dependence on fossil fuels--particularly oil--and the main challenges it faces in securing supplies from two energy-rich regions, the Persian Gulf and the Caspian Sea. He argues that long-term U.S. energy strategy must be built on diversity of both the fuel mix and the geographic origin of that fuel. It should include a broad combination of measures that would stimulate domestic production, provide incentives for conservation, promote clean technologies, and eliminate political barriers to world markets. Bahgat also contends, however, that the goal should not be energy independence, but finding new ways of managing dependence on oil supplies from abroad. He maintains that despite increasing reservoirs of oil and natural gas throughout the world, including the Caspian Sea, the Persian Gulf will continue to be the main source of U.S. fossil fuel. Bahgat analyzes both recent and historical challenges to the relationship between the United States and Saudi Arabia, the world's largest oil producer and exporter, including the Arab-Israeli peace process. He also discusses the hostility between the United States and Iraq and the tense relationship between the United States and Iran, including such sensitive topics as the proliferation of weapons of mass destruction and terrorism, as well as developments in the wake of September 11, 2001. In his assessment of the underdeveloped Caspian Sea reservoir, Bahgat suggests that energy experts and policy makers have exaggerated the region's potential, citing logistical, economic, and political obstacles that must be overcome before the region plays a major role in producing fossil fuels. These obstacles include domestic ethnic divisions, disputes over the legal status of the Caspian, disagreements over the most cost-effective transportation routes, and changes in the region in the aftermath of the war on terrorism. Gawdat Bahgat, director of the Center of Middle Eastern Studies at Indiana University of Pennsylvania, is the author of The Gulf Monarchies: New Economic and Political Realities; The Future of the Gulf; and The Persian Gulf at the Dawn of the New Millennium.