Caspian Sea

New era of Caspian oil begins

The Memorandum of Understanding between Azerbaijan and Turkmenistan on joint exploration, development of hydrocarbon resources of the Dostlug field in the Caspian Sea has begun a new era in the history of the development of hydrocarbon deposits …

Caspian crisis: threats of sinking sea levels

The water levels of the Caspian Sea will be 9 to 18 meters lower than they are now, German and Dutch researchers calculate. In the Nature-journal Communications Earth & Environment they urge the world to act. Technically, this sea is a land-locked lake, but it is the largest on the planet (371.000 km2), and quite salty

China expands its railway presence in Caspian region

It is potentially leading to dramatic long-term economic, political and geopolitical consequences. Beijing is promoting container shipping carrying finished goods, raising the regional countries’ economic dependence on China

Earthqake jolts Caspian Sea

An earthquake has hit the Azerbaijani sector of the Caspian Sea, according to the Republican Seismic Survey Center of Azerbaijan National Academy of Sciences. The quake was recorded at 11:51:21 local time. The …

Azerbaijan backs OPEC+ deal to out oil production

Baku has expressed its readiness to support a historic agreement reached earlier this week that would see Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC oil-producing countries cut production in an effort to …

Caspian Karabakh discovery confirmed

SOCAR and Norway’s Equinor have confirmed today a discovery of Karabagh field located 120 kilometers offshore, east of Baku, in the Azerbaijan sector of the Caspian Sea. According to SOCAR website, drilling of the first appraisal …