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Oil and Gas Investor

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Caspian Oil & Gas 2003

October 05, 2003

Sitting astride the continents of than 15 countries. Europe and Asia and covering an area of 149,200 square miles, the Caspian Sea is the largest inland sea in the world. With more than 240 billion barrels of proven and possible oil reserves and 463 trillion cubic feet (Tcf) of gas, the Caspian region contains 15% of the world’s hydrocarbon resources. These figures put the region in the world’s limelight as, according to the U.S. Energy InformationAdministration (EIA), the area is home to the second-largest proven reserve of oil and third-largest reserve of gas. Although these figures are intended to impress, total production for the entire region has yet to reach the table of the top 20 global producers. Today’s numbers do not fully reflect the historical importance of the region let alone the future potential, which draws many an international E&P company to these shores.

RELATED INTERVIEWS MORE INTERVIEWS

BRADE was established in 2012 and currently has offices in Nigeria, Ghana and Uganda. The company offers a wide array of services to the African market ranging from energy services solutions, chemical solutions to manufacturing.
Lekoil is an Africa-focused oil exploration and production company with interests in Nigeria and offshore Namibia.
ACAS-Law is a leading corporate commercial law firm in Nigeria established in 1991 with extensive experience in the oil and gas industry.
Workforce group is one of Africa’s leading strategy, staffing, training and technology firms.

MACIG

GBR speaks to Leopold Mboli Fatran, Minister of Mines and Geology of Central African Republic concerning the challenges of developing the country’s resource industries.

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