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...