Academic journal article The Middle East Journal

Chronology: Petroleum Affairs

Academic journal article The Middle East Journal

Chronology: Petroleum Affairs

Article excerpt

1997

July 23: An agreement was signed in Islamabad between Turkmenistan, Pakistan, Unocal of the United States, and Delta Oil of Saudi Arabia, for the creation of a gas pipeline by the year 2001 from Turkmenistan to Pakistan, passing through Afghanistan, that would transport one billion cubic feet of gas per day. [7/24 FBIS]

July 27: The US government decided that the construction of a $1.6 billion pipeline carrying natural gas from Turkmenistan, through Iran, to Turkey, did not violate the 1996 Iran-Libya Sanctions Act (ILSA). [7/27 WP, 7/28 NYT]

Aug. 1: Azerbaijani president Heydar Aliyev signed deals with Exxon, Chevron and Mobil worth $10 billion on production-sharing arrangements for the extraction of up to 250 million tons of Caspian crude oil. [8/2 FT]

Aug. 6: The Russian oil company Rosneft pulled out of a billion-dollar agreement with Azerbaijan to develop the Kyapaz Caspian oil field, as the result of pressure from Turkmenistan, which claimed the oil field as its own. [8/6 FT]

Aug. 11: In Tunis, the Tunisian Company for Petroleum Activities and the Kuwaiti Company for External Oil Exploration signed an agreement to build a crude oil pipeline from the Sidi Kilani oil field in Tunisia to unspecified Tunisian seaports. …

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