Research Brief - Assessment of the role of Caspian Basin in reducing of EU's

Reflected in the imposed sanctions, the EU aims to ban around 93% of Russian oil by the end of the year. [...] Taking into account ongoing processes in the EU's energy market, the role of Caspian Basin countries in the export of energy sources increases. [...] By being a major supplier of oil to the European market, Azerbaijan tends to increase its share in the total energy supplies to the EU (Mammadov, 2022). [...] Moreover, in the background of problems emerging at the CPC route, the Kazakh government relies more on the BTC pipeline. [...] From the Azerbaijani perspective, this opportunity will significantly contribute to the role of the country in energy security and the development of EU relations.