Caspian oil and gas in a world of plenty
Russia & Central Asia
12.06.2017
Back in the 1990s, there was a gold-rush atmosphere about the Caspian Sea, which was proclaimed as the next Alaska or North Sea in terms of its oil and gas potential. But exploitation of these riches was hobbled by territorial disputes between the littoral states Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan. Now the end of this stalemate could be in sight, but the oil and gas market has moved on.