 Russia and the Caspian Region: Between East and WestNadia Campaner and Askar Gubaidullin Chapter 3 in The New Energy Crisis, 2009, pp 85-114 from Palgrave Macmillan Abstract: Abstract At the turn of the twentieth century, the Russian Empire emerged as the world’s largest crude oil producer and exporter with the rapid development of the oil industry in the Baku region.1 In Baku, a cosmopolitan city where East meets West, entrepreneurs of various national origins made fortunes out of oil while eminent scientists such as Dmitry Mendeleev brought their expertise to the needs of the oil industry. After a tumultuous century of ups and downs, modern Russia is back again on the international scene as a major oil and gas exporter, manifesting ambitions to become an energy superpower in the context of surging global demand for energy. New Russia’s strategy highlights that its unique Eurasian location and vast hydrocarbon resources should be able to ensure the security of supply to both its Western and Eastern neighbours in the twenty-first century. The same ambitions are cherished by the former Soviet republics around the Caspian Sea. Rich in oil and gas, they are emerging as new important suppliers of energy resources. Their full potential is still untapped. Keywords: Energy Sector; Energy Crisis; Caspian Region; Primary Energy Consumption; Yamal Peninsula (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24223-4_4 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.