scholarly journals OIL DEPENDENCE OF POST-SOVIET COUNTRIES IN THE CASPIAN SEA REGION: THE CASE OF AZERBAIJAN AND KAZAKHSTAN

2018 ◽  
Vol 17 (3) ◽  
pp. 5-12 ◽  
Author(s):  
Katarzyna Czech
Keyword(s):  
Soviet Union ◽  
Caspian Sea ◽  
Former Soviet Union ◽  
Oil Prices ◽  
The Caspian Sea ◽  
Crude Oil Prices ◽  
Gdp Growth Rate ◽  
Merchandise Export ◽  
Macroeconomic Indicators ◽  
Oil Rents

The aim of the research is to present oil dependence of Azerbaijan and Kazakhstan from 2000 till 2017. The analysed countries represent two former Soviet Union countries in the Caspian Sea region and are among the world’s top 15 oil dependent economies. It is shown that both countries generate high oil rents to GDP ratios. Moreover, the paper reveals that their fuels export constitutes a huge portion of total merchandise export. It implies that majority of Azerbaijani and Kazakhstani export revenues come from resources extraction. The empirical analysis of co-movements between the crude oil prices and chosen macroeconomic indicators shows that correlation between oil prices and Kazakhstani and Azerbaijani public debt to GDP ratios is negative, strong and significant. In addition, there is significant relationship between oil prices and Kazakhstani exchange rate and GDP growth rate.

The Caspian Sea: Quest for a New Legal Regime

1996 ◽  
Vol 9 (1) ◽  
pp. 87-98 ◽  
Author(s):  
Sergei Vinogradov ◽  
Patricia Wouters
Keyword(s):  
Soviet Union ◽  
Natural Resources ◽  
Caspian Sea ◽  
Former Soviet Union ◽  
Legal Regime ◽  
The Caspian Sea ◽  
Former Ussr

One of the most controversial contests over the allocation of shared natural resources is now being waged by four former Soviet Union republics (Azerbaijan, Kazakhstan, Russia, and Turkmenistan) and Iran over the riches of the Caspian Sea. The bilateral regime established by the former USSR and Iran governing the Caspian Sea, though technically still existing today, is inadequate to deal with the present-day complex issues of the use and allocation of natural resources. The situation is aggravated by unilateral claims of the states bordering the Sea. Although the coastal states are currently discussing how the regime of the Caspian Sea might be resolved, the issue is not yet settled and the positions of the parties remain divergent.

Convention on the Legal Status of the Caspian Sea

2019 ◽  
Vol 58 (2) ◽  
pp. 399-413
Author(s):  
Rizal Abdul Kadir
Keyword(s):  
Soviet Union ◽  
United Nations ◽  
International Law ◽  
Caspian Sea ◽  
Legal Status ◽  
The Caspian Sea ◽  
The Soviet Union ◽  
The United Nations

After twenty-two years of negotiations, in Aktau on August 12, 2018, Kazakhstan, Azerbaijan, Iran, Russia, and Turkmenistan signed the Convention on the Legal Status of the Caspian Sea. The preamble of the Convention stipulates, among other things, that the Convention, made up of twenty-four articles, was agreed on by the five states based on principles and norms of the Charter of the United Nations and International Law. The enclosed Caspian Sea is bordered by Iran, Russia, and three states that were established following dissolution of the Soviet Union, namely Azerbaijan, Kazakhstan, and Turkmenistan.

scholarly journals Mental health services in Azerbaijan

2004 ◽  
Vol 1 (3) ◽  
pp. 16-17
Author(s):  
Fuad Ismayilov
Keyword(s):  
Mental Health ◽  
Soviet Union ◽  
Mental Health Services ◽  
Health Services ◽  
Caspian Sea ◽  
Total Population ◽  
The Other ◽  
The Caspian Sea ◽  
The North ◽  
The Soviet Union

Azerbaijan is a nation with a Turkic population which regained its independence after the collapse of the Soviet Union in 1991. It has an area of approximately 86 000 km2. Georgia and Armenia, the other countries comprising the Transcaucasian region, border Azerbaijan to the north and west, respectively. Russia also borders the north, Iran and Turkey the south, and the Caspian Sea borders the east. The total population is about 8 million. The largest ethnic group is Azeri, comprising 90% of the population; Dagestanis comprise 3.2%, Russians 2.5%, Armenians 2% and others 2.3%.

scholarly journals THE EFFECT OF TRANSFERING ISRAEL CAPITAL CITY TO JERUSALEM TOWARD INDONESIA MACRO ECONOMY

2020 ◽  
Vol 3 (2) ◽  
pp. 260-282
Author(s):  
Liliek Nur Sulistiyowati
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Crude Oil ◽  
Interest Rates ◽  
Oil Prices ◽  
Donald Trump ◽  
State Budget ◽  
Crude Oil Prices ◽  
Macroeconomic Indicators ◽  
The Impact

