The Caspian Sea, the largest landlocked
body of salty water in the world, is surrounded by five “Caspian States”:
Russia in the north; Iran in the south; Azerbaijan in the west, and Kazakhstan
and Turkmenistan in the east. Caspian Sea’s location at the crossroads of
Asia, Europe, and the Middle East has kept the region’s strategic importance to
international geopolitics.
Before the breakup of the Soviet Union in 1991,
Soviet-Iran treaties governed the exploitation of the Caspian Sea, but since
then a legislative black hole in governance and delimitation has been created.
All littoral states agree that a multilateral treaty is the ideal way to
resolve their dispute over the division of the sea bottom and the
delimitation of surface waters.
For more than two decades, the Caspian littoral
states have been working on resolving the Caspian problem in numerous meetings
at various levels including the summit conferences of the heads of states and
governments. However, despite over 40 ad hoc working group meetings at the
level of deputy foreign ministers and four Summits[1] of
Caspian Sea Heads of State, they have been unable to find a solution that
would satisfy all.[2]
There are great difficulties in resolving this
issue since even international laws fail to provide an adequate framework. All
the treaties in the past relate to navigation and, to a lesser
extent, fishing rights, but not to seabed mining. Navigation and
fishing rights should not be confused with the right of using the mineral
resources. With mineral resources, the seabed is taken to consideration and not
the water layer. Failed consensus due to diverse motives and interests
paved the way for unilateral actions, bilateral and trilateral agreements,[3] and
consequent disputes.
The legal headache of dividing up the sea
continues to pose a serious obstacle to the development of several fields and
blocked many projects including trans-Caspian oil and gas pipelines. After all,
how the Caspian seabed is divided among the littoral states will determine
which hydrocarbon fields will fall into whose sector.
Subjects | Economics |
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Journal Section | Articles |
Authors | |
Publication Date | September 1, 2016 |
Published in Issue | Year 2016 Issue: 2 |
Energy Policy Turkey is a Trade Mark of TESPAM