VOL. XLI

No. 39

28-September-1998

FSU

AIOC Four Years After

Four years after signing what has been called "the Deal of theCentury" with Azerbaijan, the president of the Azerbaijan International OperatingCompany (AIOC), Mr. John Leggate, said on 21 September that the consortium has invested$1.6bn in developing its offshore Caspian acreage, and will over the next two years investa further $2.3-3.0bn as the company moves into large-scale development. On 20 September1994, nine foreign companies...