With the break up of the former Soviet Union, access to the oil rich basins of the Greater Caspian created unexpected options for new investments by the West. Baku, as a regional operating centre, has been producing oil since the 1870's, with an established infrastructure for both on and offshore oil development. Caspian offshore fields are restricted to relatively shallow waters, and much of the area remains unexplored or undeveloped. According to the author of this paper, there is a unique demand of regional cooperation. Unless a pipeline route to the west is successfully agreed in terms of route and finance, significant investments in Caspian will be delayed
Azerbaijan: Cooperation and challenge
1994
6 pages
Report
Keine Angabe
Englisch
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