Caspian Energy resources and it`s importance to the Black

Caspian Energy Resources and it's
importance for the Black Sea Region
Kristine Margvelashvili
MA student at International Hellenic University
Black Sea Cultural Studies (Politics and Economy
Stream); Erasmus Mundus Program
 Riparian States: Azerbaijan, Iran, Kazakhstan, Russia,
 Main actors in the Region: USA, EU, Russia, China
 Oil production started in the Baku area at 1848
 The development of Absheron peninsula oil mining is linked
with Nobel brothers from Sweden who came and settled in
Baku in 1873
 Caspian Energy reserves is predicted to constitute nearly 3-4
% of world’s proven reserves
 As about power sharing in the region Azerbaijan and
Turkmenistan posses biggest part of reserves while trying to
combat with Russian still engrained political domination
 Black Sea as a path to Caspian oil is in the focus of EU, USA
while itself the Caspian Region became active after 9/11 and
war in Afghanistan and Iraq
 Eurasianism Theory –which considers Russian and Central
Asian people close to each other culturally thus foreseen
Russia as a leader amongst them
Caspian Region – Energy CapabilitiesOil
 Proven oil reserves: Azerbaijan estimated is 7.0 thousand
Million Barrels, in Kazakhstan 39.8 thousand MB in
Turkmenistan 0.6 for Iran its 137.0 thousand MB. Russia 77.4 MB
 Production : in Azerbaijan is 1037 thousand of barrels daily
which is 1.3% share of total world production, for Russia it’s
10 270 and its 12.9 % of total. Kazakhstan is producing
1757 thousand barrels daily, Turkmenistan 216 and Iran 4245
which is 5.2 % of total
 Upward trends although less than Middle East and necessity
of more investment in the field
Caspian Region – Energy CapabilitiesNatural Gas
 Azerbaijan’s proven gas reserve at the end of 2000 year was
1.2 trillion cubic meters and in 2010- 1.3 trillion cubic
meters. Kazakhstan’s share are bit bigger 1.8 in 2010,
Turkmenistan possess 8.0 trillion cubic meter proven
reserves. Iran 29.6 from which 11 trillion cubic meters is
located on Caspian Sea
 Production: Azerbaijan produces 15.1 billion cubic meters .
Kazakhstan. 33.3 and Turkmenistan 42.2, Iran 138.5 cubic
Main Transit Routes and Pipelines
 Caspian Pipeline Consortium Project (CPC) connects Tengiz field
reserves to Russian Black Sea port Novorossiysk
 Baku-Tbilisi-Ceyhan oil pipeline (BTC) It runs from Azeri-ChiragGuneshli oil field till the Ceyhan port in Mediterranean Sea
 The Azerbaijani-Turkish Trans-Anatolia gas pipeline project
(TANAP), officially launched on June 26 is impacting a vast field
ranging from Turkmenistan, across the South Caucasus and Turkey,
to Central Europe and EU authorities in Brussels.
 The 3300 kilometers long Nabucco pipeline will go from
Azerbaijan (Shah Deniz field), Egypt, Iraq and Turkmenistan
through Turkey, Bulgaria, Romania and Hungary to AustriaNabucco-West (28June)
Main Arguments-Conclusion
 Caspian Energy resources are tentatively important for Black
Sea energy security feasibility of transit capacity due to its
role in the development of Southern Gas Corridor
 Legal issues about access over fishing, mineral resources and
waters of the Caspian Sea Basin is important obstacle on the
way of exploring Gas and Oil reserves and it needs to be
overcome through the negotiation
 The most likely scenario for bringing Caspian Sea gas to
Europe will be the construction of multiple interconnected
pipelines, each owned and financed separately, rather than
one single pipeline project
Thank you for attention!
Kristine Margvelashvili
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