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Gold/Mining/Energy : Caspian Sea Oil
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To: Copperfield who started this subject4/29/2002 1:01:56 AM
From: Copperfield   of 41
 
Moscow, April 27, 2002. Russia and Kazakhstan have reached accord on equal development of three Caspian oil deposits - the Kurmangazy, Khvalynskoye, and Tsentralnoye.

The accord was reached based on the protocol to the Russian-Kazakh agreement delimitating the rights to natural resources in the nothern part of the Caspian Sea. The agreement was sigend by the presidents of the both states in 1998. Kurmangazy was under the jurisdiction of Kazakhstan and Tsentralnoye and Khvalynskoye were under the jurisdiction of Russia.

The Russian deputy prime minister Deputy Khristenko said after reaching accord with his Kazakh colleague Karim Masimov that Russia and Kazakhstan would develop Kurmangazy and Tsentralnoye fields along parity lines in a 50:50 proportion.
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