Caspian Sea

BP to Ship Natural Gas from Azerbaijan to Europe

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 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 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 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

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

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

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 ...

Tankers Become Top Option for Moving Caspian Sea Oil

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 ...

Eni Takes Larger Share in Kazakhastan Oil Reserve

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 is developing an oil terminal in a northern Caspian port to allow docking by large tankers, an official said on Monday.

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