By empty (3/18/2003 issue of the CACI Analyst)
Two wells the Japanese Azerbaijani Operational Consortium drilled in the Ateshgakh Caspian field have failed to yield oil in commercial quantities. The consortium, in which Azerbaijan\'s state oil company SOCAR has a 50 percent stake with the remaining 50 percent divided among five Japanese oil companies, will not drill a further exploratory well, but will conduct further geophysical studies at Ateshgakh and two other fields before deciding whether to self-liquidate. The contract to develop the three fields, which were said to have estimated recoverable reserves of 75 million to 90 million metric tons, was signed four years ago.By empty (3/18/2003 issue of the CACI Analyst)
The parliament of the unrecognized Republic of Abkhazia on 18 March ratified an appeal to the Russian government to grant Abkhazia \"associate membership\" of the Russian Federation. The leaders of both Abkhazia and the similarly unrecognized Republic of South Ossetia formally requested such status for their respective republics a year ago, and the Russian State Duma responded with a statement reserving the right to consider granting such status. \"Associate status\" of the Russian Federation would oblige Abkhazia to coordinate with Russia its defense, foreign, and economic policies and formally to adopt the Russian ruble as its currency.By empty (3/18/2003 issue of the CACI Analyst)
Uzbekistan\'s presidential press service announced on 18 March that U.S. President George W.By empty (3/18/2003 issue of the CACI Analyst)
Anglo-Dutch oil giant Shell will reduce to a minimum its presence Turkmenistan from April 1, an official of the Central Asian country\'s oil and gas industry ministry said on Tuesday. \"Shell feels there is a lack of prospects for oil and gas projects in Turkmenistan. Just a few people will remain at its Ashkhabad office to observe developments in the oil and gas sectors,\" an official of the oil and gas industry ministry said on condition of anonymity.The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.
Sign up for upcoming events, latest news and articles from the CACI Analyst