VOL. XLII
No. 02
11-January-1999
FSU
Azerbaijan Signs Production Sharing Agreement With Japanese Consortium
Azerbaijans state-owned oil company Socar signed a 25-yearproduction-sharing contract with a consortium of Japanese companies on 25 December thatcalls for the rehabilitation and exploration work in the offshore Area-I block, whichcontains the Atashgyakh, Yanan-Tava and Mugan-Deniz oilfields. Socar will hold 50% of thejoint venture with the remaining 50% broken down as follows: Japan...
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