Middle East Economic Survey

VOL. XLVIII

No 6

07-February-2005

CASPIAN

Future Of BGs Kashagan Shares Remains In Limbo

The future of BGs 16.67% shareholding in the North Caspian Sea Production-Sharing Agreement (NCSPSA) remains unresolved despite previous announcements by Kazakhstans energy minister that an agreement to purchase half the shares had been reached. A meeting in Astana on 2 February between Kazakh Prime Minister Danial Akhmetov and representatives of the consortium that is developing...