Caspian Sea
The Caspian Sea, like the Black Sea, Namak Lake, and Lake Urmia, is a remnant of the ancient Paratethys Sea. It became landlocked about 5.5 million years ago due to tectonic uplift and a fall in sea level. During warm and dry climatic periods, the landlocked sea almost dried up, depositing evaporitic sediments like halite that were covered by wind-blown deposits and were sealed off as an evaporite sink when cool, wet climates refilled the basin. (Comparable evaporite beds underlie the Mediterranean.) Due to the current inflow of fresh water, the Caspian Sea is a freshwater lake in its northern portions, and is most saline on the Iranian shore, where the catchment basin contributes little flow. Currently, the mean salinity of the Caspian is one third that of Earth's oceans. The Garabogazköl embayment, which dried up when water flow from the main body of the Caspian was blocked in the 1980s but has since been restored, routinely exceeds oceanic salinity by a factor of 10.
Caspian Sea
The Caspian area is rich in energy resources. 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 around the area. 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]."