Russia joins Kazakh/Omani pipeline venture group

Journal Article · Mon Aug 03 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:7283454

Russia has agreed to become a founding partner in a joint venture pipeline project formed by Kazakhstan and Oman. The agreement, signed in Bermuda July 24, is related to Chevron Corp.'s further development of supergiant Tengiz and Korolev fields along the Caspian Sea coast in Kazakhstan. Azerbaijan last month signed an agreement to become a founding member of the group, accepting terms agreed to by original joint venturers Kazakhstan and Oman. Azerbaijan's new government still must formally ratify its agreement. In addition, Chevron in June signed a memorandum of understanding to join the group at a future date. This paper reports that each of the founding members holds an equal interest in Caspian Pipeline Consortium Ltd., which will operate as a limited liability company incorporated in Bermuda.

• OSTI ID: 7283454
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:31; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

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