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Friday, June 20, 2008

Transneft and Chevron sign cooperation accord

BRIEFLY RBC, 16.06.2008, Moscow 13:56:55.American energy company Chevron and Russian pipeline giant Transneft have signed a memorandum of intent providing for a possibility to carry out joint pipeline projects, a representative of Chevron's office in Russia told RBC today. The document was signed by the corporation's General Director David O'Reilly and Transneft's President Nikolai Tokarev during an economic forum in St. Petersburg on June 7-8. No further details of the document have been revealed. Chevron and Transneft are currently cooperating as shareholders of the Caspian Pipeline Consortium.

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