Caspian oil producers face growing investor skepticism

摘要

London-Three decades after gaining independence, Azerbaijan and Kazakhstan face a growing struggle convincing investors and markets of the potential for significant new oil opportunities in the Caspian region. Recent months appear to have demonstrated the reduced allure of a region once seen as a trophy of the end of the Cold War and collapse of Soviet rule. In November, Chevron sold its 9.6% stake in Azerbaijan's main oil complex, Azeri-Chirag-Deepwater Gunashli (ACG), and ExxonMobil says it wants to sell its 7% stake, as both majors focus on shale resources at home.