Word: caspian
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...Azerbaijan, Georgia and Turkey looks like little more than a jumble of hills and farming towns. But for the engineer, 41, what lies underground has rocked his world: a new 1,100-mile oil pipeline, which in recent months has tied this tiny country on the edge of the Caspian Sea to the huge Western market. "There is a lot of oil and a lot of money," says Mirza, who spent 14 years earning about $10 a month working on a creaking old Soviet oil rig. "And because there is a lot of money, our lives will surely improve...
...Hess. By spring, about 1 million bbl. a day will move down the pipe, and BP could increase that soon after to about 1.5 million bbl. a day. A parallel BP pipeline opened last month to send hundreds of billions of cubic feet of natural gas from the Caspian to Western Europe, in order to break the Continent's overwhelming reliance on Russia...
...countries and the global oil companies, the benefits are so compelling that they trump politics and old ethnic rivalries. The Caspian's oil and natural gas reserves, which some estimates have put as large as 200 billion bbl. (vs. 260 billion in Saudi Arabia), could deliver economic independence to the South Caucasus region and energy independence to the West. "This is about diversifying energy supplies," says Michael Townshend, a BP executive who ran the project in Baku until last year. "It is not from the Middle East and it is not from Russia...
...opposition party leader in Azerbaijan, a former Soviet State on the Caspian Sea, discussed the difficulty of establishing democracy in his homelandin a talk at the Center for Government and International Studies yesterday. “There are only two ways to democratize in Azerbaijan,” said Igbal Aghazadeh, speaking through an interpreter. “One way is if the state democratizes from above...the other way is if there is international support.” Aghazadeh, a member of parliament, expressed skepticism about the Azerbaijani government’s genuine intention to democratize, suggesting that government...
...crisis, spurred by some emotional and erratic outbursts from Georgia, may actually suit Moscow's agenda, since the deeper issue driving the conflict is Georgia's geopolitical orientation: Georgia has joined the Baku-Tbilisi-Ceyhan oil pipeline that skirts Russia and ends its monopoly on transporting Caspian Sea oil to world markets; it has defied Moscow on a range of regional issues; and it is attempting to join NATO, presenting the Russian military brass with the prospect of a strategic rival strengthening its position along Russia's southern underbelly. In short, the crisis is an expression of Russia's failure...