Middle East Economic Survey
VOL. XLIX
No 5
30-January-2006
CASPIAN
ExxonMobil Pays $50Mn Compensation For Azerbaijans Nakhichevan And Zafar Mashal BlocksAzerbaijans state-owned oil company Socar on 24 January said ExxonMobil had agreed to pay $50mn compensation for withdrawing from the offshore Nachichevan and Zafar Mashal $18mn for the former and $32mn for the latter. ExxonMobil, which confirmed that a settlement had been reached, had drilled only one well on each block despite stipulations in...
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