No. 19



Oman's OOC Forms Joint Venture With UnionTexas For Kazakstan Exploration

The Houston-based Union Texas Petroleum Holdings, Inc. announced on 7 May thatit has signed agreements with the Oman Oil Company (OOC) on the formation of a joint venturethat will explore for, develop and produce oil and gas onshore Kazakstan and offshore inthe Kazak sector of the Caspian Sea. Union Texas will serve as operator and own a 75% interestin the new joint venture with OOC retaining...