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Caspian upstream: what to look for in 2016

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Report summary

2016 will continue a period of stark adaptation for the Caspian region and its energy industry. With the oil price set to remain low throughout the year currencies risk weakening further and new investment will be limited. Nevertheless 2016 will also be a vital transition year for the region s two largest liquids projects: FID will be taken for a US$30 billion expansion project at Tengiz in Kazakhstan while a contract extension is expected at Azeri Chirag Guneshli in Azerbaijan.

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    Caspian upstream: what to look for in 2016

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Tables and charts

This report includes 3 images and tables including:

Images

  • Caspian upstream: events to look for in 2016
  • Caspian upstream capital expenditure – stable despite downward pressures

Tables

  • 2016 Caspian upstream project tracker

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