This paper provides a brief overview of the political economy of Caspian oil. It begins by situating the Caspian region's oil sectors in the larger global market, before proceeding to examine the ways in which the Azerbaijani, Turkmen, and Kazakh oil sectors have been organised and governed...

The Barons A visitor from Sweden Revolution Soviet Days The Middleman Détente The perfet Oil Field Crossfire The First Deal Return to Baku The Contract of the Century The Near Abroad Early Oil A Battle of Wills A Table of Two Negotiators An Accidental Pipeline An Army for Oil Boom and Bust...