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BAKU: Karabakh War Would Increase Oil Price, Analysts Say

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  • BAKU: Karabakh War Would Increase Oil Price, Analysts Say

    KARABAKH WAR WOULD INCREASE OIL PRICE, ANALYSTS SAY

    news.az
    Sept 20 2011
    Azerbaijan

    A war between Azerbaijan and Armenia over Nagorno-Karabakh could
    have far-reaching consequences, the Oxford Analytica consulting firm
    has said.

    If Russia, Turkey and Iran were to interfere in a war, the situation
    could become far more dangerous and destructive than the Russo-Georgian
    war in August 2008.

    Oxford Analytica said in a statement that a resumption of conflict
    would threaten the Baku-Ceyhan oil pipeline and other energy
    transportation, leading to a spike in the oil price on world markets.

    The war would also endanger the USA's air corridor via Azerbaijan
    used to supply the ISAF in Afghanistan. There is also a fear that
    Russia would interfere in order to strengthen its position in the
    region which would isolate Georgia.

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