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Gold/Mining/Energy : LUKOY The largest oil company in the world LukOil unknown -- Ignore unavailable to you. Want to Upgrade?

To: Rob Shilling who wrote (826)	5/11/2001 8:26:45 PM
From: CIMA	Respond to of 914

On April 25, the Kazakh government accused Tengizchevroil, a joint venture extracting oil from the country's massive Tengiz field, of various environmental offenses, according to InterfaxKazakhstan. Since Kazakhstan's environmental laws are still embryonic in nature and their enforcement lackadaisical, the accusations are probably an effort to wring concessions out of Chevron, the joint venture's operator and largest stakeholder. Astana's heavy-handed tactics bode poorly for foreign investors. The stakes are high. Tengiz is one of the world's largest oil fields, with estimated reserves of 6 billion to 9 billion barrels. The field is expected to produce enough petroleum to supply the bulk of the Tengiz-Novorossiysk pipeline's 1.34 million barrels daily capacity. The agreements that sealed the Tengizchevroil deal in 1993 are worth at least $20 billion. Chevron, a U.S. company, should be concerned about the security of its investment. Last May, Kazakhstan booted out another large investor - Belgium's Tractebel - after disputes over the scope and direction of its investments. The natural gas company refused to play Kazakh President Nursultan Nazarbayev's political games, and it was shown the door. ********* TO READ THE REST OF THIS ARTICLE CLICK HERE ********* stratfor.com ___________________________________________________________________ <<<<<<<<<<<<<< SUBSCRIBE TO BECOME A MEMBER TODAY!>>>>>>>>>>>>>>> STRATFOR introduces new, expanded analysis for readers seeking more insight on the entire range of global affairs. Our new site features more intelligence on more subjects, easier navigation and expanded coverage. stratfor.com <<<<<<<<<<<<<< SUBSCRIBE TO BECOME A MEMBER TODAY!>>>>>>>>>>>>>>> ___________________________________________________________________ CONTACTS AND CUSTOMER SERVICES: STRATFOR 700 Lavaca, Suite 450 Austin, TX 78701 Phone: 512-744-4300 Internet: stratfor.com Email: info@stratfor.com NOTICE: While all e-mail from STRATFOR and its partners includes an opportunity to opt out of future communications, you can edit your information and preferences at any time. If you do not wish to be contacted by STRATFOR, or its approved third parties, regarding value-added benefits, products and services, please follow the instructions to "unsubscribe" provided in all e-mail messages. SIGN-UP: Get the free, daily Global Intelligence Update: stratfor.com You can stop receiving the GIU by clicking on: stratfor.com ADVERTISE: For information on advertising in the GIU or any section of the STRATFOR website, please email us at advertising@stratfor.com ==================================================== (c) 2001 Strategic Forecasting LLC. All rights reserved.