Caspian producers seek independence.

The Middle EastNbr. 2007, January 2007

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BUSINESS & FINANCE

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Caspian producers seek independence.

A series of giant hydrocarbon export projects has created an opportunity for two newly independent republics of former Soviet Central Asia to loosen the economic ties that still bind them to the Kremlin. These Middle East plans in the pipeline will redraw the energy map of the Caspian region for the 21st century and relieve acute shipping congestion and security problems in the treacherous waters of the Turkish straits.

OIL-RICH KAZAKHSTAN AND gas-rich Turkmenistan have agreed to build an export pipeline to Russia. The scheme prom...

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