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The Caspian Sea is the world's largest inland body of water, described as the world's largest lake and usually referred to as a full-fledged sea. [2] [3] [4] An endorheic basin, it lies between Europe and Asia: east of the Caucasus, west of the broad steppe of Central Asia, south of the fertile plains of Southern Russia in Eastern Europe, and north of the mountainous Iranian Plateau.
Soviet 1971 stamp, featuring Oil Rocks. The first large-scale geological study of the area was conducted in 1945–1948. [8] The settlement of Neft Daşları was built after oil was discovered there on 7 November 1949 [9] at 1,100 metres (3,600 ft) beneath the Caspian Sea. It became the world's first offshore oil platform. [10] [11]
History of Azerbaijan oil chronicle further in second book: Reservoir Solutions, (USA-Canada), 2017, April–June, v.20, No. 2, p. 10-12. Mir-Babayev M.F. The Rothschild pages of Azerbaijan's oil history (Marking the 135th anniversary of the Caspian-Black Sea oil industry and trade company) – “Visions of Azerbaijan”, 2018, Spring, p. 34-38.
Wastes from industrial, dwelling and domestic objects located on the seashore and also exploitation of vessels, oil and gas deposits are the main factors that worsen the ecological condition. Works on investigation of depth of Baku bay began after 1996, and later works on extraction of metallic constructions and sunk vessels from water were begun.
Other Russian oil companies were purchased by the Rothschild and the Deutsche Bank to consolidate the Russian oil market. [4] The company pioneered carrying oil in tankers instead of wooden barrels and iron bidons. [5] By the turn of the century, the Caspian and Black Sea Oil Company started to compete with Standard Oil for international ...
Kashagan Field (Kazakh: Қашаған кен орны, Qaşağan ken orny) is an offshore oil field in Kazakhstan's zone of the Caspian Sea. [2] The field, discovered in 2000, is located in the northern part of the Caspian Sea close to Atyrau and is considered the world's largest discovery in the last 30 years, combined with the Tengiz Field. [3]
Azeri (Azerbaijani: Azəri) is an offshore oil field in the Caspian Sea, located 100 km (62 mi) east of Baku, Azerbaijan and is a part of the larger Azeri-Chirag-Guneshli (ACG) project. The Azeri field includes Central Azeri, West Azeri, East Azeri production platforms compression and water injection platform (C&WP). [1]
Caspian International Petroleum Company (CIPCO; Azerbaijani: Xəzər Beynəlxalq Neft Şirkəti) was a joint operating company established by production shareholding companies for exploration, development and production sharing of the Karabakh field in the section of the Caspian Sea within Azerbaijan.