July 2001

Table 1. Caspian Sea Region Oil and Natural Gas Reserves

Proven Oil Reserves

Possible Oil Reserves

Total Oil Reserves

Proven Gas Reserves

Possible Gas Reserves

Total Gas Reserves

Azerbaijan

3.6-12.5 BBL

32 BBL

36-45 BBL

11 Tcf

35 Tcf

46 Tcf

Iran*

0.1 BBL

15 BBL

15 BBL

0 Tcf

11 Tcf

11 Tcf

Kazakhstan

10.0-17.6 BBL

92 BBL

102-110 BBL

65-70 Tcf

88 Tcf

153-158 Tcf

Russia*

2.7 BBL

14 BBL

17 BBL

N/A

N/A

N/A

Turkmenistan

0.5 BBL

80 BBL

81 BBL

101 Tcf

159 Tcf

260 Tcf

Uzbekistan

0.6 BBL

2 BBL

3 BBL

66 Tcf

35 Tcf

101 Tcf

Total

17.5-34 BBL

235 BBL

253-270 BBL

243-248 Tcf

328 Tcf

571-576 Tcf

*only the regions near the Caspian are included
BBL = billion barrels, Tcf = Trillion Cubic Feet

Table 2. Caspian Sea Region Oil Production and Exports

(thousand barrels per day)

Production (1990)

Est. Production (2000)

Possible Production (2010)

Net Exports (1990)

Est. Net Exports (2000)

Possible Net Exports (2010)

Azerbaijan

259.3

280

1,200

76.8

155

1,000

Kazakhstan

602.1

693

2,000

109.2

452

1,700

Iran*

0.0

0

0

0.0

0

0

Russia**

144.0

11

300

0.0

7

300

Turkmenistan

124.8

148

200

69.0

83

150

Uzbekistan

86.2

152

200

-168.1

16

50

Total

1,216.4

1,284

3,900

86.9

713

3,200

*only the regions near the Caspian are included
** includes Astrakhan, Dagestan, and the North Caucasus region bordering the Caspian Sea

Table 3. Caspian Sea Region Natural Gas Production and Exports

(billion cubic feet per year)

Production (1990)

Est. Production (2000)

Possible Production (2010)

Net Exports (1990)

Est. Net Exports (2000)

Possible Net Exports (2010)

Azerbaijan

349.6

212

1,100

-271.9

0

500

Kazakhstan

251.2

170

1,100

-257.0

-220

350

Iran*

0.0

0

0

0.0

0

0

Russia**

219.0

30

N/A

N/A

N/A

N/A

Turkmenistan

3,099.5

1,660

3,900

2,539.0

1,200

3,300

Uzbekistan

1,439.5

1,960

2,400

102.5

500

700

Total

5,358.8

4,032

8,500

2,112.6

1,480

4,850

*only the regions near the Caspian are included
** includes Astrakhan, Dagestan, and the North Caucasus region bordering the Caspian Sea

Table 4. Oil Export Routes in the Caspian Sea Region

Name/Location

Route

Crude Capacity

Length

Cost Estimate

Status

Atyrau-Samara

Atyrau (Kazakhstan)-Samara (Russia)

Originally 200,000 bbl/d, increased to 300,000 bbl/d

432 miles

Increase in capacity cost approximately $37.5 million

Existing pipeline upgraded by adding pumping and heating stations, increasing capacity

Baku-Ceyhan "Main Export Pipeline"

Baku (Azerbaijan)-Tbilisi (Georgia)-Ceyhan (Turkey)

1.0 million bbl/d

approximately 1,038 miles

$2.8-$2.9 billion

Basic engineering study completed May 2001; 6-month detailed engineering study began June 2001. Construction scheduled to begin in 2002, with completion targeted for 2004.

Baku-Supsa, AIOC "Early Oil" Western Route

Baku (Azerbaijan)-Supsa (Georgia)

100,000 bbl/d; proposed upgrades to 300,000 bbl/d to 600,000 bbl/d

515 miles

$600 million before upgrade

Exports began in April 1999; approximately 90,000 bbl/d exported via this route in 2000

Baku-Novorossiisk, Northern Route

Baku (Azerbaijan)-Novorossiisk (Russia) via Chechnya

100,000 bbl/d capacity; possible upgrade to 300,000 bbl/d

868 miles; 90 miles are in Chechnya

$600 million to upgrade to 300,000 bbl/d

Exports began late 1997; exports in 2000 averaged only 10,000 bbl/d

Baku-Novorossiisk, Chechnya bypass with link to Makhachkala

Baku (Azerbaijan) via Dagestan to Tikhoretsk (Russia); connecting to Novorossiisk (Russia)

2000 pipeline capacity: 120,000 bbl/d (rail and pipeline: 160,000 bbl/d)

2005 - 0.36 million bbl/d

204 miles

$140 million

Completed April 2000. 11-mile spur connects bypass with Russia's Caspian port of Makhachkala.

Caspian Pipeline Consortium (CPC)

Tengiz (Kazakhstan)-Novorossiisk (Russia)

564,000 bbl/d in Phase 1; 1.35-million bbl/d peak

990 miles

$2.3 billion for Phase 1; $4.2 billion total when completed

Launched in March 2001. First tanker loading at Novorossiisk set for Aug. 6, 2001; peak 2015

Gardabani-Batumi Pipeline

Gardabani (Azerbaijan)-Batumi (Georgia) oil refinery

N/A

Rebuild of an existing pipeline

N/A

The World Bank and the European Bank for Reconstruction and Development are providing financing

Iran-Azerbaijan

Baku (Azerbaijan)-Tabriz (Iran)

200,000 bbl/d to 400,000 bbl/d

N/A

$500 million

Proposed by TotalFinaElf

Iran Oil Swap Pipeline

Iranian Caspian port of Neka-Tehran

175,000 bbl/d, rising to 370,000 bbl/d

208 miles

$400-$500 million