Caspian Sea

  • BP to Ship Natural Gas from Azerbaijan to Europe

    BP to Ship Natural Gas from Azerbaijan to Europe

    Wednesday, 14th October 2020

    British Petroleum (BP) has confirmed plans to start up natural gas exports from Azerbaijan to Europe by the end of 2020.

  • Iran, Russia Agree to Increase Output by 1M b/d

    Iran, Russia Agree to Increase Output by 1M b/d

    Tuesday, 16th October 2018

    Iran and Russia have reached a deal to increase oil production by 1 million barrels per day (b/d) through joint efforts.

  • Iran Targets Joint Oil Company with Azerbaijan

    Iran Targets Joint Oil Company with Azerbaijan

    Wednesday, 2nd May 2018

    Iran seeks to form a joint oil company with Azerbaijan, according to Iranian Deputy Oil Minister Amir Hossein Zamaninia.

  • Iran to Swap Oil with Caspian Sea States

    Iran to Swap Oil with Caspian Sea States

    Thursday, 18th August 2016
    Iran can swap up to 120,000 b/d of crude oil, which can be enhanced to over 1.5 mb/d in the future, with its northern neighbors at North Oil Terminal.
  • Iran, Azerbaijan to Launch Oil,Gas Cooperation in Caspian Sea

    Iran, Azerbaijan to Launch Oil,Gas Cooperation in Caspian Sea

    Tuesday, 23rd February 2016
    Iranian President Hassan Rouhani will officially propose a new plan for oil and gas cooperation in the Caspian Sea to his Azerbaijani counterpart Ilham Aliyev, who is on an official visit to Tehran.
  • Turkmenistan Develops Oil&Gas Basins in the Caspian Sea

    Turkmenistan Develops Oil&Gas Basins in the Caspian Sea

    Monday, 22nd February 2016
    Turkmenneft, Turkmenistan’s state concern starts implementation of plans on the development of the Turkmen sector of the Caspian Sea, the Oil and Gas Ministry said.
  • Azeri Offshore Oil Platform on Fire, 32 Killed

    Azeri Offshore Oil Platform on Fire, 32 Killed

    Sunday, 6th December 2015
    Thirty-two workers have been killed when an offshore oil platform in the Azerbaijan-controlled Guneshli oil field in the Caspian Sea caught fire over a storm-damaged natural gas pipeline on December 3rd, Azerbaijani state energy company SOCAR informed.
  • Tankers Become Top Option for Moving Caspian Sea Oil

    Tankers Become Top Option for Moving Caspian Sea Oil

    Thursday, 16th July 2015
    Since the 1991 collapse of the USSR, the Caspian basin has come surging into the global oil and natural gas market. The U.S. government’s Energy Information Administration estimates that the Caspian could contain as much as 250 billion barrels of recoverable oil along with 200 billion barrels of potential reserves, in addition to up to 9.2 trillion cubic meters (tcm) of recoverable natural gas, with conservative estimates valuing its reserves at more than $12 trillion. Needless to say, this attracted Western attention; in 1998 U.S. Vice President Dick Cheney remarked, “I can’t think of a time when we’ve had a region emerge as suddenly to become as strategically significant as the Caspian.”
  • Eni Takes Larger Share in Kazakhastan Oil Reserve

    Eni Takes Larger Share in Kazakhastan Oil Reserve

    Wednesday, 1st July 2015
    Italian energy company Eni said it took on a larger stake in the Isatay oil reserve area in the Caspian Sea from its partners in Kazakhastan.
  • Iran Building Terminal for 14,000-Ton Oil Tankers in Caspian Sea

    Iran Building Terminal for 14,000-Ton Oil Tankers in Caspian Sea

    Tuesday, 30th June 2015
    Iran is developing an oil terminal in a northern Caspian port to allow docking by large tankers, an official said on Monday.