United States President Donald Trump has just issued a controversial policy by giving Jerusalem recognition as the capital of Israel. This controversial policy triggered a strong reaction from a number of countries, especially Islamic countries including Indonesia. Indonesia through President Jokowidodo strongly condemned the policy of moving the Israeli capital to Jerusalem because it would disrupt political and security stability in the Middle East region. In the midst of the political impact caused by President Donald Trump's policies also affected the global economy. The world stock exchanges reacted immediately with the existence of these policies, one of which was the fall of the stock market index in Japan and South Korea due to investor concerns. The impact of the policies implemented by President Donald Trump also affected the Indonesian economy. This policy will affect the financial markets and capital markets in Indonesia. Trump's policy triggered an increase in the US $ exchange rate against the currencies of other countries including the Indonesian currency. Some of the negative effects on the Indonesian economy were the increase in world crude oil prices. Indonesia is currently no longer an oil exporting country, so that with the increase in world crude oil prices it will provide a fiscal burden in the State Budget (APBN). Fuel subsidies in the state budget will increase along with the increase in world crude oil prices that occur. In addition to the impact on the rupiah exchange rate against the US $, Donald Trump's policy also affects the inflation rate and the SBI interest rate. Through 2018, Bank Indonesia has raised the SBI interest rate by 150 basis points (bps) or 1.5%. The BI Governor explained that one reason for changing the benchmark interest rate was US monetary policy. The determination of high SBI interest rates also had an effect on reducing inflationary pressures. This study aims to look at the influence of President Donald Trump's policies regarding the transfer of the Israeli capital to Jerusalem against Indonesia's macroeconomic indicators. Indonesia's macroeconomic indicators are seen from 3 variables, such as the inflation rate, SBI interest rates and the rupiah exchange rate against US $ Key words :  Donald Trump, inflation, SBI interest rates, exchange rates / exchange rates  

Prospects for energy cooperation in the Caspian Sea

2007 ◽  
Vol 40 (2) ◽  
pp. 157-168 ◽  
Author(s):  
Gawdat Bahgat
Keyword(s):  
Soviet Union ◽  
Natural Gas ◽  
Caspian Sea ◽  
Legal Status ◽  
Cost Effective ◽  
The Caspian Sea ◽  
Gas Reservoir ◽  
The Soviet Union ◽  
Oil And Natural Gas ◽  
The Persian Gulf

Since the collapse of the Soviet Union in late 1991, the Caspian Sea region has been seen as a potential major oil and natural gas reservoir. For more than a decade, the five nations that share the Caspian—Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan—have sought to develop the basin’s hydrocarbon resources. This paper provides an assessment of these resources and examines two major hurdles: lack of consensus on the legal status of the Caspian and disagreement of the most cost effective pipeline routes. It argues that oil and natural gas from the Caspian is certain to contribute to global energy security. However, the Caspian Sea should not be seen as a replacement to the Persian Gulf.

scholarly journals Military and political aspects of cooperation of Caspian states as the main guaranteed of ensuring regional security

2020 ◽  
pp. 12-19
Author(s):  
Mehriban Elbrus Guliyeva
Keyword(s):  
Soviet Union ◽  
Caspian Sea ◽  
Political Activity ◽  
Regional Security ◽  
The Caspian Sea ◽  
The Soviet Union ◽  
Special Character ◽  
New States ◽  
Point Of Intersection ◽  
The Military

Caspian region has always been a point of intersection of interests for multiple states. Throughout all historical periods, the presence of influential states in the Caspian Sea coast led to escalation of tension in the region. Such factors as heterogenic population of littoral states and differences in mentality further aggravated the situation. Thus, the military-political activity of the Caspian states has always been of paramount importance. The significance of military-political activity for the countries of Caspian Basin was substantiated by the following key factors: concentration of the majority of explored hydrocarbon deposits of these countries on its continental shelf; presence of substantial reserves of various biological resources in the waters of Caspian Sea; location of the region on the junction of important geopolitical paths; largely populated coastal regions. After the collapse of the Soviet Union and formation of new states in the region, this activity acquired a special character.

scholarly journals La place de la mer Caspienne dans la politique étrangère russe

1970 ◽  
pp. 13
Author(s):  
Khagani Guliyev
Keyword(s):  
Foreign Policy ◽  
Soviet Union ◽  
Caspian Sea ◽  
Large Scale ◽  
Russian Foreign Policy ◽  
The Caspian Sea ◽  
The Soviet Union ◽  
New Challenges ◽  
The 19Th Century

This study focuses on the question of the role of the Caspian Sea at a large scale in the current Russian foreign policy. It is noted that though in the historical perspective the Caspian Sea basin had been totally dominated by Russia since the beginning of the 19th century, this domination was contested and considerably reduced after the collapse of the Soviet Union. Paradoxically, in parallel for various reasons exposed in the paper, the Caspian Sea gained more importance in the Russian foreign policy giving rise to new challenges for the future of the Russian power in the region.

