What's Happening?
Azerbaijan has raised concerns over the rapid decline in the Caspian Sea's water levels, which is affecting ports and oil shipments. The sea, a crucial source of offshore oil reserves, has seen its level drop significantly over the past decades, with an accelerated rate of decline. This has disrupted economic activities and posed challenges for sustainable development. The falling water levels are impacting the transportation of oil, with shipments through the Dubendi oil terminal decreasing. Azerbaijan attributes the issue to climate change and Russia's dam constructions on the Volga River.
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Why It's Important?
The shallowing of the Caspian Sea poses significant risks to the region's economy and environment. It affects oil transportation, increasing logistics costs and reducing cargo capacity. The decline threatens marine species, including sturgeon and Caspian seals, which are losing their habitats. The situation highlights the broader impact of climate change on natural resources and economic activities, necessitating international cooperation to address the challenges. The issue could lead to increased tensions among Caspian Sea bordering countries over resource management and environmental protection.
What's Next?
Azerbaijan and Russia have formed a joint working group to monitor and respond to the Caspian Sea's declining water levels. The group plans to approve a joint program in September to address the issue. Azerbaijan is undertaking dredging operations to maintain port operations, with new vessels being built to assist in these efforts. The situation requires ongoing international collaboration to mitigate the environmental and economic impacts of the sea's decline.
