Publication: Monitor Volume: 3 Issue: 121

In Baku yesterday the Japan National Oil Company, Itohu, and two other Japanese companies signed an agreement with the State Oil Company of Azerbaijan on the principles of prospecting and development of three major oilfields, covering 500 square kilometers in the south of Azerbaijan’s Caspian shelf. The sides are to sign a contract within six months. Until now, Japan’s presence in the Caspian oil business has been limited to Itohu’s minor share in one of Azerbaijan’s five international oil contracts. (Turan, June 19)

The Monitor is a publication of the Jamestown Foundation. It is researched and written under the direction of senior analysts Jonas Bernstein, Vladimir Socor, Stephen Foye, and analysts Ilya Malyakin, Oleg Varfolomeyev and Ilias Bogatyrev. If you have any questions regarding the content of the Monitor, please contact the foundation. If you would like information on subscribing to the Monitor, or have any comments, suggestions or questions, please contact us by e-mail at pubs@jamestown.org, by fax at 301-562-8021, or by postal mail at The Jamestown Foundation, 4516 43rd Street NW, Washington DC 20016. Unauthorized reproduction or redistribution of the Monitor is strictly prohibited by law. Copyright (c) 1983-2002 The Jamestown Foundation Site Maintenance by Johnny Flash Productions