No 17



Lukoil And KazMunaiGaz To Form Caspian Joint Venture

Russias Lukoil and Kazakh state oil and gas company KazMunaiGaz signed on 18 April an agreement to form a joint venture for the development of offshore oil and gas resources in the Khvalynskoye field in the Caspian Sea. The two signed a memorandum of understanding (MOU) in February covering the cooperation on exploration and production of hydrocarbons in the Kazak and Russian sectors of the Caspian offshore...