VOL. XXXVI

NO. 39

28-JUNE-1993

SAUDI ARABIA

Private Saudi Oil Group Acquires Share In Azerbaijan's Offshore CaspianFields

Delta International, a private Saudi investment company, has signed anagreement with the US firm Unocal under which it has acquired a 1.7% share inAzerbaijan's offshore oil fields. On 5 June, the Azerbaijani state-owned firmSocar announced its decision to consolidate the offshore Guneshli, Chirag andAzeri fields in the Caspian Sea into a single contract area and invited a...