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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. 

On August 11, 2017, a number of events were held by the Ministry of Ecology and Natural Resources of the Republic of Azerbaijan (MENR) connected with the 12 August – “Caspian Day” for the purpose of raising public awareness with regard to the problems and conservation of the Caspian Sea. A meeting was held at MENR by way of the discussion of environmental issues of the Caspian Sea, implemented works and mechanism of involvement of the public in the protection of the Caspian Sea with the participation of certain governmental bodies, Non-Governmental Organizations (NGOs), as well as the youth. Furthermore, a cleansing action was conducted at the coastal zone of Novkhani beach in order to increase the public role, and strengthen the collaboration with public on the betterment of the environmental state of the Caspian Sea and its littoral zone. It should be noted that 2 hectare area was cleaned during the cleansing action, and the collected wastes were recycled. The main objective of the celebration of “Caspian Day” is the strengths mobilization on the protection of the Caspian Sea environment from pollution, conservation, restoration, sustainable and effective use of biological resources of the sea, and public enlightenment in this sphere.