"This volume is a collection of papers presented at a conference sponsored by the Emirates Center for Strategic Studies and Research (ECSSR) entitled 'Caspian Energy Resources: Implications for the Arab Gulf', held in Abu Dhabi, October 25-26, 1998. The Arab Gulf is currently the predominant oil exporting region in the world. How far does the energy resource potential of the Caspian basin represent a major challenge to the supremacy of the Arab Gulf? In the course of this volume, the authors explore the various dimensions of Caspian energy, ranging from contentious pipeline issues to the impact of Caspian oil on Gulf producers, OPEC member states and global markets. A discourse on the attraction of Caspian oil reserves underlines the rationale for massive foreign investment flooding the region. The aforementioned issues are studied from the perspectives of the major players and in the context of regional politics and the complex legal environment. Although the future impact of Caspian energy is yet to be determined, this volume offers valuable insight and comprehensive analysis on the major determinants affecting this strategically significant oil-rich region."--

The potentially rich energy resources of the Caspian region have proved to be a tantalizing magnet for nations, oil companies and investors, and this prospective oil bonanza has prompted intense media coverage. As nations continually search for new supplies to replace those barrels of oil that are being depleted, Caspian oil assumes significance because of its high quality and export potential. How far will this potential be realized, and to what extent will these resources become a substitute for Gulf oil? In this volume, a number of researchers and experts discuss the various dimensions of Caspian oil, including: its attractions; the rationale and scope for foreign investment; the complexities of the region's legal environment; contentious pipeline issues; regional political trends; and the economic impact of Caspian oil on oil producers from the Arab Gulf countries and the world market. Given the limits in the opportunities of developing means to exploit Caspian oil, studies suggest that there is little prospect of serious competition to Gulf oil and that the market control of the Arab Gulf producers may be relatively unaffected in the short or medium term. However, Caspian oil will be a significant addition to non-OPEC output and may eventually threaten the predominant position of Gulf oil, unless regional oil producers adopt more market-oriented economic investment and pricing policies.

The energy reserves of the Caspian Region have been hailed as the new 'Middle East'. This book offers a thorough assessment of its energy resources and the nature of the international politics that surround them. This volume presents a unique study of the various dimensions of Caspian energy, ranging from the geopolitical to the economic, technical, religious and political.

The Caspian Sea is a 700 mile-long body of water in central Asia, landlocked between Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan. While not a littoral state, nearby Uzbekistan is seen by some as being in the Caspian Sea region in view of its energy resources. It is estimated that the Caspian Sea region holds in reserves 16-33 billion barrels of oil and 236-337 trillion cubic feet of natural gas in reserve. This new book explores details related to energy exploration and the potentials of trade and production in this geo-politically significant region. The possible repercussions on OPEC are explored as well. Region: Potential Oil and Gas Supply to World Markets; Index.

The analysis of geopolitics and energy security policies in the Caspian region is a challenging research task. This is because of the specific development of international relations in this region and the evolution of its importance in the context of the functioning of the global energy market. Due to its special geopolitical location in central Eurasia and at the junction at the world’s largest trading routes, the region is gaining in importance, both politically and economically in contemporary international relations, and becoming a place where actors involved satisfy the need for energy security.

This timely collection offers fresh perspectives to the analysis of the 'New Great Game' – the fight for access to the Caspian Sea region's energy resources. To date, the export of the Caspian crude oil and natural gas has only been assessed geopolitically, which oversimplifies the political dynamics of the region and neglects to acknowledge the Caspian countries as actors in their own right.