Azerbaijan Parliament Endorses Inam Offshore Contract
The Azerbaijani parliament ratified its 11th offshoreexploration and production sharing contract with a foreign consortium on 1 December (MEES,30 November). The contract is for the Inam structure which lies about 200 kms. south ofBaku. Socars foreign oil partners have agreed to finance Socars share duringthe exploration period. The government will also receive $32mn now that the contract hasbeen approved,...