Kura (Caspian Sea) drained and reservoirs were created to facilitate development of irrigation in the lower Kura valley. In the 1950s and 1960s, when the Caucasus region was part of the Soviet Union, construction of many of the reservoirs and waterworks in the Kura basin began. Of the major reservoirs in the Kura catchment, one of the earliest was at Varvara in 1952. Large scale construction of dams continued until the 1970s. Kura (Caspian Sea) The Kura (; ; , "Mt’k’vari"; , "Kur"; , "Cyrus"; , "Kuruš" ) is an east-flowing river south of the Greater Caucasus Mountains which drains the southern slopes
Caspian Sea around 4 million bbl/day. Additionally, Iran has an estimated 988.4 trillion cubic feet of natural gas, around 16 percent of total world reserves, which makes it to play a key role in the global energy security equation. Russia's economy ranks as the twelfth largest by nominal GDP and sixth largest by purchasing power parity in 2015. Russia's extensive mineral and energy resources are the largest such reserves in the world, making it second leading producers of oil and natural gas globally. The Caspian Sea region presently is a significant, but not major, supplier of crude oil to world markets, based