Documents

Agreement on the conservation and sustainable use of aquatic biological resources of the Caspian Sea was signed on 29 September 2014 in Astrakhan, Russian Federation, during the Fourth Caspian Summit.

The Parties agree upon cooperation on (i) giving priority to the conservation of aquatic biological resources, (ii) sustainable use of aquatic biological resources, (iii) application of accepted international rules, (iv) ecosystem preservation and biodiversity protection, (v) conservation of aquatic biological resources in scientific research and use this as a basis of common aquatic biological resources management, and (vi) taking measures for sustainable use and conservation of aquatic biological resources in the Caspian Sea and for management of common aquatic biological resources. The Parties shall develop the cooperation by research studies, data collection, exchange of scientific and technical documents, experience and information, preventive measures for illegal, unreported and unregulated fishing and by development of short, medium and long-term programs for aquatic production and for their reintroduction into their natural habitats. 

The document is presented in all languages.

This report analyzes oil and natural gas in the Caspian region, focusing primarily on the littoral (coastal) countries of the Caspian Sea (Russia, Azerbaijan, Kazakhstan, Turkmenistan and Iran). A discussion of Uzbekistan is also included. While not a Caspian coastal state, a considerable amount of Uzbekistan's territory, along with its energy resources, lies in the geological Caspian basins.

The combination of foreign investment and rising energy prices allowed the coastal countries to shift from diverting oil extraction for local use to supplying both regional and world oil markets. The ability of countries to export greater volumes of Caspian crude oil and natural gas will depend on how quickly domestic energy demand rises in those countries, how quickly they can build additional export infrastructure to global markets, and whether expensive projects to develop Caspian resources can attract sufficient investment.