Middle East Economic Survey

VOL. XLVIII

No 51

19-December-2005

CASPIAN

Shell-Led Consortium To Explore Kazakhstans Offshore Zhemchuzhina Block

Kazakhstans state-owned oil and gas company KazMunaiGaz on 14 December announced that it had signed a production-sharing agreement (PSA) with Shell and Oman Pearls Company covering the exploration and development of the offshore Zhemchuzhina (Pearl) Block which is located in the northern Caspian Sea near the giant offshore Kashagan oilfield where Shell is...