Russia and Caspian Oil: Moscow Loses Control

Abstract

A senior specialist on the Soviet and Russian economies examines issues surrounding the prominence of Caspian Sea oil in Russian policy. Attention is devoted to the evolution of Russian policy toward ownership of seabed resources, participation in international development consortia, and the routes, construction, and ownership of pipelines connecting the Caspian to world markets. Each issue is treated as one that engages the economics, politics, and security dimensions of international relations. Alternative scenarios for the future are outlined.