CASPIAN OIL OUTLOOK-2: Caspian nations pursuing oil exports at greatly varying paces

This is the second of two parts on the outlook for oil exports from countries that border the Caspian Sea.Gushers and dry holesWith the battle for pipelines essentially over, international oil companies (IOCs) and regional governments can get down to the business of actually pumping out the Caspian’s oil potential.Numerous projects are under way, the majority of which are being led by foreign energy companies. Yet after a number of drilling disappointments in the southern Caspian Sea, including several dry holes, some projects in Azerbaijan have already closed down.Other projects, such as the elephantine Kashagan field off Kazakhstan, appear set to live up to the hype. Still, only a...

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