Azerbaijan Oil & Gas Outlook - PowerPoint Presentation

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Uploaded On 2020-10-22

Azerbaijan Oil & Gas Outlook - PPT Presentation

Ilgar Mehti Managing Partner EKVITA Baku History 6th Century BC Persian army of Kir II used Baku oil in weapons of fire to invade castles and cities 1273 Marco Polo ID: 815059

baku oil gas law oil baku law gas sea azerbaijan iran world gdp growth produced largest export routes georgia

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Slide1

Azerbaijan Oil & Gas Outlook

Ilgar Mehti, Managing Partner, EKVITA - Baku

Slide2

History

6th Century BC

–

Persian army

Kir

used Baku oil in weapons of fire to invade castles and

cities1273 – Marco Polo visits Baku and records seeing oil collected from seeps for use in medicine and lighting1723 – Peter I issues special decrees about the order of oil extraction in Baku 1844 – first oil well in the world was drilled in Baku in Bibi Heybat oil field1873 – the Nobel Brothers Oil Extracting Partnership was set up 1900 – Azerbaijan produced more than 50% of world’s oil 1907 – first largest oil pipeline in the world was completed from Baku to Batumi = 883 km x 200mm80% of oil produced during WWII in USSR was made in Baku

Slide3

Oil Reserves

Slide4

Transit Routes

Caspian Sea

Turkey

Iran

Iraq

Syria

Russia

Georgia

Baku