Academic journal article The Middle East Journal

Chronology: Petroleum Affairs

Academic journal article The Middle East Journal

Chronology: Petroleum Affairs

Article excerpt

1998

Apr. 18: The Nile Valley Gas Company, a consortium led by British Gas International, signed a contract with Egyptian General Petroleum Company to build a pipeline from south of Cairo to Asyut. [4/18, 4/19 FT]

Apr. 23: In Washington, DC, Turkmenistani president Saparmyat Niyazov and US president Bill Clinton signed an agreement for the United States to sponsor a feasibility study of a pipeline from Turkmanbasi, Turkmenistan, across the Caspian Sea to Baku, Azerbaijan, through Georgia to Ceyhan, Turkey. [4/23 FT, 4/24 NYT]

May 16: In Bratislava, Iran and Slovakia signed a letter of understanding for Slovakia to buy four million barrels of oil per year from Iran. [5/19 FBIS]

May 19: Uzbekistan announced it would allow foreign companies to invest in six oil and gas fields. [5/20 WSJ]

June 4: The Financial Times reported that Azerbaijan's state oil group, SOCAR, had signed a $2.5 billion production-sharing agreement with a consortium led by Italy's Agip for a part of the Kurdashi fields, in the Caspian Sea, south of Baku. SOCAR also signed a $700 million agreement with a consortium led jointly by the BritishCanadian company Commonwealth Oil, and Union Texas of the United States for an onshore field. SOCAR also signed another $700 million deal with a consortium led by the US company Frontera Resources to develop the KursangiKarabakhli onshore field. [6/4 FT]

At a London seminar, Iranian deputy oil minister `Ali Majidi announced Iran's tender for a $400 million pipeline to carry Caspian oil to Tehran and Tabriz. …

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