Russia and Kazakhstan to discuss joint development of Caspian Sea

Sep 16, 2002 02:00 AM

Russian Prime Minister Mikhail Kasyanov will visit Astana to discuss joint development of oil fields in the Caspian Sea. Kasyanov will arrive in the Kazakh capital to attend a meeting of the Interstate Council of the Eurasian Economic Community, Kazakh Prime Minister Imangali Tasmagambetov told.

The talks with Kasyanov will focus on "trade and economic relations," and on the joint development of oil fields in the Caspian, Tasmagambetov said. Tasmagambetov said Kazakhstan and Russia are conducting active work at the Kurmangazy field that, the like Tsentralnoye and Khvalynskoye fields, is located in the northern part of the sea.
The field used to be a subject of dispute between the two countries. In May of this year, Russia and Kazakhstan signed an agreement on the delimitation of the northern part of the sea. Under the agreement, this part of the sea will be developed jointly.

Source: Dow Jones
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