text: The area is rich in fossil fuels. Oil wells were being dug in the region as early as the 10th century to reach oil "for use in everyday life, both for medicinal purposes and for heating and lighting in homes". By the 16th century, Europeans were aware of the rich oil and gas deposits locally. English traders Thomas Bannister and Jeffrey Duckett described the area around Baku as "a strange thing to behold, for there issueth out of the ground a marvelous quantity of oil, which serveth all the country to burn in their houses. This oil is black and is called nefte. There is also by the town of Baku, another kind of oil which is white and very precious [i.e., petroleum]."
  Today, oil and gas platforms abound along the edges of the sea.