VOL. XLV

No 25

24-June-2002

CASPIAN

Kashagan PartnersFinalize New Shareholding Structure

Thepartners in the Eni-led AgipKazakstan North Caspian Operating Company NV (Agip KCO), which is the operating company for the giant Kashagan oilfield offshore Kazakstan,have exercised their preemptive rights to acquire shares from BP and Statoil, who have withdrawn from the project.In early 2001, TotalFinaElfannounced that it was negotiating with BP and Statoilfor the acquisition of their respective 9.5%...