AZERBAIJAN FIELD TO STEP UP OIL FLOW

A unit of Pennzoil Co., Houston, is scheduled to operate a development program that could more than double oil production from Guneshli field off Azerbaijan in the southern Caspian Sea. Under agreements signed in Baku, Pennzoil Caspian Corp., Ramco Energy Ltd. of Aberdeen, Scotland, and state oil company Azerneft will have exclusive right to jointly develop the field. Partners' shares and other project details are to be laid out in the final development plan, expected by yearend.

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