VOL. XLVI

No 28

14-July-2003

CASPIAN

CanArgo Signs Production Sharing Contract With Georgia For XIG And XIH Blocks

CanArgo Energy Corp of the UK announced on 3 July that its subsidiary, CanArgo Norio Ltd, has signed a production-sharing contract for Blocks XIG and XIH in Georgia. A statement released by the company said that CanArgo Norio would hold 64.2% of the contract with the rest going to Georgia's State Agency for the Regulation of Oil and Gas Resources (SAROGR) and the Georgian state oil...