Significance of the Caspian Sea oil

Abstract

Can be said that the Caspian Sea region is one of the oil-rich regions are relatively in the world, rather than the most important oil provinces in the Central Asian region. Both the production of oil and natural gas in this region are still suffering from major problems, notably: the weakness of the sources of funding for both the extractive operations of exporters, and the lack of technological expertise. And in most other countries in the region, resulting in lower oil production in this region. In addition to the need for the countries of the Caspian Sea region to export its oil to the international market. They also need to provide a better atmosphere of cooperation among them to overcome the problems of the development of its oil industry. Because of the great countries of the region in their possession of crude oil and natural gas compared to local needs, these countries can contribute more in the future in providing international markets with their needs of these articles. Especially as international demand for oil and gas, is growing steadily during the next decade, as shown by the various predictions about the demand for energy sources.If Russia is the first product of crude oil, compared to the rest of the region. , Iran occupies first place among countries in the region, with its huge reserves of oil and natural gas, as well as enjoying the advantage of its geographical location, it overlooks Iran on each of the Caspian Sea and the Persian Gulf, making it an important link for the transport and export some oil countries in the region of its sources Iranian exports to the ports bordering the Persian Gulf.In light of the problems that impede the development of energy fields in the countries of the Caspian Sea basin and dilemmas that prevent the delivery of oil and gas to consumer markets of the world, under the glaring inequalities of the estimates on the region's reserves of energy, and the fact that the risks promoted by the Caspian Sea is a substitute or at least a competitor to the oil of the Middle East, particularly the Gulf oil?.Apart from more than previous figures Rgehana there is a semi-agreement between the observers to the Caspian region will not become "the east Osta last" or "a major competitor for the Persian Gulf," but able to "drop the price of oil," as they can "play a role in diversifying the sources of production "end to the efforts of Western countries consumed.