The New Kuwait: Azerbaijan's Oil Fields

Описание: The New Kuwait (Sep 1997):Thirteen years ago, just six years after regaining independence, the tiny former Soviet republic of Azerbaijan was on track to become the next nation made rich through vast oil reserves in the Caspian Sea.

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'There's a lot of it. I mean by all accounts we're talking one hundred to two hundred billion barrels [of] recoverable oil,' explains Bill Messerall, one man working in the oil industry. As Azerbaijan became independent, Westerners like Messerall were able to move in and exploit the oil for themselves. In the 19th century, there was another oil boom - but those who profited lost their fortunes to the Bolsheviks. 'The houses of the rich were confiscated’, recollects one woman. But despite the hope of prosperity, change is hard for some. 'The Soviet mentality, imposed for three generations, requires at least one generation to get rid of.'

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Produced by ABC Australia - Ref 0370
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