Russia Awards Offshore Caspian KurmangazyField To Rosneft, Khvalynskaya Field To Lukoil
The Russian Government on 29 Julyawarded exploration and development rights to two offshore oilfields in thenorthern Caspian Sea sharedwith Kazakstan. State-owned Rosneftwas awarded Russias 50%share in the Kazak-owned Kurmangazy field, which liesclose to Kazakstans giant Kashaganoilfield. Another state-owned Russian firm, Zarubezhneft,is expected to eventually take 25% of...
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