Middle East Economic Survey

VOL. LIII

No 37

13-Sep-2010

CASPIAN

Russia And Kazakhstan To Speed Up Development Of Joint Caspian Fields

Russia and Kazakhstan agreed on 7 September to speed up their cooperation regarding the development of shared offshore oil and gas fields in the Caspian Sea, for which ownership rights are set out in a 1998 delimitation agreement. Zhanar Aitzhanova, Kazakhstans Minister of Economic Development and Trade, announced that state firm KazMunaiGaz (KMG) has submitted to...