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What Does the New Caspian Sea Agreement Mean For the Energy Market?
(L-R) Azerbaijan's President Ilham Aliyev, Iranian President Hassan Rouhani, Kazakhstan's President Nursultan Nazarbayev, Russian President Vladimir Putin and Turkmenistan's President Gurbanguly Berdymukhamedov pose after the signing ceremony at the 5th Caspian Summit in Aktau on August 12.
(ALEXEY NIKOLSKY/AFP/Getty Images)
A new deal resolves some of the concerns of countries surrounding the Caspian Sea, but lingering differences over energy issues will continue to stall progress on projects such as the Trans-Caspian Gas Pipeline....
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