The Caspian Sea is, by standard definition, the largest lake on Earth. It is the largest enclosed inland body of water, and thus sometimes referred to as a sea. Caspian Sea’s surface area is 378,000 km2 or 143,200 sq mi, and it boasts a volume of 78,200 km3.

29 Apr 2018 AZERBAIJAN -- Flag and oil platform in the Caspian Sea. as Shah Deniz gas field accounts for the majority of Baku's oil and gas production. Kashagan Field (Kazakh: Қашаған кен орны, Qashaǵan ken orny) is an offshore oil field in Kazakhstan's zone of the Caspian Sea. The field, discovered in 2000, is located in the northern part of the Caspian Sea close to Atyrau and is considered the world's largest discovery in the last 30 years, combined with the Tengiz Field. Offshore fields account for 41% of total Caspian crude oil and lease condensate (19.6 billion barrels) and 36% of natural gas (106 Tcf). In general, most of the offshore oil reserves are in the northern part of the Caspian Sea, while most of the offshore natural gas reserves are in the southern part of the Caspian Sea. The Rakushechnoye oil and gas field is located 100km off the western coast of Russia in the Caspian Sea. It is being developed by PJSC LUKOIL. Rakushechnoye is LUKOIL’s third biggest project in the region after the Yury Korchagin and Vladimir Filanovsky fields. The Russian Ministry of Natural Resources proposed to auction three unexplored sites on the Caspian Sea shelf. Earlier, in January 2020, LUKOIL has asked for the right to explore them. The officials are deciding the fate of Tyuleniy-1, Tyuleniy-2, and Tyuleniy-3 sites. The Caspian Sea also contains valuable fishery resources, including 90% of the world’s stock of sturgeon; The BTC pipeline runs for 1,768 kilometers from the Azeri-Chirag-Guneshli oil field in the Caspian Sea to Turkey’s Mediterranean coast. The route includes a 443 km segment in Azerbaijan, 249 km in Georgia, and 1,076 km in Turkey.

16 Apr 2019 As well as the seals and other endemic species including Caspian turtles and the famed beluga sturgeon, the sea boasts vast energy reserves, 

optimal export routes and modalities from oil exporting country major production fields on the example of the case of Caspian basin crude oil transportation  4 Mar 2005 Summary. There is a likelihood of large reserves of crude oil and natural gas in the Caspian. Sea region, and a consequent large increase in oil  23 Jul 2018 Lukoil has approved development of Rakushechnoye oil and gas field in the Caspian Sea off Russia. The company plans a fixed, ice-resistant  14 Aug 2018 The Caspian Sea deal is also significant because it brings with it the possibility of massive oil reserves finally seeing the light of day. Estimates  29 Apr 2018 AZERBAIJAN -- Flag and oil platform in the Caspian Sea. as Shah Deniz gas field accounts for the majority of Baku's oil and gas production.

Azerbaijan shares the Araz-Alov-Sharg oilfield with Iran and the Serdar-Kapaz and Azeri-Chirag-Guneshli oil and gas fields with Turkmenistan. Until the territorial delimitation of the sea has been

12 Aug 2018 Caspian reserves as of 2012 were estimated at 48 billion barrels of oil and 292 trillion cubic feet of natural gas, said the Energy Information  5 Apr 2018 The status of the Caspian Sea was regulated by agreements between the a huge Caspian oil and natural gas field called Sardar-e Jangar. Caspian oil fields began producing oil near Baku, Azerbaijan in 1871 and accounted for half the world's still limited production in 1900.13 The Soviets expanded  Kashagan is a massive shallow-water oil field located approximately 80km offshore Atyrau, Kazakhstan, in the North Caspian Sea. of some of the more grandiose pipeline projects to carry Caspian oil to the outside world, but also the economics of basic oilfield exploration in the region. 19 May 2014 The sea contains large volumes of oil and natural gas reserves both in offshore deposits and in onshore fields in the immediate region. It is  11 Feb 2017 Proven reserves total approximately 17 billion–49 billion barrels of oil, with a possible additional 100–300 billion barrels not yet proven. Thanks to 

4 Mar 2005 Summary. There is a likelihood of large reserves of crude oil and natural gas in the Caspian. Sea region, and a consequent large increase in oil 

Kashagan is a giant oil field in the northern, Kazakh part of the Caspian Sea, 80 km south-east of. Atyrau. Kashagan extends over a surface of approximately 75  Gas pipeline options from the Caspian to Asian energy markets—unlike oil gas from the Caspian Basin, particularly from fields in Turkmenistan and Iran, have  - Shows oilfields, gasfields, pipelines, refineries, concession areas, and tanker terminals. - Relief shown by shading. Depths shown by contours and gradient tints. -  3 Aug 2018 The five Caspian Sea nations already develop offshore oil and gas reserves that are located near enough to the coast not to be disputed. 9 Aug 2018 Caspian Oil and Gas Projects (current and proposed) Kazakhstan's mammoth Kashagan offshore oil field, the world's fifth largest, have only  10 Jul 2018 The Kazakh section of the Caspian Sea contains most of the basin's largest known oil fields, such as Tengiz — which alone produced 570,000 

12 Aug 2019 Turkmenistan and Azerbaijan have yet to agree on how to share the reserves under the seabed. That has impeded progress of the Trans- 

Soon thereafter hot oil was used as a defense mechanism in fortresses to hamper enemy invasions. The first documented evidence of oil extraction dates back to the 7th and 8th centuries, when oil was drawn naturally or through primitive extraction methods in the western shores of the Caspian Sea in what is now the capital of Azerbaijan, Baku. The

8 Sep 2016 Two new Caspian Sea oil fields are due by the end of this year to add significant volumes of crude to a world market already in glut, possibly  Table 1 shows oil and gas reserves and resources in this region and in table 2 gives information about oil and gas production rates in Caspian countries. 12 Aug 2019 Turkmenistan and Azerbaijan have yet to agree on how to share the reserves under the seabed. That has impeded progress of the Trans-  26 Jun 2015 Oil and gas exploration has commenced in a new field in the Caspian Sea near the border with The giant Kashagan offshore field was discovered in July 2000, 80 kilometres south of Atyrau. It is the largest Caspian offshore field and one of the largest fields