Simon Watkins, OilPrice.com: How Iran Was Swindled Out Of $3.2 Trillion
Underlying the one-year anniversary in mid-August of the signing of the ‘Convention on the Legal Status of the Caspian Sea’ is one of the greatest oil industry swindles in recent years. When representatives of the five Caspian littoral states meet on the 11th and 12th of August, Iran intends to seek some redress from Russia on Moscow’s manoeuvring last August. The Islamic Republic believes that it was robbed of its historical rights in the Caspian, conned out of a US$50 billion per year income, and left without Russia’s support against the re-imposition of U.S. sanctions.
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WNU Editor: Nothing remains forever. The idea that Iran expected to have 50% "ownership" of the Caspian Sea in today's reality was never realistic. One needs to only look at the above map to see why Iran got stuck with 12%.
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