Caspian Energy Exports: Turkmenistan fumbling opportunities afforded by Trans-Caspian Pipeline

Leadership in Turkmenistan, one of the Caspian Sea countries, has yet to recognize the importance of the Trans-Caspian Pipeline (TCP) in creating opportunities for a linked Turkey and Turkmenistan.In Turkmenistan, instead of a push to achieve the TCP link, dangerous time has been wasted in gamesmanship. If this opportunity is lost for the country, the winners will be its neighbors and competitors, Russia and Iran. This article looks at Turkmenistan with a view to explaining its lack of success in attracting foreign investment in its oil sector.The region Click here to enlarge imageFig. 1 shows how Turkmenistan is tucked behind the eastern shore of the Caspian Sea and between Russia on th...

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