VOL. XLIII

No. 06

7-February-2000

CASPIAN

No Spare Tengiz Crude For Baku-Ceyhan, Says Chevrons Matzke

Kazakstans Tengiz oilfield will not be able to provide the proposed Baku-Ceyhan pipeline with crude oil in the short term, according to Richard Matzke, Vice-Chairman of Chevron. Speaking at the World Economic Forum in Davos, Switzerland, Mr Matzke said "most of our Tengiz oil will be dedicated to CPC in the early years." Chevron holds a 45% stake in and is operator of the giant oilfield in...