VOL. XLVI

No 29

21-July-2003

CASPIAN

Lukoil Signs North Caspian Deals With Gazprom And KazMunaiGaz

Russias Lukoil has recently signed agreements with the Russian state-owned gas monopoly Gazprom and Kazakstans state-owned oil and gas company KazMunaiGaz on the development of offshore oil and gas fields in the Caspian Sea.

On 1 July Lukoil announced that it had established a joint venture with Gazprom that would explore and develop the Tsentralnaya offshore field. A statement released by Lukoil...