Middle East Economic Survey

VOL. XLVII

No 40

4-October-2004

CASPIAN

AIOC Sanctions Final Phase Of ACG Development

The Azerbaijan International Operating Company (AIOC) announced on 20 September that the consortium will move ahead with Phase 3 of the Azeri-Chirag-Guneshli Full Field Development program. The announcement was made on the 10th anniversary of the signing of the ACG Production Sharing Agreement on 20 September 1994 in a statement that said the Steering Committee for the development of...