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Regional News Roundup - June 12, 2008

Caspian energy game heats up

(CACI Analyst) - Last month, Gurbanguly Berdymuhammedov became the first Turkmen president to visit Azerbaijan since his deceased predecessor, Saparmurad Niyazov, traveled there in 1996. Any reconciliation between Azerbaijan and Turkmenistan would be doubly important from the perspective of world energy markets.

Washington and Moscow vie for Turkmenistan’s supplies

Since 1991 the Kremlin and Washington have sparred over the hydrocarbon riches of the Caspian, the world’s greatest untapped regional deposits. While Azerbaijan is now firmly in the Western orbit, both Russia and America are vying for influence in Kazakhstan, but due to U.S. sanctions, Russia has greater opportunities to engage Iran. The final prize is Turkmenistan.

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