VOL. XXXVII
NO. 43
25-JULY-1994
General
Western Firms Clear Another Hurdle In Quest For Azeri Oil
Representatives of the eight-member consortium negotiating with Azerbaijan onthe development of offshore oil fields in the Caspian Sea cleared another hurdlein the three-year-long saga on 15 July when they signed a protocol withAzerbaijan's state-owned oil company, Socar, covering the details of aproduction-sharing agreement that could eventually entail an investment ofsome $7bn. The protocol, which...
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