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Caspian International Petroleum Company (CIPCO) (Azerbaijani: ''Xəzər Beynəlxalq Neft Şirkəti'') was a joint operating company established by production shareholding companies for exploration, development and production sharing of the Karabakh field in the Caspian Sea. It was incorporated on 4 June 1996. The company was led by President James A. Tilley, who had been the President of ''Pennzoil Caspian''.〔 〕 Shareholders of CIPCO had the following stakes in Karabakh field: The company estimated an investment of up to $2 billion, if the feasibility studies proved the expectations for reserves.〔 〕 CIPCO spent nearly $100 million on feasibility studies.〔(''НЕФТЕГАЗОДОБЫЧА В СТРАНАХ СНГ'' )〕 In January, the consortium management announced the project was not commercially feasible and as of 23 February 1999 it stopped its operations and was dissolved.〔 〕 ==See also== *Karabakh (Oil and Gas field) *Azeri-Chirag-Guneshli *Baku–Tbilisi–Ceyhan pipeline *Sangachal Terminal *South Caucasus Pipeline *Baku-Supsa pipeline *Baku–Novorossiysk pipeline 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Caspian International Petroleum Company」の詳細全文を読む スポンサード リンク
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