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The Caspian-Caucasus region has received considerable attention over the past eight years. The old potential of this colossal territory is so significant that the analytical centres of the world's largest oil and refining companies consider it to be more long-term than the unstable Persian Gulf. The Politics of Caspian Oil is a collection of essays presenting the results of recent research, which should serve as a reference book for the politics of Caspian oil.