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Caspian Oil and Gas: Production and Prospects (CRS Report for Congress)

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Release Date Revised Jan. 8, 2007
Report Number RS21190
Report Type Report
Authors Bernard A. Gelb, Resources, Science and Industry Division
Source Agency Congressional Research Service
Older Revisions
  • Premium   Revised Sept. 8, 2006 (6 pages, $24.95) add
  • Premium   Revised Jan. 17, 2006 (6 pages, $24.95) add
  • Premium   Revised March 4, 2005 (6 pages, $24.95) add
  • Premium   April 9, 2002 (6 pages, $24.95) add
Summary:

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.