Kazakhstan and Eurasia Form New Oil Consortium in a Multi-Billion Caspian Project

Oil companies from Russia, China, Kazakhstan, Azerbaijan and Italy have teamed up to form a consortium for the exploration and exploitation of what is expected to be a new “giant” located in the heart of the northern Caspian tectonic structure. The project, if successful and if market demand remains unchanged, should prolong Kazakhstan's position as a global oil supplier from 2040 to 2080. ...