Machine generated contents note: 1 Caspian Oil Development: An Overview 13 -- Laurent Ruseckas -- 2 Developing Caspian Energy Reserves: The Legal Environment 25 -- PaulR. Gregory -- 3 Iran and Caspian Energy: Prospects for Cooperation and Conflict 53 -- Geoffry Kemp -- 4 Political Trends in the New Caspian States: Azerbaijan, Kazakhstan and Turkmenistan 71 -- Shirin Akiner -- 5 The Industry's Race for Caspian Oil Reserves 111 -- Julia Nanay -- 6 The Development of Caspian Sea Oil: Implications for OPEC 127 -- Wilfid L. Kohl -- 7 Price vs. Market Share for the Arab Gulf Oil Producers: Do Caspian Oil Reserves Tilt the Balance? 143 -- Amy Myers Jaffe -- 8 Gulf Oil vs. the Oil of the Caspian Sea 155 -- FadhilJ Chalabi -- 9 The Relevance of Caspian Oil for the World Market 169 -- Sarah A. Emerson