Caspian Sea Activity Picking Up Off Former Soviet Union Republics

David Knott Senior Editor Focal Point for Petroleum Activity Off Azerbaijan (37032 bytes) Caspian Sea oil and gas field development has been one of the main focuses of industry attention since former Soviet Union countries opened their doors to western oil companies early this decade. Azerbaijan in particular has been keen to recruit western help in development of three major fields. However, the road to a development agreement has been rocky Negotiations have broken down several times. Now a western group is once more on the way to developing Azeri, Chirag, and part of Guneshli fields in league with State Oil Co. of Azerbaija...

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