Just last year, British Petroleum, or BP, the world’s eighth-largest oil and gas company by revenue, proudly celebrated 30 years of partnership with Azerbaijan. It remains that country’s largest foreign investor.
While the British company brags about its"social investment" in the country, the real beneficiary of the partnership has been Azerbaijan’s ruling family. Heydar Aliyev, a former Soviet KGB officer, was president when BP and Azerbaijan signed a production-sharing agreement for a major Caspian oil field. His son Ilham took over both the BP relationship and country upon his father’s death two decades ago. For the Aliyevs, it has been a lucrative relationship.
When it comes to Azerbaijan, however, the protection that the BP partnership provides may soon change. Freedom House ranks Azerbaijan as one of the world’s most repressive states, and Transparency International ranks it among the world’s most corrupt. The"caviar diplomacy" that once bought the favors of politicians on both sides of the Atlantic Ocean increasingly leads to questions of credibility if not legal jeopardy.
The real problem is that Aliyev increasingly acts erratically. He follows a path hewed by Saddam Hussein. Whether because of wishful thinking, greed, or geopolitical desire, diplomats in both Washington and London once described Saddam as a moderate and made excuses as he grew more detached from reality. This came to a head, of course, when he not only denied Kuwait’s right to exist but then sent his military to act on his ambition .
Indeed, British diplomats involved with Azerbaijan act increasingly uncomfortable behind the scenes and no longer feign belief in their own talking points. BP’s Caspian holds might have brought great profit, but may soon prove Exhibit A in why coddling dictators can be a losing proposition.Michael Rubin is a contributor to the Washington Examiner's Beltway Confidential. He is a senior fellow at the American Enterprise Institute.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US urges Azerbaijan, Armenia to resolve Lachin corridor impasseUS Secretary Blinken urges Azerbaijan and Armenia to resolve political impasse over the Lachin corridor, warning that the ongoing blockade in Karabakh could reignite conflict between the two nations
Read more »
' six' musical takes a fresh, feminist look at british historyCreators describe the show as a 'pop-concert musical' about a girl group featuring the six wives of Henry VIII.
Read more »
Company Of Heroes 3 Shows Off The British In Latest TrailerGet a better look at the British soldiers and their commonwealth in the latest trailer for CompanyOfHeroes 3, coming this February. SEGA
Read more »
British Watch Brand Bremont Just Got a $59 Million Investment to Expand OperationsBillionaire Bill Ackman and private equity firm Hellcat LP have infused the company with serious capital to expand its business.
Read more »
U.K. PM Rishi Sunak fined for failing to wear seatbeltBritish police fined Prime Minister Rishi Sunak on Friday for failing to wear a seat belt while he filmed a social media clip in the back seat of a moving car, a potentially embarrassing blow as he tries to revive his party’s fortunes.
Read more »
McLaren 600LT | PH Used Buying GuideThe 600LT ranks highly among the best British supercars ever made. So what's it like to buy secondhand?
Read more »