EIA: Proven and projected Caspian Sea oil reserves estimated at over 48 billion barrels
Azerbaijan, Baku, Aug. 27 /Trend E. Ismailov /
The proven and projected oil and condensate reserves of Azerbaijan are 8.5 billion barrels, a report posted on Tuesday on the website of the U.S. Energy Information Administration (EIA) said.
In particular, some 6.8 billion barrels out of the total volume of proven and projected reserves account for the platforms on the Caspian Sea, and the rest on land.
According to the EIA, Azerbaijan's proven and explored gas reserves totalled 1.46 trillion cubic meters and out of these, more than 1.3 trillion cubic meters of gas account for marine structures.
In total the proven and projected reserves of the Caspian Basin (Azerbaijan, Kazakhstan, Russia, Turkmenistan, Uzbekistan and Iran) are estimated at 48.2 billion barrels of oil and over 8.3 trillion cubic meters of gas, the EIA said.
The greatest part of the Caspian oil and gas reserves account for Kazakhstan.
According to the EIA, Kazakhstan's oil reserves in the Caspian basin amount to 31.2 billion barrels of oil and about three trillion cubic meters of gas.