VOL. XLV

No 10

11-March-2002

CASPIAN

ExxonMobilTo Leave Turkmenistan

ExxonMobilannounced on 1 March that it would stop operations in Turkmenistanfollowing disappointing results from the first exploration well in its onshoreGarashsyzlyk-2 concession.A companyspokesperson said that ExxonMobil, which operates theGarashsyzlyk-2 oilfield through its subsidiary Exxon Turkmenistan(Amudarya) Ltd (ETAL), would close its offices in thewestern town of Balkanabatand the capital Ashgabat, but that it would...