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Report: Kazakhstan takes lead in tapping Caspian Sea oil reserves

Iran Materials 14 December 2011 14:08 (UTC +04:00)

Azerbaijan, Baku, Dec. 14 / Trend F.Milad/

Kazakhstan produces some 812,000 barrels of crude oil per day from the Caspian Sea reserves, naming the country as the major oil producer among the littoral states, Mehr News Agency reported based on Iranian official statistics.

Azerbaijan and Turkmenistan are next with around 640,000 barrels and 175,000 barrels per daily output, respectively.

Statistics also indicate that Iran's proven reserves in the Caspian Sea are some 15 billion barrels of oil and 11 trillion cubic metres of natural gas, according to the Mehr news agency.

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