ENERGY
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From Times Staff and Wire Reports
Chevron to Hunt Oil in South Caspian Sea: Chevron Overseas Exploration Ltd., a subsidiary of San Francisco-based Chevron Corp., said it has signed a joint agreement with the State Oil Company of Azerbaijan Republic, or SOCAR, to evaluate the area’s production potential. Chevron will also aid in transferring advanced technology to the former Soviet republic. Chevron’s first project in the area, in nearby Kazakhstan, was signed in April.
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