Middle East Economic Survey
ExxonMobil Pays $30Mn To Exit Nakhchivan PSA
ExxonMobil has paid around $30mn in compensation to the State Oil Company of the Azerbaijan Republic (Socar) to withdraw from its production-sharing agreement (PSA) in the offshore Nakhchivan concession. Socar President Natiq Aliyev said on 21 June that discussions with ExxonMobil on the prospect had been finalized. Last February, ExxonMobils operating company, Exxon Azerbaijan Operating...