Caspian Sea

Drilling of first well at Absheron gas condensate field begins in March
Energy

Drilling of first well at Absheron gas condensate field begins in March

  • 20 February, 2018
  • 11:43
SOCAR-AQS will drill two exploratory and one evaluation wells in Bangladesh
Energy

SOCAR-AQS will drill two exploratory and one evaluation wells in Bangladesh

  • 20 February, 2018
  • 08:19
Daily Caller: In Western circles, Azerbaijan is geopolitically an increasingly important state
Foreign policy

Daily Caller: In Western circles, Azerbaijan is geopolitically an increasingly important state

  • 20 February, 2018
  • 06:54
SOCAR official: Talks underway with foreign companies on joint development of Umid and Babek fields
Energy

SOCAR official: Talks underway with foreign companies on joint development of Umid and Babek fields

  • 19 February, 2018
  • 14:07
BP Regional President: Shallow Water Absheron supposedly has oil reserves
Energy

BP Regional President: Shallow Water Absheron supposedly has oil reserves

  • 16 February, 2018
  • 13:44
Shah Deniz produced 90 bln cum of gas so far
Energy

Shah Deniz produced 90 bln cum of gas so far

  • 16 February, 2018
  • 11:35
BP: 2017 was a great year for Shah Deniz 2 and SCPX projects
Energy

BP: 2017 was a great year for Shah Deniz 2 and SCPX projects

  • 16 February, 2018
  • 11:17
ACG produced 588,000 bpd last year
Energy

ACG produced 588,000 bpd last year

  • 16 February, 2018
  • 09:14
Last year AIOC increased volume of associated gas to SOCAR
Energy

Last year AIOC increased volume of associated gas to SOCAR

  • 16 February, 2018
  • 08:56
Kazakh FM: Caspian Summit will be held in second half of year
Foreign policy

Kazakh FM: Caspian Summit will be held in second half of year

  • 15 February, 2018
  • 06:28
Benthic signs for offshore geotechnical investigation in ACG platform
Energy

Benthic signs for offshore geotechnical investigation in ACG platform

  • 08 February, 2018
  • 09:17
$ 131.6 bln paid to SOFAZ from ACG and Shah Deniz projects
Finance

$ 131.6 bln paid to SOFAZ from ACG and Shah Deniz projects

  • 06 February, 2018
  • 06:57
Azerbaijani and Russian foreign ministers discuss Karabakh conflict settlement
Foreign policy

Azerbaijani and Russian foreign ministers discuss Karabakh conflict settlement

  • 02 February, 2018
  • 08:00
Elmar Mammadyarov meets with Turkmen foreign minister
Foreign policy

Elmar Mammadyarov meets with Turkmen foreign minister

  • 01 February, 2018
  • 05:11
10.2 bln cum gas extracted from Shah Deniz field last year
Energy

10.2 bln cum gas extracted from "Shah Deniz" field last year

  • 30 January, 2018
  • 12:43
SOFAZ gets first bonus payment from ACG Agreement
Energy

SOFAZ gets first bonus payment from ACG Agreement

  • 30 January, 2018
  • 12:13
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Caspian Sea: Geography, Hydrocarbons, Ecosystem, and Strategic Significance

Caspian Sea is the world's largest inland body of water, classified geographically as the planet's largest enclosed endorheic lake while historically and conventionally referred to as a sea due to its vast oceanic proportions and saline regime. Situated at the crossroads of Eastern Europe and Western Asia, the Caspian basin spans an area of approximately 371,000 to 386,000 square kilometers, with a maximum depth exceeding 1,000 meters in its southern depression. The body of water is bounded by five littoral states—Azerbaijan, Russia, Kazakhstan, Turkmenistan, and Iran—making it a vital geopolitical, economic, and ecological hub across the Eurasian continent.

1. Geographical and Hydrological Characteristics

Endorheic Basin and Inflows: The Caspian Sea has no direct natural outlet to the World Ocean. Its water level is governed by precipitation, evaporation, and massive river inflows, most notably the Volga River, which accounts for the vast majority of fresh water entering the northern basin, alongside the Kura, Ural, and Terek rivers.

Salinity Gradients: Due to its landlocked nature and varying climatic conditions across its vast latitudinal range, the salinity of the Caspian varies drastically. The northern shallow sections near river deltas feature near-fresh water, whereas the central and southern deep basins, as well as evaporative lagoons like the Kara-Bogaz-Gol, exhibit high salinity levels.

2. Hydrocarbon Wealth and Energy Infrastructure

Global Energy Storehouse: The Caspian basin contains some of the richest offshore oil and natural gas reserves on Earth. Major developments in the Azerbaijani sector—such as the Azeri-Chirag-Gunashli (ACG) oil field and the Shah Deniz gas condensate field—alongside massive deposits in Kazakhstan and Turkmenistan, supply energy to international markets.

Pipeline Corridors: Extraction sites are connected to global markets through critical transit infrastructure, including the Baku-Tbilisi-Ceyhan (BTC) oil pipeline and the Southern Gas Corridor, ensuring energy security for Europe and neighbouring regions.

3. Unique Ecosystem and Biodiversity

Sturgeon and Caviar: The sea is renowned for hosting a unique, ancient ecosystem that supports roughly 90% of the world's sturgeon population. These waters are the primary global source of authentic black caviar.

Endemic Fauna: The Caspian basin is home to hundreds of endemic species found nowhere else on the planet, including the Caspian seal (one of the world's smallest true seals), various unique mollusks, and distinctive fish species adapted to the inland sea environment.

4. Legal Status, Geopolitics, and Transport

Legal Convention (2018): Following decades of complex post-Soviet negotiations, the leaders of the five Caspian nations signed the landmark Convention on the Legal Status of the Caspian Sea in Aktau in August 2018, establishing a regulatory framework for territorial waters, shared environmental protection, and seabed delimitation.

The Middle Corridor: The Caspian Sea acts as an indispensable natural bridge for the Trans-Caspian International Transport Route, commonly known as the Middle Corridor. Modernized logistics hubs—such as the Port of Baku in Azerbaijan, the Port of Aktau in Kazakhstan, and the Port of Turkmenbashi in Turkmenistan—facilitate rapid cargo and container transit between China, Central Asia, and European markets.