Russia, Iran, and three others agree Caspian status, but not borders
AKTAU, Kazakhstan (Reuters) - Iran and four ex-Soviet nations, including Russia, agreed in principle on Sunday how to divide up the potentially huge oil and gas resources of the Caspian Sea, paving way for more energy exploration and pipeline projects. However, the delimitation of the seabed - which has caused most disputes - will require additional agreements between littoral nations, Iranian President Hassan Rouhani said. For almost three decades, the five littoral states - Russia, Iran, Kazakhstan, Turkmenistan and Azerbaijan - have ...
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