Word: tengiz
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Dates: during 1990-1999
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...steppes of Central Asia, that Chevron has staked much of its future and doubled its potential worldwide oil reserves by the stroke of a pen on a contract. Over the next 40 years, the company and the Kazakh government plan to invest $20 billion to develop the vast Tengiz field near the Caspian Sea, which contains some of the richest sources of oil and gas on earth. So deep are the deposits that geologists have yet to find the bottom. The oil-saturated rock formations are "two or three times the thickness of anywhere else in the world," estimates...
...PAST YEAR, SCORES OF WILDCATTERS AND would-be oil barons have been looking for ways to capitalize on the legendary oil reserves in the Commonwealth of Independent States. But when mighty Chevron signed an agreement with Kazakhstan last week to develop the Tengiz field, one of the world's largest, it marked the biggest partnership to date between a U.S. corporation and a former Soviet republic. The plan calls for the partners to invest $20 billion in the venture over the next 40 years. Chevron will have a 50% interest, but Kazakhstan will get 80% of the income, after...
...Tengiz Kitovani, a member of the country's self-proclaimed new Military Council and commander of the rebel National Guard units that helped topple Gamsakhurdia, triumphantly announced, "A new democratic Georgia has been born." But has it? The men who took over are just as strongly nationalistic and authoritarian as Gamsakhurdia, leaving it unclear what political changes they might make. Nor was it known whether the new leadership would move to join the Commonwealth of Independent States that groups together 11 other former Soviet republics. For now, Georgia seems to be playing a perilous lone hand...
...Georgian Military Council vowed to turn over power "in the very near future" to a provisional civilian government led by former Prime Minister Tengiz Sigua, a onetime Gamsakhurdia ally who was pushed out of office in a political squabble. But Military Council member Dzhaba Ioseliani, head of the anti-Gamsakhurdia Mkhedrioni, or White Horsemen, paramilitary squads, suggested that the timetable would depend on how quickly life in the republic returned to normal. "Power is now in our hands," he said. "Until things calm down and until democratic institutions take root, we will keep power...
...Gamsakhurdia tell it, conspiracies seethe around him. At the national level, Mikhail Gorbachev is scheming to "create a civil war" in the southern republic with the help of "40,000 KGB agents," while fellow Georgian Eduard Shevardnadze, the former Soviet Foreign Minister, is a "provocateur." At the state level, Tengiz Sigua, the Georgian prime minister until six weeks ago, is "a liar and a criminal" who, Gamsakhurdia says, "is making a coup against me." At the grass-roots level, the thousands who now take to the streets daily demanding Gamsakhurdia's resignation are all "plotters" and "criminals." Even Washington...