Some call it a sea, others a lake. For decades its status has been questioned. Five countries - Iran, Russia, Kazakhstan, Turkmenistan and Azerbaijan - now agree the Caspian Sea, as it is commonly known, has a "special status." They all have coastlines on the water and dispute who owned the area of water. A deal has now been reached to share the surface and divide up the seabed. If the new agreement holds, it will pave the way for oil and gas exploration. Could this lead to a new global energy and political alliance? Presenter: Mohammed Jamjoom Guests: Stanislav Pritchin - analyst at the Russia and Eurasia programme at Chatham House Foad Izadi - professor of world studies at the University of Tehran Lilit Gevorgyan - country risk analyst at the firm IHS MarkitSource: Al Jazeera News … [Read more...] about Will the Caspian Sea deal hold?
The caspian sea
Even if Putin called the collapse of the Soviet Union the "greatest geopolitical catastrophe of the 20th century" he was forced to bring this process to its conclusion, journalist Arkadi Dubnov observes in a blog commentary in Echo of Moscow: “There was no other way out for him - that's simply the logic of this 'geopolitical catastrophe' that he finds so hard to take. Putin must now refrain from using this populist rhetoric if he wants to avoid being seen as the originator of this 'catastrophe' in the 21st century. ... But Russia has also reaped some benefits from this compromise: freedom of action for its fleet practically everywhere in the Caspian Sea, which will remain common territory apart from the national zones, as well as a ban on foreign military structures (meaning Nato) on the Sea.” … [Read more...] about New deal on legal status of the Caspian Sea
President of Turkmenistan Gurbanguly Berdimukhamedov proposed to create a transport and logistics center in the Caspian Sea. "This will enhance the effectiveness of partnership in the sphere of transportation," he said at the fifth summit of the Caspian states in Aktau. The head of state also expressed the idea to locate the executive apparatus of the center on a rotational basis in coastal cities in each of the countries: Russia, Kazakhstan, Azerbaijan, Iran and Turkmenistan. In addition, Berdimuhamedov suggested developing an agreement on scientific research in the Caspian Sea, and called environment a priority issue for cooperation. He recalled that it is important to pay attention to the prevention and elimination of emergency situations in the Caspian. "The development of the five-sided Agreement in the field of search and rescue in the Caspian Sea is of particular relevance," he stressed. News.Az … [Read more...] about News.Az — Your Window to the RegionCreation of transport and logistics center in the Caspian Sea initiated
The leaders of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan are meeting in the Kazakh port city of Aktau on Sunday to sign a landmark deal on the Caspian Sea. Here are five facts about the inland sea whose legal status has been the subject of fraught negotiations for over two decades since the Soviet Union's collapse. - Vast inland sea - The Caspian is the largest inland body of water in the world. With around 70,000 cubic kilometres (16,800 cubic miles) of water, it is bigger by volume than both the North and Baltic seas. The region's countries have long disputed whether the Caspian is a sea or a lake, which carries legal consequences. No rivers flow out of it and it is surrounded by land which means it is technically closer to being a lake. The new draft agreement calls it a sea while Russia said the provisions give it a special legal status. - Energy-rich - One of the reasons the Caspian has been contested so fiercely by the five littoral states is its abundance of … [Read more...] about The Caspian Sea: rich in oil and gas and caviar
"It is important in determining the final status of the Caspian Sea that we are moving in the right direction." APA reports that the President of Azerbaijan Ilham Aliyev made the due statement in an interview with the first deputy general director of TASS Mikhail Gusman. As the head of state noted, in all issues that require evaluation and analysis, it is necessary to look at the trend: "Now we are moving towards finding mutual understanding on this issue, and I must say that most of the work that was needed to be carried out has already been implemented. I think that the good will, which will continue to be manifested by all the Caspian countries, will allow us to regulate this issue and settle the status of the Caspian Sea. Along with this, I should note that the issue of the unsettled status of the Caspian Sea in no way affects either the multilateral format of cooperation between the Caspian states, nor the bilateral one. In any case, for Azerbaijan. We have very close, friendly … [Read more...] about News.Az — Your Window to the RegionPresident of Azerbaijan: “We are moving in the right direction in the status of the Caspian Sea”