… located in areas including the Caspian Sea, other offshore zones and … sites, aim to discover new oil and gas reserves. The combined area of … in-place reserves of 193.875 billion barrels of oil and … blocks, five are in the Caspian oil region, covering an area of …

… Diplomatic Relations  The interaction between Central Asia and the Arabian Peninsula, … strengthening of regional cooperation within Central Asia. These processes created more favorable … 7% of the world’s oil and gas reserves and significant deposits of …

… gas to Europe via the Trans-Adriatic Pipeline (TAP). Currently, the State Oil … five countries of Central Asia (Kazakhstan, … Caspian plan, under which electricity generated from renewable sources in Central Asia … the Central Asia–South Caucasus–European …

… preparations for the upcoming GCC–Central Asia summit, scheduled to take place … Cooperation (OIC). With vast reserves of oil and gas, both regions play a …

… central Asia The Ukrainian crisis has directly impacted Central Asia.  … economic relations between Central Asia and Russia, their … to price fluctuations for oil, gas, gold, and others … Trans-Caspian International Transport Route passing through Central Asia, …

… 0 million tonnes. Oil production in the South Caucasus country has been … declining since hitting a peak in 2010. Gas … , the minister said. Overall gas exports declined to 6.0 … 9 bcm. Gas exports to Turkey via the TANAP pipeline rose to …

… Development (EBRD) also has a pipeline of €7bn–€8bn worth of … the development of the Trans-Caspian Transport Corridor (or middle corridor … accounts for 13% of EU oil imports, is ready to … Central Asia is also contingent on how it fares in the South Caucasus …

… country’s massive Kashagan oil field, according to a … Eni, TotalEnergies, China National Petroleum Company, Japan’s Inpex … of the three oil fields that feed the Caspian Pipeline Consortium (CPC … breaches at Kashagan, where oil reserves have high sulfur content …

… the global petroleum industry. This is the world’s first oil well … first time in history that oil was extracted using industrial … the beginning of the global petroleum industry. Over time, the … to other countries through the Caspian Sea, making Azerbaijan an …

… to build a gas pipeline that will pass … oil fields, liquified natural gas production projects, and the construction of gas export pipelines … gas reserves (33.9 trillion cubic meters, per OPEC … Caspian Sea would require significant investment in pipeline …