Caspian Sea another option. Caspian Sea The Caspian Sea is the world's largest inland body of water, variously classed as the world's largest lake or a full-fledged sea. It is an Endorheic basin (a basin without outflows) located between Europe and Asia, to the east of the Caucasus Mountains and to the west of the broad steppe of Central Asia. It is bounded by Kazakhstan to the northeast, Russia to the northwest, Azerbaijan to the west, Iran to the south, and Turkmenistan to the southeast. The Caspian Sea is home to a wide range of species and may be best known for
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