Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Malcolm Winfield who wrote (43665)	5/1/1999 11:07:00 AM
From: Crimson Ghost	Read Replies (1) of 95453

More problems for Caspian Sea oil: thr 011 fm-oil-accord iran terms u.s.-azeri oil accord ''devoid of legal grounds'' tehran, may 1, irna -- foreign ministry spokesman hamid reza asefi here friday evening said that the oil contract signed between american oil companies and the republic of azerbaijan on utilization of the caspian sea oil reserves is devoid of legal grounds. asefi said that mechanisms for exploitation of the caspian sea reserves is a topic of discussion among the littoral states, adding that in case of the division of the sea, some of the oil fields in areas specified in the recent contract signed between u.s. companies and azerbaijan, will belong to iran. therefore, any measure in the region is a violation of the rights of the islamic republic of iran, asefi said, adding that oil companies have already been cautoined and given warning on the issue. the islamic republic of iran while opposing signing of such accords, considers them as devoid of legal credibility and grounds, he said. fs/ns/ys end ::irna 01/05/99 12:31

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