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Caspian Sea – Asian Gateway to Oil Wealth

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Hira Shahnawaz Akhtar
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North Caspian Oil Company (NCOC) is reported to have extracted the first oil from Kashagan field yesterday. Kashagan represents estimated reserves of 35 billion barrels (bbls) of oil in the vastly oil and gas rich Caspian Sea.

Caspian Sea – Asian Gateway to Oil Wealth

"Italian energy company Eni SpA (ADR) (NYSE:E) (BIT:ENI), in charge of the start of production, said initial Kashagan operations would give up around 180,000 barrels of oil per day and eventually ramp up from there," reported OilPrice.

Oil and Gas reserves in Caspian sea

The U.S. Energy Information Administration (EIA) places the potential...

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.