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Azerbaijan & Turkmenistan: Renewing Caspian Sea Energy Dispute

While many Caspian oil and gas fields are already being exploited, the dispute of the Kyapaz field continues between Azerbaijan and Turkmenistan. (Photo: SOCAR)

Azerbaijan and Turkmenistan are at it again, feuding over a lucrative patch of the Caspian Sea. Russia would likely be the chief beneficiary of Caspian discord, if it continues.

Baku and Ashgabat have wrestled since the Soviet collapse in 1991 over ownership of three Caspian oilfields. Two of the three fields are now among Azerbaijan’s energy gems – the Azeri field (Omar to Turkmenistan) and the Chirag/Osman (620 million tons in oil reserves), both developed by a BP-led consortium. The third disputed field, Kyapaz (Serdar), has about 50 million tons of oil reserves and is still undeveloped.

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Shahin Abbasov is a freelance reporter based in Baku.

Azerbaijan & Turkmenistan: Renewing Caspian Sea Energy Dispute

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