Ownership of the Oil and Gas Resources in the Caspian Sea: Problems and Solutions - International Arbitration and Contractual Clauses
Article from: OGEL 4 (2009), in Eurasian Energy
A large portion of the oil and gas reserves in Central Asia is believed to lie under the Caspian Sea. The extent to which this belief is in fact true remains to be established. For a number of reasons, it is difficult to measure the true wealth of the Caspian Sea. On the one hand, it would seem that the littoral states typically have an interest in exaggerating the potential of the Caspian Sea, primarily with a view to maintaining its attractiveness to outside investment. On the other hand, foreign oil companies interested in the oil and gas resources in the Caspian Sea have a ...