Rosneft-Shell Caspian Ventures established

Dec 14, 1996 01:00 AM

A protocol has been signed between Shell and the Russian Rosneft oil company to participate in a Caspian oil JV. The protocol was signed in recognition of the joint-venture agreement entered into in November by Shell Caspian BV and Rosneft. Shell said that a new joint company called Rosneft-Shell Caspian Ventures was established, which would participate in the Caspian Pipeline Consortium (CPC).

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