The Black Sea as an Energy Transit Corridor, Summer 2006

Tuesday, September 5, 2006

Due to the market condition of energy resources, we are experiencing heightened competition globally. The reserves of the Caspian region and Russia render the Black Sea an important pasageway. However shipment of oil through the straits with tankers has proven dangerous and projects to bypass them are ongoing. On the other hand additional potential projects are still evolving. At this particular juncture in time, Russia is a critical player in the picture and competition between Russia and the U.S. regarding how future transportation routes will take shape continues.

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Aydın Özü

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