Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 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