Caspian

Kashagan crude reached the global markets. The world’s most expensive upstream project restarted production and about 195,000 barrels, produced during the startup process, were shipped for export.

The Caspian Sea region is once again becoming one of the globe’s important frontiers in oil and gas production. Azerbaijan, Kazakhstan, and Turkmenistan are in the midst of intensive efforts to underpin their developing economies by increased exploitation of massive reserves.