IRAN, A NUCLEAR TREATY, AND ITS NEIGHBORS, by Stephen Blank
THE PROSPECTS OF IS IN AFGHANISTAN, by Sudha Ramachandran
AZERBAIJAN AND KAZAKHSTAN FACE TOUGH ECONOMIC DECISIONS AMID DECREASING OIL PRICE, by Nurzhan Zhambekov
CONFLICT-RELATED VIOLENCE DECREASES IN THE NORTH CAUCASUS AS FIGHTERS GO TO SYRIA, by Huseyn Aliyev
KYRGYZSTAN'S PRESIDENT MAKES UNANNOUNCED VISIT TO MOLDOVA, by Arslan Sabyrbekov
PRIVATIZATION IN UZBEKISTAN: THE NEXT DOUBLE, by Umida Hashimova
ACUTE POLITICAL CONFRONTATION SIMMERS IN GEORGIA, by Eka Janashia
TAJIKISTAN'S OPPOSITION SUFFERS KIDNAPPINGS AND ASSASSINATIONS, by Oleg Salimov
By Nurzhan Zhambekov (04/01/2015 issue of the CACI Analyst)
Azerbaijan and Kazakhstan face a tough year as oil prices plummet. A dramatic shift has occurred in the international oil market in recent months as oil supply has gone up, particularly with the U.S. oil production increase, and demand has weakened with the economic slowdown in China and the EU. Saudi Arabia, the world’s second largest oil producer, did not reduce its oil production despite the oil price decline, indicating that it would like to maintain its international oil market share. The precipitous decline in oil prices has resulted in a sharp fall in export revenues for Azerbaijan and Kazakhstan, the third and second largest oil producers respectively in the former-Soviet Union after Russia. This dramatic price drop has put the two countries’ currencies under severe pressure.
The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.