The Caspian School. Day 2. Countries of the region in the system of international economic relations

17 September 2015

On September 16, the II Caspian Youth School continued its work in Astrakhan. Topics of the day included a place of the countries of the Caspian Sea region in the system of international economic relations, energy potential of the Caspian Sea and prospects for economic cooperation among the littoral states.


The program was opened by expert from Azerbaijan, Head of Political Scientists Club “South Caucasus” Ilgar Velizade. He gave a lecture on energy potential of the Caspian Sea and prospects for cooperation among the countries of the Caspian five in the field of extraction and transportation of energy resources. The expert mentioned that 60% of population of Azerbaijan lived along the seashore. That underlines importance and involvement of the country into the processes of exploration of the Caspian Sea, which, in its turn, is the only way to deveop business activities and economy of the state.


Deputy Director of the National Energy Security Fund Alexey Grivach told the audience about consumers of the Caspian energy resources, existing approaches and interests. The speaker stated that reserves of natural gas of the Caspian five constituted a half of gas reserves on the planet, which indicated an important role of the region in the international economic relations.


After the two expert lectures, the participants were divided into two groups to develop models of interaction for the Caspian bordering countries in the energy field. One of the groups maintained a position of active competition, the other – a position of close cooperation. As a result of the discussion, the participants provided an assessment of the prospects for each identified scenario in the format of a short presentation.

The economic and energy session was completed by a lecture of consultant of the International Cooperation Unit of the Integration Development Department at Eurasian Economic Commission Dmitriy Yezhov. He covered competition issues of Eurasian integration in the Caspian Sea region and also clarified how the EEU could become a potential platform for economic cooperation of the littoral countries.