Middle East Update: Iran expands Middle East influence into Caspian Sea

Iran's strategic position between the Persian Gulf, Caspian Sea, and the Indian subcontinent continues to play a pivotal role in securing oil and natural gas export outlets for Kazakhstan and Turkmenistan to outside markets.As synergies among these Caspian Sea countries develop into closer working relationships, the politically charged issue of where to place regional petroleum export routes will soon come to closure as economic drivers decide the final outcome.Much of the recent activity involving Iran and Caspian hydrocarbon exports has focused on swap arrangements between countries.Meanwhile, the focus on Caspian pipeline exports is beginning to shift from oil to gas with a push to...

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