VOL. XLIV

No 43

22-October-2001

CASPIAN

TotalFinaElf Halts NegotiationsWith Socar On Guneshli Development

Paris-based TotalFinaElf haswithdrawn from negotiations with Azerbaijans state-owned oil company Socarover developing the offshore Shallow Water Guneshli oilfield, from whichoperator Socar currently produces 120,000 b/d of crude, or some 65% of itsdaily output. According to a spokesman for TotalFinaElf, the company turned ina report on development recommendations for the field at the end of...