Saturday, January 15, 2005
Chechnya - Who Holds the Key?
Oil is the crux of the power struggle in Chechnya - not just in the pure crude supply form, but in its transportation and export. Chechnya is not only crucial to the world as an oil source, but as a prime location for transferring oil from the Caspian Sea to the Black Sea and, from there, to the West. Whoever controls the territory controls this flow of oil and thus makes the money. By staying in Chechnya, Russia is directly influencing this movement of oil and profiting handsomely.
Russia's oil boom started in 1999 and dramatically increased after the Sept. 11 terrorist attacks due to instability in the Middle East, and American, European, Japanese and Chinese needs for alternative oil sources. American and British oil companies began investing heavily in Russian companies (for example, the BP acquisition of 50% of the Russian company TNK in 2002, forming TNK-BP).
FULL STORY...
Russia's oil boom started in 1999 and dramatically increased after the Sept. 11 terrorist attacks due to instability in the Middle East, and American, European, Japanese and Chinese needs for alternative oil sources. American and British oil companies began investing heavily in Russian companies (for example, the BP acquisition of 50% of the Russian company TNK in 2002, forming TNK-BP).
FULL STORY...
# posted by Deval : 3:22 PM
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