By Natalia Konarzewska
July 31, 2017, the CACI Analyst
In late May, the member states of the Organization of the Petroleum Exporting Countries (OPEC) and several crude producers outside the cartel decided to extend the cuts in oil production by another nine months. This is a follow-up of agreement on the oil production freeze, introduced in November last year by major OPEC crude producers and several countries outside the organization to stabilize the plummeting oil prices and rebalance supply and demand in the crude market. Azerbaijan, which is not an OPEC member, decided to join the freeze deal and its May extension to break this downward spiral and mitigate the negative effects of the oil price on its budget revenues.
By Ilgar Gurbanov
July 24, 2017, the CACI Analyst
On May 23, the defense ministers of Azerbaijan, Georgia and Turkey (AGT) held a trilateral meeting in Batumi, followed in June by the joint trilateral field training Caucasian Eagle 2017 of the three countries’ Special Operations Subdivisions in Georgia’s Vaziani base. The negative impact of terrorism and aggressive separatism on stability and development in the region makes it necessary to pool the capabilities of these countries to confront potential threats directed against their security and sovereignty. The AGT tripartite partnership has proven more successful than other regional integration blocs and initiatives.
By Mamuka Tsereteli
February 17, 2017, the CACI Analyst
The weakening strategic position of Turkey will have a profound impact on the Black Sea-Caspian region and wider Central Asia. An assertive Russia and diminishing U.S. and Western engagement further limits Turkey's ability to play a pro-active role in the region. For regional actors in the South Caucasus, part of the solution should be to create the best possible conditions for transiting Asian cargos via Central Asia, the Caspian Sea, the South Caucasus corridor and the Black Sea to Bulgaria and Romania. This is how countries of the South Caucasus can bring new balancing powers to the region.
By Avinoam Idan
February 6, 2017, the CACI Analyst
Israel’s Prime Minister Binjamin Netanyahu made a landmark visit to Azerbaijan and Kazakhstan in December 2016. The Israeli Prime Minister's visit reflects Israel’s growing interest in Central Asia and the Caucasus, a region that is part of Israel's greater strategic environment. Israel's interest in Kazakhstan focuses on its trade potential, its regional and international status, and its position as a vital link in the Chinese Belt and Road Initiative. Azerbaijan's geographical location, its role as a significant energy exporter, and its security approach have been foci of the close relations that have developed between Baku and Jerusalem over the years. The Prime Minister's visit reflects the continued deepening of ties with Azerbaijan.
By Boris Ajeganov
January 23, 2017, the CACI Analyst
Foreign investment in Georgia is strengthening the country’s importance in connecting East Asia with Europe, which has positive implications for the broader region. The rise in FDI in commercial and transportation infrastructure in combination with the signing of international free trade agreements will reduce Georgia’s vulnerability in terms of economic and, ultimately, ‘hard’ security. The growing importance of the South Caucasus as node for EU-China trade will weaken Russia’s incentives to undermine its southern neighbors by military, political, and economic means as it has done in the past. Accordingly, Tbilisi’s ability to conduct an independent foreign policy is set to improve despite the absence of Western security guarantees.
The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.