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
Convention on the legal status of the Caspian Sea presence of numerous oil fields on the seabed of the Caspian Sea the question of legal status was very important; some countries even tried to develop fields in disputed regions, almost causing military incidents. In order to elaborate a Convention on the legal status of the Caspian Sea, a special working group at the level of deputy foreign ministers was established in 1996 by the Caspian states. The agreement of the document lasted more than 20 years before its signing on 12 August 2018 by the heads of five Caspian states at the summit in Kazakhstan. During the years of