22nd Jan 2021 13:23
St Peter Port Capital Ltd - closed ended investment company focused on small to mid-sized companies which are seeking to achieve an IPO - Notes Turkmen and Azeri governments have signed a memorandum of understanding covering the development of a disputed area in the Caspian Sea, and confirms the area includes the hydro-carbon blocks under licence to Caspian Sea-focused oil & gas investee Buried Hill by the Turkmen government.
"It is not yet clear what the impact of the MoU will be on the final commercial arrangements for developing the field, which is to be renamed Dostluk. However, the ending of the longstanding dispute between the governments seems to be a historic milestone in unlocking the development of the field," St Peter adds.
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By Paul McGowan; [email protected]
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