Middle East Economic Survey
VOL. XLVIII
No 12
21-March-2005
CASPIAN
Lukoil And KazMunaiGaz Form Joint Venture For Khvalynskoye Development
Russias Lukoil and Kazakhstans state-owned oil and gas company KazMunaiGaz on 14 March announced the formation of a joint venture, Caspian Oil and Gas Company, to develop the offshore Khvalynskoye field, one of three Caspian Sea deposits that Russia and Kazakhstan divided evenly between them in 2002. The two countries in May 2002 signed a bilateral agreement...
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