Publications

Survey of Energy Resources 2007

Crude Oil and Natural Gas Liquids Country Notes

This republic has been an oil producer for nearly a century, with a cumulative output of more that 5 billion barrels. According to Oil & Gas Journal, proved reserves are 546 million barrels, unchanged since the 1998 edition of the SER. Known hydrocarbon resources are located in two main areas: the South Caspian Basin to the west and the Amu-Darya Basin in the eastern half of the country. After growth averaging nearly 12% per annum from 1995 to 2003, oil output (including NGLs) fell by around 5% over the two years that followed.