VOL. XLIV

No. 25

18-June-2001

CASPIAN

Azerbaijan Parliament Approves Zykh-Govsany PSA

Azerbaijans parliament, the Melli Majlis, on 12 June approved the agreement between the State Oil Company of the Azerbaijan Republic (Socar) and Russias Lukoil covering rehabilitation, exploitation and production-sharing in the Zykh and Govsany oilfields on the Absheron peninsula (MEES, 15 January). The 25-year agreement calls for an investment of $215mn over six years on the part of Lukoil, which will also pay...