Proposed Chevron Tengiz venture stalls amid Soviet political squabble

Journal Article · Mon Aug 05 00:00:00 EDT 1991 · Oil and Gas Journal; (United States)

OSTI ID:5382553

This paper reports on the status of foreign investment in Soviet oil and gas joint ventures which has reached a critical juncture. Just as the U.S. is considering granting most favored nation trade status to the U.S.S.R., the joint venture petroleum deal seen as the litmus test for such deals-Chevron Corp.'s proposed addition of supergiant Tengiz oil field to its Caspian Sea joint venture-has stalled amid controversy. Unconfirmed reports from Soviet officials and other foreign joint venture participants in the U.S.S.R. have Chevron pulling out of the long negotiated, multibillion dollar project after the Soviets rejected the company's terms. Chevron, however, insists the project is still alive.

• OSTI ID: 5382553
• Journal Information: Oil and Gas Journal; (United States), Vol. 89:31; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
03 NATURAL GAS
NATURAL GAS INDUSTRY
INVESTMENT
OIL FIELDS
PETROLEUM
TRADE
PETROLEUM INDUSTRY
INTERNATIONAL COOPERATION
USA
USSR
GOVERNMENT POLICIES
POLITICAL ASPECTS
ASIA
COOPERATION
DEVELOPED COUNTRIES
ENERGY SOURCES
EUROPE
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
INDUSTRY
INSTITUTIONAL FACTORS
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NORTH AMERICA
PETROLEUM DEPOSITS
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020700* - Petroleum- Economics
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum
030600 - Natural Gas- Economic
Industrial
& Business Aspects