scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 8,596
The Caspian Sea region including the Sea and the states surrounding it is important to world energy markets because of its potential to become a major oil and natural gas exporter over the next decade However this potential has been complicated by several factors including a lack of adequate export infrastructure disagreement over new export routes and border disputes between the littoral states GENERAL BACKGROUND The Caspian Sea has become a landmark for the former Soviet Souths untapped oil and natural gas potential Herein the Caspian Sea Region is defined to include the Seas littoral states of Azerbaijan Kazakhstan and Turkmenistan as well as parts of Russia and Iran and also Uzbekistan --which although not a littoral state is the regions largest natural gas producer The oil and gas potential of these states is sizeable Proven oil and natural gas reserves have been estimated at up to 3 and 4 of the world total respectively and analysts expect that by 2010 regional oil production will meet or exceed 2002 capacity in Venezuela South Americas largest oil producer At the moment however the countries of the Caspian Sea region are relatively minor world oil and gas producers struggling with difficult economic and political transitions Following the break-up of the Soviet Union the countries economies languished as regional trade collapsed And while the region has enjoyed overall economic growth since the latter half of the 1990s gross domestic product GDP remains below 1992 levels in Azerbaijan Kazakhstan and Turkmenistan when measured in constant 1995 USA dollars Uzbekistan however has shown some growth Moreover in the regions two biggest oil producers Azerbaijan and Kazakhstan 49 and 26 of the populations respectively were estimated to be living below the poverty line in 2001 Improving these conditions depends in large part on the successful development of the regions oil and natural gas potential Although there is still no overarching agreement between the five Caspian littoral states on division of the
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA