One Of The World’s Oldest Oil Regions Is Being Reinvigorated ...Middle East

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One Of The World’s Oldest Oil Regions Is Being Reinvigorated
source : OILPRICE ( Middle East ) () 30
Whilst much of the Caspian is struggling to come out of COVID-induced hibernation, Azerbaijan and Turkmenistan settling one of the region’s longest-standing maritime disputes has finally brought a spark to one of the world’s oldest producing regions. The Sardar/Kyapaz block, discovered in 1986 by Soviet geologists at a total depth of 5km and contested for most of the subsequent period, straddles their maritime border, abutting the Azeri field of the ACG complex. By signing a memorandum of understanding on the disputed block and by simultaneously…

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