Azerbaijan Awards Alberta Energy 5% Of Alov-Araz-ShargConcession
Azerbaijan has awarded 5% of the Alov-Araz-Sharg offshoreproduction sharing agreement to Canada痴 Alberta Energy Co. Fifteen percent ofthe tract remains to be assigned. BP and Statoil each hold 15%, TPAO of Turkeyhas 10%, and Azerbaijan痴 state-owned oil company Socar owns 40% (MEES,30 November 1998). The concession is the second-largest after AIOC痴. Thecontract was ratified by the Azerbaijani...