Wall Street Journal | Caspian Nations Move to Settle Dispute on Oil and Gas Reserves Wall Street Journal Caspian reserves as of 2012 were estimated at 48 billion barrels of oil and 292 trillion cubic feet of natural gas, said the Energy Information Administration, a branch of the U.S. government, indicating that Sunday's deal could trigger a surge in ... Iran and Russia sign major deal for HUGE oil and gas exploration after Trump sanctions Caspian nations agree on division of oil and gas spoils Caspian Sea Breakthrough Treaty Set to Boost Oil, Pipeline Plans |