Major Power's Role in the Caspian Sea Region
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3 سال پیش
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#china #russia #america #india #pakistan #css #ips
The Caspian sea possesses a vast amount of oil and gas resources which led it to play a significant role in world energy security. The Caspian region is also termed as a “New Middle East” by analysts.
The Caspian Sea is the largest inland body of water in the world.
Length_______________ 1,030 km
Width__________________435 km
Surface area________143,200 sq mi
Depth__________________ 1,025 m
The region consists of five states: Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan.
Major Competitors in Caspian Region
1. The United States of America
2. Russia
3. China
After 9/11 the US got the Chance to get its foothold in this region. Military cooperation with the newly independent Caspian region states started after 9/11. With the intensification of energy, security, and economic interests of the big powers to the Caspian region, it transformed to be the core of the “New Great Game”. The New Great Game focuses on the Caspian energy reserves, principally Oil and Gas”.
Former Energy Secretary of the US, Bill Richardson notes, “The Caspian region will hopefully save us from total dependence on Middle East oil”. It possesses a high amount of proven and possible energy resources. Estimation is that proven oil is between 10 and 32 billion barrels with 233 billion barrels of possible oil reserves. It is estimated in 243-248 trillion cubic feet proven and 293 trillion cubic feet of possible gas.
The US sees the Caspian region as an important area for its geo-strategy as it is connected with its position in the Middle East. Russian concerns are ethnic and territorial disputes. China is worried about the security issue in its Xingjian province and Energy Security in the Caspian region. Because of growing energy demand and declining domestic production, Europe will rely on imports for two-thirds of its energy needs. European dependence on imported oil will remain extremely high, reaching 94 percent in 2030.
The involvement of the large American and western energy companies in the energy sector of the Caspian region began right after the dissolution of the Soviet Union at the beginning of the 1990s. In 1993, Chevron signed the first agreement with Kazakhstan for the exploitation of the largest Kazakh oil field, Tengiz, and began to increase its influence on the other energy-rich Caspian region countries, Azerbaijan and Turkmenistan. The “Deal of Century” between western oil companies and the Azerbaijani government on 20 September 1994 for the exploration of three joint offshore fields; Azeri-Chirag- Guneshli.
#china #russia #america #india #pakistan #css #ips
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DISCLAIMER
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
The Caspian sea possesses a vast amount of oil and gas resources which led it to play a significant role in world energy security. The Caspian region is also termed as a “New Middle East” by analysts.
The Caspian Sea is the largest inland body of water in the world.
Length_______________ 1,030 km
Width__________________435 km
Surface area________143,200 sq mi
Depth__________________ 1,025 m
The region consists of five states: Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan.
Major Competitors in Caspian Region
1. The United States of America
2. Russia
3. China
After 9/11 the US got the Chance to get its foothold in this region. Military cooperation with the newly independent Caspian region states started after 9/11. With the intensification of energy, security, and economic interests of the big powers to the Caspian region, it transformed to be the core of the “New Great Game”. The New Great Game focuses on the Caspian energy reserves, principally Oil and Gas”.
Former Energy Secretary of the US, Bill Richardson notes, “The Caspian region will hopefully save us from total dependence on Middle East oil”. It possesses a high amount of proven and possible energy resources. Estimation is that proven oil is between 10 and 32 billion barrels with 233 billion barrels of possible oil reserves. It is estimated in 243-248 trillion cubic feet proven and 293 trillion cubic feet of possible gas.
The US sees the Caspian region as an important area for its geo-strategy as it is connected with its position in the Middle East. Russian concerns are ethnic and territorial disputes. China is worried about the security issue in its Xingjian province and Energy Security in the Caspian region. Because of growing energy demand and declining domestic production, Europe will rely on imports for two-thirds of its energy needs. European dependence on imported oil will remain extremely high, reaching 94 percent in 2030.
The involvement of the large American and western energy companies in the energy sector of the Caspian region began right after the dissolution of the Soviet Union at the beginning of the 1990s. In 1993, Chevron signed the first agreement with Kazakhstan for the exploitation of the largest Kazakh oil field, Tengiz, and began to increase its influence on the other energy-rich Caspian region countries, Azerbaijan and Turkmenistan. The “Deal of Century” between western oil companies and the Azerbaijani government on 20 September 1994 for the exploration of three joint offshore fields; Azeri-Chirag- Guneshli.
#china #russia #america #india #pakistan #css #ips
---------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
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