Middle East Economic Survey
VOL. XLVII
No 31
02-August-2004
CASPIAN
Russias SoyuzNefteGaz Takes Over Uzbek PSA Held By Trinity Energy
Russias SoyuzNefteGaz (SNG) announced on 16 July that it had assumed control of UzPec, a subsidiary of the UKs Trinity Energy, for an undisclosed amount. Trinity signed the first production-sharing agreement (PSA) with Uzbekistans Uzbekneftefgaz in 2001 and formed UzPec for the purpose of developing hydrocarbon deposits in the central Ustyurt plateau and southwest...
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