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Together with oil developments in the Baku area, the need for construction of the oil pipeline from Baku to the Black Sea rose. In 1877–78, Herbert W. C. Tweddle, an American oil engineer and chemist, and Konstantin Bodisko, an official of the Russian Ministry of Finance, proposed four options for the Caspian–Black Sea oil pipelines. [2]
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.
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 ...
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.
Oil field in California, 1938. The modern history of petroleum began in the nineteenth century with the refining of paraffin from crude oil. The Scottish chemist James Young in 1847 noticed a natural petroleum seepage in the Riddings colliery at Alfreton, Derbyshire from which he distilled a light thin oil suitable for use as lamp oil, at the same time obtaining a thicker oil suitable for ...
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]
The Caspian Sea lies above one of the world's largest collections of oil and gas fields. As the sea is landlocked, transporting oil to Western markets is complicated. During Soviet times, all transportation routes from the Caspian region were through Russia. The collapse of the Soviet Union inspired a search for new routes.
The Caspian Pipeline Consortium (CPC) is a consortium and an oil pipeline that transports Caspian oil from the Tengiz oil field in Kazakhstan to the Novorossiysk-2 Marine Terminal, an export terminal at the Russian Black Sea port of Novorossiysk. [1]