US Investments in Caspian Region Increased Despite Oil Price Crash
A comparison of US Foreign Direct Investment (FDI) and the GDPs of countries in the Caucasus and Central Asia (Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan) shows that even after the oil price crash in 2014, US investments continued to rise. US investment in the region has increased from a low of $14 billion in 2011 to $24 billion in 2015. While it might have been anticipated that US investment would fall along with oil prices, the increase belies this assumption. Instead, the increase in US investment may indicate that US FDI in the Caucasus and Central Asia is in sectors other than the oil industry or that investment in the oil industry has continued to grow despite lower prices.
Note: This analysis does not include Russia, Turkey and Iran, although the CPC studies all three as part of the Caspian region.