scholarly journals Problems Encountered during the Transition to Market Economy in Azerbaijan and Solution Attempts

2013 ◽  
Author(s):  
Cihan Bulut ◽  
Elchin Suleymanov ◽  
Fakhri Hasanov
Keyword(s):  
Soviet Union ◽  
Natural Gas ◽  
Market Economy ◽  
Former Soviet Union ◽  
Transition Period ◽  
Economic Recession ◽  
Gdp Growth Rate ◽  
The World ◽  
Oil And Natural Gas ◽  
The Republic

After re-gaining its independence on 18 October 1991, the Republic of Azerbaijan started to transform to the market-based economy and to integrate into the world economy. The country’s oil and natural gas reserves have been considered the main source for financing range of government programs for reforms. On the one hand, these reserves had to be used effectively; on the other hand, there was a huge demand for foreign investment for extraction. To this end, Azerbaijan has signed “Contract of the Century” in 1994. Although Azerbaijan has wide oil and natural gas reserves, it has faced a number of difficulties in its transition way. This study analyzes these problems and reforms for solving them. One of the types of the problems were related to the economic structure of the former Soviet Union: disruption of the economic ties between the republics resulted in decline of production, high levels of unemployment and prices and consequently led to an economic recession in all of the republics. Another set of problems was related to lack of sufficient institutional bases to transform to the market economy. Moreover, internal conflicts between the political parties and groups for having authority as well as political chaos in the republic can be considered other serious problems during the transition period. Furthermore, Karabakh war and occupation of 20 percent of the Azerbaijani territory by the Armenian military forces had made the situation extremely complicated. Despite all of these extremes, Azerbaijan transformed to the market-based economy decidedly and even became one of the fast growing countries of the world. Even in 2006, with the GDP growth rate of 34.5 percent, Azerbaijan was a leader among growing economies. In parallel with this significant economic development, there is still a need for some socio-economic and institutional reforms in order to get a well-functioned market-based economy in Azerbaijan.

On the attenuation of Lg waves in western and central Asia and their use as a discriminant between earthquakes and explosions

1981 ◽  
Vol 71 (1) ◽  
pp. 249-261
Author(s):  
Otto W. Nuttli
Keyword(s):  
Soviet Union ◽  
Surface Waves ◽  
Caspian Sea ◽  
Amplitude Ratio ◽  
Epicentral Distance ◽  
Amplitude Ratios ◽  
The Caspian Sea ◽  
P Waves ◽  
Anelastic Attenuation ◽  
The Soviet Union

abstract Data from earthquakes and explosions in the western and central parts of the Soviet Union are used to determine the values of the coefficient of anelastic attenuation of 1-sec period Lg waves from the Russian uplands region and for the region from the Caspian Sea to the southern perimeter of the Soviet Union. For the former region, the value is approximately 0.15 deg−1, and for the latter 0.35 deg−1. Using the empirical Veith and Clawson (1972) curve for the amplitude of P waves at regional distances and theoretical curves for the attenuation of higher mode surface waves for Lg, curves are constructed which show the variation of the amplitude ratio of Lg to P with epicentral distance, with the coefficient of anelastic attenuation as a parameter. When data from explosions and earthquakes in the Soviet Union are compared with the calculated curves, the amplitude ratios of Lg and P on the average are larger for earthquakes than explosions. However, there is much overlap, so that this ratio by itself does not appear to be a useful discriminant between earthquakes and explosions.

INTEGRATION AND CENTRIFUGAL TENDENCIES IN THE CASPIAN REGION: LEGAL ASPECTS

2021 ◽  
Vol 1 (2) ◽  
pp. 35-42
Author(s):  
KURBANOV RUSHID A. ◽  
◽  
BELYALOVA ASIA M. ◽  
Keyword(s):  
Soviet Union ◽  
Caspian Sea ◽  
Legal Status ◽  
Legal Aspects ◽  
Caspian Region ◽  
Legal Basis ◽  
The Caspian Sea ◽  
The Soviet Union ◽  
Former Soviet Republics

The article analyzes the legal basis for cooperation of the states of the Caspian region - Russia, Azerbaijan, Kazakhstan, Turkmenistan and Iran. With the signing of the Convention on the Legal Status of the Caspian Sea in 2018, the relations between five countries have reached a qualitatively new level. While with the collapse of the Soviet Union centrifugal trends dominated cooperation, especially after the former Soviet republics gained independence, recent years have been characterized by centripetal tendencies, and the COVID-19 crisis has clearly demonstrated that only by joint efforts the countries can confront today's challenges and threats. An important aspect of cooperation among the Caspian littoral states is their membership in various integration groupings, which imposes certain obligations on these states, undoubtedly affecting their interaction in the Caspian region.

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