Full Description
This book analyzes the legal and economic situation concerning the removal and allocation of natural resources in the Caspian Sea - the largest enclosed body of salt water in the world, which not only constitutes a fragile ecosystem with tremendous fishery resources, but is also rich in oil and gas deposits. After more than 20 years of negotiations, the five littoral states signed the Convention on the Legal Status of the Caspian Sea in August 2018.
This book investigates whether this long-awaited agreement may pave a way forward for the sustainable and peaceful development of the Caspian region. The newly introduced regulations on the delimitation of the boundaries, on the Caspian Sea's natural resources (especially its fossil fuels) and on the transport of goods by shipping and submarine pipelines, are of utmost importance for the successful participation of the Caspian states in global markets. In addition to a detailed analysis of the Convention, the book offersan up-to-date and comprehensive overview of the historical background and current status of issues that are of critical importance for the region's development and security.
Contents
Introduction and Course of the Investigation.- Geography, Politics and Economy in the Caspian Region.- Legal History and the Present State of Use of the Caspian Resources.- Cooperation Levels in Caspian States Practice in the 1990s Until 2018.- Interrelations Between Territorial Delimitation and the Regime of the Use of the Caspian Sea.- The Regime for the Use of Nonliving Resources in the Caspian Sea.- The Legal Regime of the Living Resources of the Caspian Sea.- The Legal Regime of the Pipelines in the Caspian Sea.- The Legal Regime of Maritime Navigation on the Caspian Sea.- Protection of the Marine Environment of the Caspian Sea.- Concluding Remarks.
