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Caspian upstream 2016 in review: a headline-grabbing year

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Report summary

The low oil price made 2016 a challenging year for economies and currencies dependent on hydrocarbon exports. The low oil price weakened foreign exchange rates and kept investment levels low. However 2016 was also a landmark year for securing long term oil supply. Kazakhstan hosted the largest FID of the decade with a US$37 billion expansion at Tengiz. All eyes are now on Kashagan as production restarted. An essential contract extension at Azerbaijan s Azeri Chirag Guneshli PSC concluded an eventful year for the Caspian.

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  • Document

    Caspian upstream 2016 in review: a headline-grabbing year

    PDF 983.38 KB

  • Document

    Caspian upstream 2016 in review: a headline-grabbing year

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    Russia & Caspian Upstream month in brief 2016 archive.pdf

    PDF 621.40 KB

Table of contents

Tables and charts

This report includes 5 images and tables including:

Images

  • Caspian upstream: key events in 2016
  • Kazakhstan liquids production, 2010-30
  • Azerbaijan liquids production, 2010-30
  • Y-o-Y lifting cost change at selected Kazakh assets (US$/boe terms)

Tables

  • Caspian corporate activity: 2016

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