Collapse of the Caspian oil myth: there is no oil!

Since the end of last year there have been some significant events that attracted Kazakh media attention to the subject of Caspian oil. It is a question of two artificial islands’ ice blockade of the Kashagan oil field in December 2012, withdrawal of two investors from the Caspian shelf, two earthquakes in the Caspian Sea occurred on March 10, the recent accident at one of the drilling rigs at Kashagan and suppression of the truth about Caspian oil. Withdrawal of the American company from the Kashagan oil field with its projected giant hydrocarbon deposit on the eve of the start of commercial oil production (from June 2013) adds spice to the situation.

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