VOL. XLII

No. 33

16-August-1999

FSU

Shell In Upstream Alliance With Turkmenistan, Joins PSG InTrans-Caspian Gas Pipeline

Shell Exploration B.V. signed on 6 August a strategicalliance agreement with the Government of Turkmenistan to collaborate in theexploration and development of the country痴 hydrocarbon reserves. It has alsosigned a letter of intent with the US firm PSG International to join forces onthe Trans-Caspian Gas Pipeline, marking a big push by the giant company toestablish its presence...