Caspian Sea
The Caspian has characteristics common to both seas and lakes. It is often listed as the world's largest lake, although it is not a freshwater lake. It contains about 3.5 times more water, by volume, than all five of North America's Great Lakes combined. The Caspian was once part of the Tethys Ocean, but became landlocked about 5.5 million years ago due to plate tectonics. The Volga River (about 80% of the inflow) and the Ural River discharge into the Caspian Sea, but it has no natural outflow other than by evaporation. Thus the Caspian ecosystem is a closed basin, with its own sea level history that is independent of the eustatic level of the world's oceans.
Caspian Depression
The Caspian Depression is below sea-level, consisting of large areas of marshlands in the eastern region. It is one of the largest flat lowland areas in Central Asia, covering approximately . The area is very rich in underground oil and gas reserves, and oil and natural gas pipelines cross the depression from north to south and east to west. Many geologists believe the Caspian Sea and the depression were formed by tectonic forces. Some of them also believe that the North Caspian depression became separated from the open ocean in ancient times to form an enormous salt lake. Part of the ancient Silk Road ran through this region. The two largest cities in the depression are Astrakhan in Russia, and Atyrau in Kazakhstan. Today, the region is used mainly for livestock raising.