Middle East Economic Survey
VOL. XLVIII
No 21
23-May-2005
CASPIAN
Azerbaijans Parliament Ratifies Three Onshore Oil Agreements
Azerbaijans parliament on 29 April ratified three production-sharing agreements (PSAs) signed in 2004 with foreign companies for onshore prospects in which state-owned oil and gas company Socar is a partner:
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Kyurovdag oilfield Caspian Energy Group of the UK (50%), Socar (50%). The contract is for 25 years with an option to extend for another five years. The Kyurovdag...
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