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Is Chevron One Step Closer to “Doing Some Good” in Turkmenistan?

Posted by in World News & Events on 19th August, 2010 | No Comments

4643135470_aa5aceef28Earlier this week, the President of Turkmenistan announced a short list of companies from whom his country will accept proposals to develop two offshore blocks in the Caspian Sea.[i] Since President Gurbanguly Berdymukhammedov came to power nearly four years ago, Turkmenistan’s vast hydrocarbon reserves have been the source of intense lobbying by petroleum giants from around the globe. The efforts of four of these companies were rewarded, in part, this week. Not unexpectedly, Chevron is among the shortlisted companies, joined by ConocoPhilips, Abu Dhabi’s Mubadala Development Co. and newcomer TX Oil Limited, chaired by Neil Bush, son of US President George H.W. Bush.
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