No. 29



Caspian Swap Shipments Fall As Turkmen Producers Reduce Output

It appears that production declines at the Nebit Dagconcession in Turkmenistan have led to a sharp reduction in the amount of crudebeing delivered to Irans Caspian Sea port of Neka under existing swaparrangements. Output at Nebit Dags producing Burun field, which is operated bythe British company Monument, has fallen to a low of some 12,000 b/d and islikely to stay at this level through the end of...