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. Last Updated: 07/27/2016

Controlling CIS Oil

Prime Minister Viktor Chernomyrdin ... recommends that in defending their [energy] interests, the CIS states must "actively preserve their sovereignty through mutually coordinated action and the implementation of cooperative energy policies." ...

The Russian prime minister's call to develop a single position in their relations with other gas and oil producers would be an easy solution were it not for two problems:

First, as the practice of mutual co-existence has already shown, having control of their own energy resources, the CIS countries are not prone to coordinating their external fuel policies with Russia's. ...

Second, the wealth of oil and gas in the Caucasus and Central Asia is not of interest only to Russia. It is doubtful that the United States, Iran and Turkey would not also end up participating in Russia's attempt to initiate cooperation on energy issues within the CIS ... Just how the CIS states will cooperate in shielding themselves from "the severe influence" of transnational companies is not quite clear. It is these transnational companies in particular which are turning out to be the primary sources for potential investment in the fuel and energy complex.