Legacy Reports
Analysis: U.S. has ally in Azerbaijan
Washington (UPI) Jan 18, 2007 - In retrospect, 2007 will be remembered as the high-water mark of Washington's attempts to develop the Caspian's post-Soviet hydrocarbon riches. If early 2008 is any indication, then the one remaining friend that America has in the Caspian basin is Azerbaijan. Neither Iran, subject to ongoing U.S. sanctions, nor the Russian Federation have evinced the slightest interest in sharing their oil and natural gas reserves with U.S. companies, while Turkmenistan's resources are locked up for the foreseeable future with Russia and China and Kazakhstan has played hardball with the Western consortium developing Kashagan, wringing out of its nervous joint partners a doubling of Kazakhstan's share in the massive development project. Only Azerbaijan remains as the first and brightest hope of Western efforts to corral Caspian development, a post-Soviet republic still firmly committed to its Western partners.
Jan 18, 2007