Middle East Economic Survey

VOL. LIII

No 18

03-May-2010

CASPIAN

RWEs Block 23 Contract Indefinitely Postponed

A production sharing agreement (PSA) between RWE and Turkmenistan for the production of 10 bcm/year from offshore Block 23, which was scheduled to be signed on 25 April in Ashgabat, has been indefinitely postponed, several sources have told MEES. Although President Gurbanguly Berdimuhamedov received a senior RWE delegation, led by RWE CEO Jurgen Grossmann, there was no announcement on the...