NO. 25

20 MARCH 1995


Azerbaijan Says Turkey May Have Additional 5% Of Caspian Oil Deal

Azerbaijani President Gaidar Aliyev announced on 13 March that the country'sstate-owned oil company Socar had agreed to increase by 5% Turkey's share of the$8bn oil deal signed last year with an international consortium (MEES, 26September 1994). Speaking on local television, President Aliyev said that theTurkish Petroleum Company's stake in the agreement to develop three offshoreoilfields in the...