Oil and the search for peace in the South Caucasus

The Baku–Tbilisi–Ceyhan (BTC) oil pipeline

This report analyses the interaction between the Baku-Tbilisi-Ceyhan oil pipeline and its political context in the South Caucasus, with particular reference to the frozen conflict over Nagorno Karabakh. It examines a range of conflict actors and assesses the dual potential of the pipeline for conflict reduction or escalation, as well as the possible impact of the changing political status quo on the pipeline itself.