Middle East Economic Survey

VOL. XLVIII

No 44

31-October-2005

CASPIAN

TransMeridian Acquires Full Ownership Of Kazakhstans South Alibek Oilfield

TransMeridian Exploration Inc (TMEI) of the US on 20 October announced that it would purchase Bramex Management which holds 50% of JSC CaspiNeft TME, a joint venture in which TransMeridian holds the other 50%. Through CaspiNeft, TransMeridian operates the South Alibek oilfield in northwestern Kazakhstan. Houston-based TransMeridian said upon closing of...