This article critically examines the shortcomings of the offshore industry regulation in the Caspian Sea and proposes a framework to strengthen it. It considers the hydrocarbon industry and resources of the Caspian Sea region and analyses the extent and impacts of Caspian offshore oil and gas activities on its environment, reviews selected regional and global regulatory frameworks for the offshore oil and gas industry and their effectiveness, discusses existing shortcomings of the national and regional regulation of the Caspian offshore oil and gas industry, and provides suggestions on how it could be improved, drawing on the experience and regulatory formulations from other regions of the world.
The International Journal of Marine and Coastal Law – Brill
Published: Sep 10, 2014
Keywords: offshore oil and gas; Caspian Sea; Tehran Convention; oil pollution