The Politics Of The Caspian Oil

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.

Reflecting the particular concerns of each of the Caspian countries, this book offers a unique perspective on the prospects and priorities for long-term development round the Caspian basin.

This new title presents key information on the oil industry world-wide, and will be of interest to anyone involved in or studying the politics of oil production, processing and selling. Oil has long been at the forefront of political agendas, and with increased tensions in the Middle East, there has never been a greater need for up-to-date, reliable information on this key industry. Includes: * essays covering the main themes * an A-Z glossary listing important terms * detailed maps * a statistics section.

Caspian Energy Politics analyses the role of oil and gas in the development of the three main petroleum exporters in the Caspian region - Azerbaijan, Kazakhstan and Turkmenistan - and how energy resources influence interactions with semi-authoritarian Russia and China. Due to volatile commodity prices and competition for the resources in and around the Caspian Sea, the governments of these petroleum-exporters face a series of difficult decisions. These governments have sought to balance short-term incentives to spend oil revenues as a means to maintain power against the need for a long-term strategy for managing these assets, choices which have further implications for how these countries align themselves internationally. By illuminating important linkages between domestic and international dynamics in these states, the book provides a fresh perspective on energy politics and the impact of petroleum on the development of the Caspian petroleum producers. Expert contributors from Central Asia and the South Caucasus and international scholars provide context-specific insights into the incentives affecting decision-makers that can provide a foundation for strategies to help the countries in the region overcome the negative effects of reliance on oil and gas. As such, the book will be a valuable tool for business actors seeking to understand the role of Chinese and Russian companies in the region, as well as local and international policymakers and non-governmental organisations.

The Caspian Basin region has boomed since the late 1990s due to new oil discoveries, new pipelines that have diversified countries' transport options and world oil prices that have risen from below $10 in 1998 to $70 in 2006. This book analyzes the experience of the Caspian countries during the oil boom. It is founded on empirical studies, using either macroeconomic tools or an analysis of public budgets, or microeconometric analysis of household survey data or fieldwork in oil-producing regions. Moving from aggregated to disaggregated analysis and, in-keeping with its emphasis on rigorous empirical analysis to the greatest extent possible, several chapters are written by specialists on the Caspian region. Whilst there is an emphasis on the economic consequences of the oil boom, the interdisciplinary aspects of the phenomenon are also recognized. Overall, the analysis is firmly rooted in the region, yet the empirical studies also provide a basis for drawing broader lessons about the effects of an oil boom.

In the tradition of The Prize, Lutz Kleveman gives us the twenty-first-century chapter on the history, passion, and politics of oil and gas resources, and the struggle to control them in a critical part of the world. Using the concept of the "Great Game" that Rudyard Kipling immortalized in his novel Kim, Kleveman argues that there is now a new Great Game in the region, a modern variant of the nineteenth-century clash of imperial ambitions of Great Britain and Tsarist Russia. Traveling thousands of miles, from Turkmenistan (where statues of the country's leader are made of gold and line the thoroughfares) to the Afghan Hindu Kush, Kleveman met with the principal Great Game actors between Kabul and Moscow: oil barons, generals, diplomats, and warlords. Based on extensive research and travel in the Caucasus, the Caspian, and Central Asia, The New Great Game is a thrilling travel narrative through one of the world's last unexplored frontiers, and a savvy and incisive analysis of the power struggle for the world's remaining energy resources.

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.

The potential of energy resources in the Caspian region (Azerbaijan, Kazakhstan, Turkmenistan, and Uzbekistan) has attracted much attention since the demise of the Soviet Union. Many industry analysts in the United States and other developed nations consider oil supplies from the Caspian a strong alternative to the Persian Gulf, and believe that a new reliance on its resources can reduce the perennial Western vulnerability to price increases and threatened cutoffs. But is the region capable of fulfilling that role? The relatively low demand for natural gas worldwide, the transitory and often perilous political situation in the Caspian, and the uncertainty regarding the region's oil-producing capabilities in general make estimates of its potential to alleviate energy demands seem dubious. Maureen Crandall's revealing study of relevant economic and security issues clearly separates what can and cannot be expected from this strategically important, yet politically unstable region. In addition to examining the complex issues of cause and effect surrounding Caspian oil supply, Crandall examines the interests of neighboring states (Russia, Iran, and China), as well as those of the United States in the global search for resources. Figures, tables, and a bibliography complete a study that will prove of vital interest to regional security specialists, defense economists, energy analysts, environmentalists-and anyone else interested in Central Asia and the future of America's energy supplies.