The Caspian Sea region's oil potential has attracted much attention since the break-up of the Soviet Union. The five Caspian littoral nations -Azerbaijan, Kazakhstan, Turkmenistan, Russia, and Iran- are already major oil producers. Their combined Caspian-area oil reserves have been estimated at 16 to 32 billion bbl. These reserves are located far from potential markets, and thus transport of this oil to international markets has become a critical issue for these countries. This article outlines some of the proposed options for transporting Caspian oil and assesses their viability. Given Iran's unique location as a bridge between the Caspian reserves and oil-export capabilites on the Persian Gulf, options for transiting that country, either via pipeline or swaps arrangements, are the most economical viable.


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    Title :

    Iranian options most economically viable for exporting Caspian oil


    Additional title:

    Optionen für den Transport des Erdöls aus der Region des Kaspischen Meeres


    Contributors:

    Published in:

    Oil and Gas Journal ; 101 , 11 ; 22-26


    Publication date :

    2003


    Size :

    4 Seiten, 8 Tabellen



    Type of media :

    Article (Journal)


    Type of material :

    Print


    Language :

    English




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