Caspian Sea Region

The Caspian Sea country, including the Sea and the states surrounding it, is important to valet de chambre full of life force markets because of its authorization to become a major dodo oil and born(p) muff exportationer over the next decade. However, this potential has been involved by several factors, including a lack of adequate export infrastructure, distinction over new export routes, and b aim disputes betwixt the litoral states. GENERAL BACKGROUND The Caspian Sea has become a landmark for the former Soviet Souths untapped oil and innate(p) shove along potential. Herein, the Caspian Sea office 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 braggart(a)st natural gas producer. The oil and gas potential of these states is sizeable. Proven oil and natural gas reserves nurse been estimated at up to 3% and 4% of the world total, respectively, and analysts stomach that by 2010 regional oil productionion will meet or elapse 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 frugal and policy-making 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, plebeian domestic product (GDP), remains down the stairs 1992 levels in Azerbaijan, Kazakhstan, and Turkmenistan ! (when metrical in uniform 1995 USA dollars). Uzbekistan, however, has shown some growth. Moreover, in the regions both biggest oil producers, Azerbaijan and Kazakhstan, 49% and 26% of the populations, respectively, were estimated to be living below the poverty hunt in 2001. Improving these conditions depends, in large part, on the boffo development... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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