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P126 OCEANIC PLATE OPENED BY SHEARING OF CONTINENTAL MARGIN: EXAMPLE OF SOUTH CASPIAN I.R. MURTUZAYEV Institute of Mineral Resources 1 “A” Inshaatchilar Ave. Apt. 3 AZ 1065 Baku Azerbaijan Summary Data from circum-South Caspian areas show that tectonism of the region is determined by lateral displacements along mantle-involved ancestral longitudinal and latitudinal faults. Evidences for divergence along latitudinal shear strands in E Azerbaijan and W Turkmenistan and for the Alborz north flank being southerly transported terrain and identification of transfer strike-slip faults (SSF’s) have defined the principal conclusion as follows: the oceanic South Caspian Plate (SCP) has been opening by