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Monday, 13 May 2002

KAZAKHSTAN, RUSSIA AGREE ON CASPIAN SEABED DIVISION

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By empty (5/13/2002 issue of the CACI Analyst)

Russian President Vladimir Putin and his Kazakh counterpart Nursultan Nazarbaev signed a protocol in Moscow on 13 May on the equal division of three oil fields in the northern Caspian. Under that protocol, Russia and Kazakhstan will each have a 50 percent stake in developing the Kurmangazy, Tsentralnoe, and Khvalynskoe deposits. The protocol also defines the median line dividing the two countries\' respective sectors of the Caspian Sea, and thus augments a bilateral agreement signed in July 1998 on dividing the north Caspian seabed.
Russian President Vladimir Putin and his Kazakh counterpart Nursultan Nazarbaev signed a protocol in Moscow on 13 May on the equal division of three oil fields in the northern Caspian. Under that protocol, Russia and Kazakhstan will each have a 50 percent stake in developing the Kurmangazy, Tsentralnoe, and Khvalynskoe deposits. The protocol also defines the median line dividing the two countries\' respective sectors of the Caspian Sea, and thus augments a bilateral agreement signed in July 1998 on dividing the north Caspian seabed. (Interfax)
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