To: goldsnow who wrote (14325 ) 7/10/1998 12:21:00 PM From: long-gone Respond to of 116764
Goldsnow, A wise man said it is inflation when it his the rich. This should do it. Can we say "Caviar shortage"! Monday July 6 1:00 PM EDT Russia, Kazakhstan divide Caspian Sea MOSCOW, July 6 (UPI) - Russian President Boris Yeltsin and Kazakhstan President Nursultan Nazarbayev (''noor-sool-TAHN nah-zahr-BYE-ef'') have signed an agreement dividing the northern part of the oil-rich Caspian Sea, settling a longstanding dispute over ownership of the seabed. The landmark agreement will divide the north Caspian seabed into Russian and Kazakh sectors, allowing unhindered oil exploration. The deal was praised by Nazarbayev, who said political stability in the area was now assured. Nazarbayev said: ''Usually oil brings either wealth or blood. This agreement will serve future generations.'' Oil analysts in Moscow said the the agreement was a step in the right direction, but there was still friction among the other littoral states in the south Caspian. Azerbaijan and Turkmenistan have traded angry words over the rights to pump oil out of disputed fields, and are nowhere near an agreement. Turkmenistan's President Saparmurat Niyazov (''sah-pahr-moo-RAT nee- YAH-zawf'') arrived in Tehran today for talks with Iranian officials on a fair split of the Caspian's oil and gas resources. Today's Russian-Kazakh agreement was primarily aimed at clearing the way for development of the vast oilfields in the northern Caspian, but a section on fishing rights in the new sectors was included, giving both countries' fishing fleets unlimited access to commercial fishing grounds. There was no mention of a ban on poaching or protection of the rapidly dwindling population of sturgeon, which is facing extinction due to overfishing and pollution. Environmentalists say the Caspian sturgeon, which provides the world with caviar, may disappear in the next five years if current poaching combined with oil development continues unabated. Copyright 1998 by United Press International. All rights reserved.