NO. 821-NOVEMBER-1994


Azerbaijan Ratifies Caspian Oil Deal, Gives Iran 5%

Azerbaijan's parliamentratified on 15 November by a vote of 34 to one the $8bn deal signed in Septemberbetween the State Oil Company of Azerbijan Republic (Socar) and a nine-member,western-led consortium and Russia's Lukoil for the development of Azerbaijan'soil reserves in the Caspian Sea (MEES, 26 September). The 30-yearproduction-sharing contract calls for up to $8bn to be invested in thedevelopment of...