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The Caspian region is considered by many to be the next oil and gas frontier. The region’s sizable energy reserves, combined with its unique political stature as eight newly independent states emerging from the break-up of the former Soviet Union, have catapulted these countries into the limelight of Western media and policy debate. Beyond energy, Central Asia and the Caucasus’s location between Russia, China, Iran and Turkey make it a magnet for foreign powers and a flash point for potential conflict between them. In addition to these neighboring countries, the US, Europe, Japan, Pakistan, Saudi Arabia and Israel have all shown interest in the region.
KeywordsCaspian Region Caspian Basin Proven Reserve Pipeline Route Hydrocarbon Reserve
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