Middle East Economic Survey

VOL. L

No 22

28-May-2007

CASPIAN

Crude Oil And Gas Production Continue To Rise In Caspian Region

Aggregate crude oil and natural gas production in the Caspian Sea states of Azerbaijan, Kazakhstan and Turkmenistan continues to grow, according to information supplied to MEES by Moscow-based RPI Inc. Crude oil production for the first quarter of 2007 totaled 29.3mn tons, an average of 2.386mn b/d compared to the 2006 annual average of 2.114mn b/d (MEES, 12 March). Most of...