VOL. XXXVII

NO.6

8-NOVEMBER-1993

CIS

Azerbaijan Signs Caspian Sea Oil Deal With Western Firms, But SuccessHinges On Caucasus Export Pipeline

The Azerbaijani Government and its state-owned oil company Socar has at lastsigned an agreement with an international consortium covering the development ofAzerbaijan's Caspian Sea oil reserves. But the new deal is not without a fewchanges from the original plan that was scrapped in July when then-presidentAbulfaz Elchibey was overthrown by a military revolt....