The Caspian oil became a viable alternative for the Persic Gulf oil fields. The six Caspian Sea round countries: Russian, Kazakhstan, Azerbaijan, Turkmenistan, Uzbekistan and Iran, have oil fields estimated as 200 billion bbl, at a value of 400 billion USD. The great oil companies and the countries involved in this great business, are all interesting to find as possible cheap and secure oil pipelines routes to Europe. The Central Europe, particularly Czechia, Poland, Hungary, Slovakia, with about 55 million inhabitants, represents an attractive and in expansion market. This one could be extented by an economic resurgence of Bulgaria and Romania (together 33 million inhabitants) or rebuilding of Serbia (10 million inhabitants). The shortest and the most efficient route of the oil pipelines between Caspian Sea and Central Europe is the route: Caspian Sea - Georgia (Supsa) - Black Sea - Romania - Hungary - Trieste. This route is an advantageous alternative by the side of pipelines variants, which pass through Turkey and Ukraine (Russia) and which attend another oil market. Romania represents the key of the Central European route, thanks to its geo-strategic position. The main Romania best cards are: the geographical position (the country is in the economic routes cross which links from the Black Sea to Nord Sea and from the Baltic Sea to the Mediterranean Sea), the political stability (the route is outside of the ethnical, political and religious conflicts), the existence of a strong substructure (of a refinery capacity equal as 30-35 million tons/year, an oil pipelines compact network, the position of Constanta seaport, the biggest on the Black Sea) and a very good experience and professional high level in oil field. All these elements recommend Romania like a very good opportunity for the great investitors and a serious partners in oil field market.
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Darie, D.M. "Romania In The Oil Caspian Route." Paper presented at the Offshore Mediterranean Conference and Exhibition, Ravenna, Italy, March 2001.
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