VOL. XXXVII

NO. 27

4-APRIL-1994

FSU

Russia's Lukoil Given 10% Of Azerbaijan's Caspian Crude Project

The Russian oil company Lukoil has been given a 10% share of the $7bn CaspianSea crude oil development project in Azerbaijan. Lukoil's 10% stake in theon-again, off-again enterprise is understood to be taken from Azerbaijan's 25%holding in the deal, and leaves the 75% held by eight western oil companiesintact. It was reported last October that Baku had reached an agreement with thewestern firms for...