VOL. XLIII

No. 18

1-May-2000

CASPIAN

Azerbaijan Majlis Ratifies Exxons Offshore PSA

Exxon Azerbaijan Operating Company LLC, a subsidiary of ExxonMobil, announced on 24 April that its exploration, development and production-sharing agreement (PSA) with Azerbaijan for the offshore Zafar-Mashal block has been ratified by the countrys parliament, the Milli Majlis. Exxon executives and Azerbaijani President Haydar Aliyev signed the agreement for Zafar-Mashal (previously identified as D-9 and D-38) in...