Middle East Economic Survey

VOL. L

No 25

18-June-2007

CASPIAN

Lukoil Obtains Three Blocks Offshore Turkmenistan

Russias Lukoil has been awarded three offshore blocks in the Caspian Sea, without identifying the concessions, Turkmenistan news agencies have reported. The deal was arranged during a meeting between Turkmen President Gurbanguli Berdymukhamedov and Lukoil CEO Vagit Alekperov in Ashgabat and comes amid an improvement in Turkmen-Russian relations following the Turkmenbashi agreement under...