Caspian Oil and Gas: Production and Prospects

Publication Date: September 2006

Publisher: Library of Congress. Congressional Research Service


Research Area: Energy



There is a likelihood of relatively large reserves of crude oil and natural gas in the Caspian Sea region, and a consequent large increase in oil and natural gas production from that area. Because diversity of energy sources and energy security are considerations in Congressional deliberations on energy policy, this prospect could play a role in such discussions. However, there are obstacles to increases in Caspian Sea region production of oil and gas that may slow development. This report will be updated as events warrant.