
Geopolitics of Central Asia (V) - The Caspian Sea question: sea or lake?
Giorgio Malfatti di Montetretto The Caspian represents the only major maritime basin in Central Asia. A body of salt water, with no outlet to the open sea, in which the interests of the coastal countries have shaped negotiations over its legal regime. The question of the Caspian Sea gained importance following the dissolution of the USSR, an event that increased the number of littoral states from two (Iran and the Soviet Union) to five (Iran, Azerbaijan, Russia, Kazakhstan, and Turkmenistan), and subsequently led to the discovery of major new hydrocarbon deposits. The region stretching from the Caucasus to Central Asia is one of the oldest oil-producing areas in the world, and had remained largely unexplored until the collapse of the Soviet Union, which had prioritized exploration in Siberia. From that moment on, Kazakhstan, Azerbaijan, Turkmenistan, and Uzbekistan were seen by multinational oil companies as alternative suppliers to Russia and therefore as territories worthy of significant investment. ...

