VOL. XLI

No. 49

7-December-1998

FSU

CIPCO Departure From Caspian Expected

The Caspian International Petroleum Company (CIPCO) will meet on 10January to make a final decision on its future activities in Azerbaijans Karabakhprospect, company President Jim Tilley said on 2 December. Despite the fact that Mr. Tillysaid CIPCO was still analyzing the results of its third test well, the company is expectedto close up shop now that it has fulfilled the conditions of its agreement with Socar andthe...