The historical routes from the People's Republic of China (PRC) and India to the Middle East or Europe ran north of, south of, and across the Caspian Sea. Since 1500, maritime transport has dominated trade between Europe and East Asia. Central Asia became an economic backwater, incorporated into...

This book explores the economic challenges involved in managing hydrocarbon wealth in the Caspian region, and looks at how to design an optimal energy policy. The book draws on the Author's experience in dealing with the governments of the region, and her knowledge of the role of major companies...

Cover -- Half-Title -- Title -- Copyright -- Contents -- List of Tables, Figures, Boxes and Maps -- Foreword -- List of Abbreviations -- Introduction -- Part I The Economics of Caspian Hydrocarbon Development -- 1. Economic Development and Resource Dependence -- 2. The Management of Hydrocarbon...

The energy reserves of the Caspian Region have been hailed as the new 'Middle East'. This book offers a thorough assessment of its energy resources and the nature of the international politics that surround them. This volume presents a unique study of the various dimensions of Caspian energy,...