ENERGY

Kazakhstan in Oil Deal With Chevron: The former Soviet republic will get 80% of profits from a joint venture with Chevron Corp., the American oil giant, to exploit its rich Tengiz oil field, Komsomolskaya Pravda reported. The Itar-Tass news agency reported earlier that a protocol creating the Tengiz-Chevron venture was signed by Kazakhstan’s Deputy Premier Kalyk Abdullayev and Richard Matzke, president of Chevron Overseas Petroleum Co. Chevron said the project will involve an investment of about $1.5 billion over the first three years in a deal expected to be one of the biggest for a U.S. company in the former Soviet Union.