Middle East Economic Survey
Azeri Majlis Ratifies Shafag-Asiman PSA
Azerbaijans Majlis (parliament) has approved the final production sharing agreement (PSA) between state firm Socar and BP for exploration and development of the offshore Shafag-Asiman block. Socar President Rovnag Abdullayev recently urged BP to speed up work on Shafag-Asiman, where exploration is due to begin this year (MEES, 2 May). Rashid Javanshir, President of BP Azerbaijan, said the...