VOL. XLIV

No. 08

19-February-2001

CASPIAN

TotalFinaElf To Purchase Statoil Shares

Statoil announced on 12 February that it had reached an agreement in principle to sell its 4.76% interest in OKIOC to TotalFinaElf. A statement released by Statoil said, covering the Kashagan field, this deal accords with the international upstream strategy of focusing personnel and resources on core assets and areas with operator potential. The statement quoted Statoils regional vice president for the Caspian, Rolf...