CHEVRON NEAR GREEN LIGHT TO TAP SUPERGIANT TENGIZ IN KAZAKHSTAN

Chevron Corp. may soon have a green light to proceed with its Tengiz project in the former Soviet republic of Kazakhstan. The company confirmed an earlier announcement in Alma Ata that it signed a protocol agreeing to principles of cooperation with Kazakhstan on exploration and oil field development. Chevron and Kazakh officials are preparing documents for signature that will enable the project to move forward. The action caps more than 2 years of discussion with officials of the former Soviet

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