Today marks the opening of the Baku-Tbilisi-Ceyhan crude-oil pipeline linking the energy-rich Caspian Sea basin to the Mediterranean. This historic event is being celebrated in Azerbaijan's capital, Baku, with the presidents of Turkey, Georgia, Kazakhstan and Azerbaijan in attendance. The presence of U.S. Energy Secretary Sam Bodman (who will be carrying a personal message from President Bush) at the event signals the enormous geopolitical significance to the United States of this 1,087-mile pipeline. The Caspian Sea basin contains approximately 80 billion barrels of oil, nearly 8 percent of the world's remaining reserves. To put this into perspective, the United States has only 29 billion barrels of remaining oil reserves. Since the discovery of sizable hydrocarbon reserves in the land...
Abstract . The oil and natural gas reserves under the Caspian Sea have sparked the interest of...
Asserting that the US will continue to provide global leadership, given its reserve of "soft power," Joseph Nye (1990) launched a neoliberal institutional rejoinder against the stractural realist postulate of decline in response to Paul Kennedy's well-known 1987 great powers thesis. With the opening of oil resources from landlocked Caspian Sea Basin (accounting for about 10 percent of the world's oil reserves), Fouskas and Gökay see the opening in 2001 of the first front of the war on tenor against the Taliban regime as a geopolitical move to secure oil transit routes through Afghanistan to the Indian Ocean.
On Friday, President Bush will welcome Nursultan Nazarbaev, the leader of Kazakhstan, to the White House. Kazakhstan is the pivotal country in the heart of Eurasia, due to its vast mineral resources, a solid track record of economic growth, and geopolitical location between China and Russia. These days, Washington is short of friends, especially Islamic and oil-rich ones, so every such country counts. Kazakhstan has the largest oil and gas reserves in the Caspian Sea basin, and is producing 1.5 million barrels of oil a day today. It is projected to produce 2.5-3.5 million barrels of oil a day by 2015, surpassing today's output by Qatar or Iraq.
BAKU, Azerbaijan (AP) - Presidents and oil company executives will inaugurate a 1,100-mile pipeline Wednesday that will carry millions of gallons of crude from the landlocked Caspian to the Mediterranean - a much-needed alternative to Mideast energy resources. Analysts say the $3.2 billion, U.S.-backed Baku-Ceyhan pipeline could also help bring stability to the troubled region. The Caspian is thought to contain the world's third-largest oil and gas reserves.
Instability in Georgia is mounting. U.S. interests there coincide almost exactly with those of the European Union. It is therefore all the more puzzling that the two have so far been working at cross- purposes to resolve the country's so-called frozen conflicts. Although bereft of major energy resources itself, the former Soviet republic of Georgia serves as a strategic corridor through which oil and gas pipelines bring the rich reserves of the Caspian Sea to European and world markets. Georgia also happens to be one of the world's fastest-reforming democracies, uniquely situated between Russia, Turkey and Iran. President Mikhail Saakashvili says that the country's number one foreign-policy priority is membership in NATO.
Azerbaijan, Kazakstan, and Turkmenistan have the potential to benefit most from the reserves of oil and gas in the Caspian Sea basin. Russia has expressed intense interest in dominating these vast resources, although the three sovereign states most often seek joint ventures with American and European corporations. Pipeline routes have caused considerable political debate. The European demand for petroleum products should make this area's production second only to that of the Persian Gulf.
Today is the 10th anniversary of a landmark agreement that changed the geopolitical landscape of the Caspian Sea region forever and gave America access to huge oil reserves previously under total control of the Soviet Union. After a decade, the relationship between the contractual parties should remain a U.S. foreign policy priority.
..., Western access to Baku, to the Caspian and beyond would be limited. And last but not leas... answer, because Iran has enormous gas reserves, probably the second largest in the world. It has ...
Kazakhstan is endowed with rich oil reserves, which provide an important source of revenues for stable economic growth and improvement of the country's living standard. This paper addresses the challenge the Republic of Kazakhstan faces in managing its oil supply chain. The country's capacity for refining crude oil is minimal and a substantial portion of that refining capacity is outside the Republic; added to that, most of the pipelines and refineries to export oil to international markets are jointly managed by the Republic and multinational corporations (MNCs). Thus there are political, technological and financial risks for the republic's oil supply chain.
... any direct access to the open sea, as the Caspian Sea is landlocked. While her oil industry's upstre...
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