Russia, Iran, and Three Others Agree Caspian Status, But Not Borders

(From 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. . . .

For almost three decades, the five littoral states – Russia, Iran, Kazakhstan, Turkmenistan and Azerbaijan – have argued over how to divide the world’s biggest enclosed body of water.

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