Russian-Kazakh Agreement on Caspian Opens Opportunities for Investors
Article from: OGEL 2 (2003), in Roundup of Articles
Summary
p>Russia and Kazakhstan have reached an agreement on joint development of oil and gas deposits on the border of their national sectors in Northern Caspian. This deal eliminates all legal and political hurdles on the way to tapping an estimated 10 billion tons of oil equivalent believed to exist in the area, and now foreign investors have reason to expect new tenders and auctions for licenses there. However, there is probably a faster track to get in, that is, through participation in ongoing Russian-Kazakh projects.