EUCACIS in Brief No. 8: Key Disputes Remain Unsettled Despite The Signing of The Convention on Legal Status
Negotiations to resolve the dispute over the legal status of the Caspian Sea have been long and uneasy. The dispute hindered opportunities for regional cooperation, particularly with regard to the establishment of trans-Caspian energy corridors from Central Asia to Europe. While the recently signed Convention on the Legal Status of the Caspian Sea was met with much optimism in the region and beyond as the long-expected solution to the problem, it also left caveats in the way to the final settlement of the major disputes around the sea, most importantly two issues: (1) the delimitation of borders across the seabed and resultant clarification of the ownership of the disputed fields, and (2) the construction of underwater trans-Caspian pipelines.
EUCACIS in Brief No. 8 can be downloaded here.