Russia wins most from Caspian deal despite concessions

A milestone agreement was possible only by ignoring the key issue of oil and gas rights

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In this article

  • Seabed demarcation unresolved
  • Neither lake nor sea
  • Inshore waters
  • Subsea resources
  • Shared hydrocarbon development
  • Russia's shifting position
  • Common ownership
  • Key interests preserved
  • Grey areas
  • Iran gets security but little else
  • Pipeline questions

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.