OTHER NEWS - Feb. 20, 1992
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Chevron to Learn Fate of Tenghiz Deal Soon: Ken Derr, Chevron Corp. chairman and chief executive, said in London that he expects to learn within a month whether the company will develop the Tenghiz field, near the Caspian Sea in Kazakhstan. The field is one of the world’s largest, with reserves estimated at 25 billion barrels, according to Chevron. The San Francisco-based oil company and officials of the Soviet Union, and now Kazakhstan, have been discussing the joint venture since 1987.
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