Azerbaijan Energy Profile: One Of Region's Most Important Export Routes - Analysis | Eurasia Review

Azerbaijan Energy Profile: One Of Region's Most Important Export Routes - Analysis | Eurasia Review:



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Azerbaijan, one of the oldest oil producing countries in the world, is an important oil and natural gas supplier in the Caspian Sea region, particularly for European markets.



Although traditionally it has been a prolific oil producer, Azerbaijan’s importance as a natural gas supplier will grow in the future as field development and export infrastructure expand.



The conflicting claims over the maritime and seabed boundaries of the Caspian Sea between Azerbaijan and Iran continue to cause uncertainty, with Iran challenging Azerbaijan’s hydrocarbon exploration in offshore areas claimed by both sides."



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