Caspian Oil Windfalls: Who Will Benefit?

Author: Svetlana Tsalik, Caspian Revenue Watch, Open Society Institute, Published on: 14 May 2003

[This report] calls for greater accountability, transparency, and public oversight in the oil and natural gas industries of Azerbaijan and Kazakhstan. It urges foreign oil companies, their home governments, and international financial institutions to promote good governance and democracy in both countries to ensure that petroleum revenues generate social prosperity and stable governments. [see "Recommendations for foreign oil and natural gas companies" on page 173] [refers to ChevronTexaco, ExxonMobil, AGIP, TotalFinaElf, Royal Dutch/Shell, Lukoil, LukARCO, BP, Unocal, Amerada Hess, Statoil, TPAO, Devon Energy, Itochu, Delta, OIEC, Wintershall, Mitsui, Repsol, Alberta Energy [now EnCana], JAPEX, INPEX, Telkoku, NA, Conoco, Atilla Dogan, Land & General, Grunnewald, Moncrief Oil, Petholding, Whitehall, Commonwealth Oil & Gas, Ramco, CNPC [China National Petroleum Corporation], State Oil Company of Azerbaijan (SOCAR), Tengiz Chevroil, KazRosGaz]

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Related companies: AGIP (part of Eni) Attila Dogan BP Chevron China National Petroleum Corporation (CNPC) ConocoPhillips Devon Energy EnCana Equinor (formerly Statoil) ExxonMobil Hess Corporation INPEX JAPEX Lukarco (joint venture Lukoil & Arco) Lukoil Mitsui Moncrief Oil OIEC Repsol YPF Shell Unocal (part of Chevron) Wintershall