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The Economics of Pipeline Routes: The Conundrum of Oil Exports from the Caspian Basin

  • Ronald Soligo
  • Amy Myers Jaffe
Part of the Euro-Asian Studies book series (EAS)

Abstract

When the Soviet Union began to collapse in 1991, the Caspian region quickly attained salience in the international arena, focused initially around suspicions that the region housed Persian Gulf sized reserves of oil and gas. The oil industry’s interest in the area dates from the mid-1980s when Soviet leader Mikhail Gorbachev first seriously raised the prospect of foreign investment to develop the vast unexploited riches of the Caspian area. Then in 1991, the collapse of the Soviet Union rendered the reserves of the newly independent states of Kazakhstan, Azerbaijan and Turkmenistan of immediate interest.

Keywords

Transport Cost Caspian Region Caspian Basin Pipeline Route Bypass Route 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
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    D. Morgan and D. Ottoway, Washington Post, 6 July 1997. See Z. Brzezinski, The Grand Chessboard (New York: Basic Books 1997). A good critique of this school is provided by O. Harries, ‘The Dangers of Expansive Realism’, The National Interest, No. 50 (Winter 1997/1998), pp. 3–7.Google Scholar
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    The US Congress passed legislation, the Iran-Libya Sanctions Act (ILSA) of 1996, that would allow it to impose sanctions on third parties which invested in Iran’s oil and gas industry. Other US laws restrict such investments by US companies to $40 million. This policy is nicely described by Washington analyst Robert Ebel as “ABI: anywhere but Iran”. See R. E. Ebel, Energy Choices in the Near Abroad: the Haves and Have-Nots Face the Future (Washington, DC Center for Strategic and International Studies, 1997): andGoogle Scholar
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    Amy Myers Jaffe and Martha Brill Olcott, “The Geopolitics of Caspian Energy”, in The Euro-Asian World: A period of Transition, edited by Yelena Kalyuzhnova and Dov Lynch (London: Macmillan Press — now Palgrave, 2001).Google Scholar
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    See Justin Jon Rudelson, Oasis Identities: Uighur Nationalism Along China’s Silk Road (New York: Colombia University Press, 1998) .Google Scholar

Copyright information

© Ronald Soligo and Amy Myers Jaffe 2002

Authors and Affiliations

  • Ronald Soligo
  • Amy Myers Jaffe

There are no affiliations available

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