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The CPC pipeline transfers about 1% of global oil supply [1] and handles almost all of Kazakhstan's oil exports. [2] In 2021, the pipeline exported up to 1.3 million barrels per day (bpd) [2] of Kazakhstan's main crude grade, light sour CPC Blend, which represented 80% of Kazakhstan's total oil production of 1.6 million bpd.
Peak oil production of 885,000 barrels per day (140,700 m 3 /d) was reached in 2010. However by the first quarter of 2024 production had fallen to 339,000 barrels per day (53,900 m 3 /d), or approximately one-third of peak value, as the development continued terminal decline. [2] As of 2021, ACG oil accounted for 95% of all Azerbaijani oil ...
Turkmenistan's major oil-producing area is in the west, mainly in Balkan Province, and is part of the South Caspian Basin, an intercontinental depression noted for oil production. Commercial oil production on the Turkmen side of the Caspian Sea began in the early 1900s, in the environs of the Cheleken Peninsula, and modern oil drilling began in ...
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]
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.
In 1898, the Russian oil industry produced more than the U.S. oil production level. At that time, approximately 8 million tons were being produced (160,000 barrels (25,000 m 3 ) of oil per day). By 1901, Baku produced more than half of the world's oil (11 million tons or 212,000 barrels (33,700 m 3 ) of oil per day), and 55% of all Russian oil.
The Kurmangazy oil field is an offshore oil field located in the Kazakh section of the Caspian Sea on the maritime border between Russia and Kazakhstan, about 120 kilometres (70 mi) west of the Buzachi Peninsula. It is expected to be the third largest oil field of Kazakhstan. [1] The field is named after Kurmangazy Sagyrbayuly.
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.