Support The Moscow Times!

Baku Says Hands Off Caspian Oil

Azeri President Haydar Aliyev said Russia was not blocking his country's plans to develop Caspian Sea oil deposits with foreign companies. "Azeri oilmen have been extracting oil from the Caspian basin since 1949 ... No one, no force, no country can deprive us ... of this right," he said at a meeting in Baku on Tuesday with British ambassador Thomas Young. Aliyev, in remarks broadcast by Azeri television, said a Russian statement demanding that Moscow be consulted on Caspian Sea development projects was irrelevant to a multibillion-dollar offshore project with a foreign oil consortium. "No attention should be given to such insignificant information," he said. Aliyev's remarks were monitored by the British Broadcasting Corporation. Russian Foreign Ministry spokesman Grigory Karasin said last week that resource development in the Caspian was the responsibility of all five states bordering the inland water -- Russia, Kazakhstan, Azerbaijan, Turkmenistan and Iran. He said the legal status of the landlocked Caspian had not yet been established. "Our position is that the Caspian Sea should not be divided into sectors. By nature, the Caspian Sea is an enclosed water reservoir with a single eco-system and all its natural resources should be developed in common," Karasin said. "This means that all questions related to the use of natural resources should be settled by all the Caspian states."

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more