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Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: Thu Ra Tin who wrote (4463)	10/30/1997 8:10:00 PM
From: Rick	Respond to of 11888

This is for all Heres a deal that went down today. My first post so I hope it comes out right. From: UPI / FRANK SAKDALAN, UP Writer (C-upi@clari.net) Sender: UPI / FRANK SAKDALAN, UP Writer (C-upi@clari.net) Date: 10/30/97 8:26am Message-ID: 138521 X-Message-ID: 2A38C80E Group: Late Breaking Energy News Subject: Shell acquires 60 pct in Kazakh field Content-Length: 689 -------------------------------------------------------------------------------- LONDON, Oct. 30 (UPI) -- Shell International says the Anglo-Dutch oil and gas group Royal Dutch/Shell has acquired 60 percent interest from Veba Oel Kasachstan GmbH in the production sharing agreement for the Temir block oilfield in Western Kazakhstan. A Shell statement said that the deal, which has been approved by the Kazakh authorities, leaves 40 percent in the hands of Veba Oel. The Temir contract, originally signed by Elf in 1992, will run for a second three-year exploration period with effect from Aug. 18, 1997, Shell said. Shell has created a new company called Temir Petroleum Development BV, which will start work by drilling two appraisal and two exploration wells.