International Conference on Eurasian Economies

11-13 October 2012 – Almaty, KAZAKHSTAN

Paper detail

Paper ID : 434
Status : Paper published
Language : English
Topic : Natural Resources and Environment
Presenter: Prof. Dr. Şaziye Gazioğlu
Session : 3A Energy & Natural Resources

The Central Asian Countries and the Energy Sector: Economics, Politics and Legal Aspects
The Central Asian Countries and the Energy Sector: Economics, Politics and Legal Aspects

• Prof. Dr. Şaziye Gazioğlu (Middle Eastern Technical University, Türkiye)
• Mrs. Fatoş Otcuoğlu (Pekin & Bayar Law Firm, Türkiye)

Abstract

This paper is written with aim of investigating the importance of the natural resources within the Central Asian energy sector. The geopolitics position of the Central Asian Countries place them in the centre of conflicting powers; that is to say, on the one hand they are providing energy to Europe and USA, and on the other hand they are next to China, which has the highest and growing demand for energy consumption. In political arena, China accordingly seeks to prevent the independence of East Turkistan, which has historical links to Turkistan (West) in Russia. In this regard, we examine the energy policies and trade between states, and we particularly focus on the gas and oil pipelines from said countries to Europe. We also examine the demand from Caucasian and the Central Asian Countries by European, and Pacific Countries and, as well as, the USA. Correspondingly, we discuss the political conflicts upon the energy investments, and mainly concentrate on the investments in Central Asian and Commonwealth of Independent States (“CIS”), and the political risks and legal disputes relating to foreign energy investment and stability implications in this regard.

JEL codes: Q51, C78, Q43

Gazioğlu, Şaziye, Otcuoğlu, Fatoş (2012). "The Central Asian Countries and the Energy Sector: Economics, Politics and Legal Aspects" in Proceedings of International Conference of Eurasian Economies 2012, pp.46-53, Almaty, KAZAKHSTAN.

DOI: https://doi.org/10.36880/C03.00434

Full paper in PDF format.

Session 3A: Energy & Natural Resources