Iranian options most economically viable for exporting Caspian oil

The Caspian Sea region's oil potential has attracted much attention since the break-up of the Soviet Union.The five Caspian littoral nations—Azerbaijan, Kazakhstan, Turkmenistan, Russia, and Iran—are already major oil producers. Their combined Caspian-area oil reserves have been estimated at 16-32 billion bbl. These reserves are located far from potential markets, and thus transport of this oil to international markets has become a critical issue for these countries.This article outlines some of the proposed options for transporting Caspian oil and assesses their viability.Given Iran's unique location as a bridge between the Caspian reserves and oil-export capabilities...

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