Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Russia Flexes Its Muscles, War for Caspian Sea Inevitable?

Politics / GeoPolitics Nov 21, 2010 - 08:46 AM GMT

By: Pravda

Politics

The countries of the Caspian region are trying to find a solution to a long-standing dispute about the Caspian Sea. There is something to argue about indeed: sturgeons, crude and natural gas deposits, as well as the transportation of oil and gas. The leaders of Russia, Iran, Azerbaijan, Kazakhstan and Turkmenistan gathered in Baku (the capital of Azerbaijan) to discuss the problem in detail.


The legal status of the Caspian Sea has not been solved yet. Consequently, not all Caspian states could settle the question about sea borders. Russia, Kazakhstan and Azerbaijan seem to have agreed on the issue, but the state of affairs in the southern part of the Caspian Sea is still unstable.

Iran's position is the main problem here. This country claims its rights for one-fifth part of the sea, which is unacceptable for all other Caspian states.

Similar problems exist in the relations between Azerbaijan and Turkmenistan, as well as between Azerbaijan and Iran. These countries still argue about the borders of their sectors of the sea.

The Caspian dispute has triggered the militarization of the Caspian Sea. Turkmenistan's President Gurbangully Berdymuhammedov approved the establishment of the Navy of Turkmenistan. The country only had patrol boats before, and it was obvious that Turkmenistan was too weak to compete against the navy of Azerbaijan, which has the second largest navy in the region (following Russia).

"The Caspian Sea is not just a pool, as many people call it. The sea is very rich with oil and gas reserves. A special agreement, signed by the Caspian states, divides the sea into several zones, but some members of the agreement still argue about its terms. It seems that there is no peaceful solution to the problem, so the navy will play an important role at this point. One should also take account of the destructive influence of the West, the USA, first and foremost, as they attempt to destabilize the situation in the region," the expert said.

"Andrey Grozin, a senior expert with the Institute for CIS and Baltic States, believes that any country, including Turkmenistan, wants to defend its interests.

"The dispute between Turkmenistan and Azerbaijan is one of the key ones. They fight for the right to develop three large oil fields. Azerbaijan already develops two of the three disputed fields, which Turkmenistan considers its own. Western partners hoped that it would be possible to change the situation for the better after Turkmenistan had a new leader, but the problem still remains unsolved," the expert said.

Azerbaijan and Turkmenistan realize their importance to the West as fuel suppliers and they compete with each other. Turkmenistan understands that Nabucco will not happen without Turkmen gas. The resources of Azerbaijan play an important role in the work of the trans-Caspian gas pipeline. Azerbaijan is much more important when it comes to the transit of Central Asian gas to Europe.

It is an open secret that neither Iran nor Russia were considered as partners for Nabucco project. As for Russia, Nabucco was designed to eliminate Russia's influence in the transportation of natural gas to Europe.

Sergey Balmasov

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Pravda Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in