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The Caspian region is one from the most oil- and gas-rich regions in the world. The estimated oil and gas reserves are believed to be around 16 billion tons. The geological location of the most perspective oil and gas fields at the Caspian shelf determines the policy of littoral states concerning the legal status of the basin which has not been solved yet. Oil- and gas-rich Kazakhstan, Azerbaijan and Turkmenistan have proposed the division of the Caspian Sea into five sectors according to terrestrial border points. The Russian Federation and Iran (without real oil and gas perspectives in their believed sectors) are opposing this attitude and are insisting on a common use of the Caspian Sea in condominium. As a matter of fact, the exploration and exploitation of hydrocarbons is going on, controlled by international oil and gas companies. The main technical problem to solve is the lack of transportation opportunities, as the construction of new pipelines from the region so as to access world markets is needed. Russia and Turkey are those most active in this question, followed by Georgia and Iran. The proposed oil pipelines through Russian or Georgian territories are to be terminated at Black Sea ports from where oil should be transported by supertankers, passing thus the Bosporus - Dardanelles Straits and in a case of accident then jeopardising 12 millions of inhabitants of Istanbul. Therefore and also from political reasons Turkey has proposed to build up a pipeline to Turkish Mediterranean oil terminal of Ceyhan. The Turkish position is backed by the USA looking for cutting of the Russian influence in the Caspian Region. Due to technical and political reasons, it seems the most probable that all of the three proposed routes for oil will be constructed in ten years, if the output of oil will be as high as it is expected today. (SOI : MO: S. 307)