Azerbaijan And Lukoil Resolve Tax Dispute Over AIOC Sale
Azerbaijans state-owned oil company Socar announced on 19 April that it had resolved its dispute with Lukoil over the amount of tax the Russian company should pay to the government for selling its 10% share in the Azerbaijan International Operating Company (AIOC) to Japans Inpex (MEES, 23/30 December 2002). Inpex has offered to pay Lukoil $1.375bn for its share of AIOC, which holds the license for...
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