SOVIET VENTURE MAY INCLUDE TENGIZ
More action on upstream joint ventures with the Soviet Union is surfacing. Among the latest developments: A protocol of intentions could add giant Tengiz oil field to a proposed Chevron Corp.-Soviet joint venture in exploration, production, and development in the Northeast Caspian Sea region. Tengiz is the largest oil field discovered in the world in the last 10 years, said Leonid 1. Filimonov, Soviet oil and gas minister.