Conoco, Others, finalize Caspian Sea Development Pact

    ConocoPhillips (COP), Mubadala Development Co. and Kazakhstan's state oil company have finalized a deal for offshore exploration and production in an 8,100-square-kilometer area of the Caspian Sea.     KazMunaiGas will own a 51% stake while Conoco and Mubadala, an Abu Dhabi government-owned investment vehicle, will hold the remainder equally. The trio agreed...