VOL. XXXIX

No. 33

13-May-1996

SAUDI ARABIA

Delta And Unocal Pursue Exploration Rights In Uzbekistan

The Saudi-owned Delta Oil Company and Unocal of the US have signed a protocol of intent to explore for oil and gas in Uzbekistan, which is keen to develop its own reserves and reduce its dependence on Russian oil imports. The agreement marks only the start of negotiations. The companies have not yet been awarded exploration rights. However, officials from Delta and Unocal, which have...