VOL. XXXVII
NO. 52
26-SEPTEMBER-1994
Oil Prices
CIS
Azerbaijan Signs $8bn Oil Pact With Western Consortium
After more than three years since the start of negotiations, Azerbaijansigned on 20 September an agreement worth approximately $8bn with a nine-member,western-led consortium, plus Russia's Lukoil in Baku, the capital of Azerbaijan.The deal covers the phased development of the Azeri, Chirag, and deep-watersections of the Guneshli offshore oilfields in the Caspian Sea over a 30-yearperiod....
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