In 1997, oil production was 1.1 million barrels per day (mbd), by 2010 oil production is expected to 4.4 mbd, and by 2020 hitting 6 mbd. Companies flocking to gain development rights in the Caspian Sea include: Amoco, Chevron, Exxon, Mobile, and British Petroleum. Chevron invested $20 billion in a joint venture with the Kazakh government to develop the Tengiz oil field resulting in a firm known as Tengizchevroil and was later joined by Mobil who made a 25 percent purchase share in the consortium. Caspian Pipeline Consortium (CPC) combined Tengizchevroil partners and Lukeoil of Russia to build a 900 mile oil pipeline costing $2.2 billion spanning from Tengiz to Novorossiysk. Russia would like the oil to pass through their region to capture some of the immense wealth being generated from the Caspian sea oil transports. The second pipeline spans from Baku in Azerbaijan to Supsa and was opened in 1999.[Learn More ...]