Caspian Sea Oil & International Theory

4 April 2015
Examines realism, rationalism & regime theory, hegemony & cooperation; applies theories to analysis of national representation in Azerbaijan International Operating Consortium.

NATIONAL REPRESENTATION IN THE AZERBAIJAN INTERNATIONAL OPERATING CONSORTIUM
Introduction
This research analyzes the national representation in the Azerbaijan International Operating Consortium (AIOC). The AIOC is one of two consortia involved in the development of the petroleum resources in the Caspian Sea region (Gorst, 1997, pp. 33-34). The other consortium is the older Caspian Pipeline Consortium (CPC). The CPC is engaged primarily in the development of a pipeline system to transport Caspian Sea petroleum to the Mediterranean area, while the AIOC is involved primarily in the extraction of the petroleum.

Competition is fierce for participation shares in the AIOC. Petroleum companies either state-owned or private sector from the..

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