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Azerbaijan will sign in the coming days a new deal with BP to
continue the development of the Azeri-Chirag-Gunashli (ACG) oil
field in the Caspian Sea until 2050, extending the existing
contract that is set to expire in 2024, Azeri media quoted
President Ilham Aliyev as saying on Wednesday. ACG was Azerbaijan’s
first offshore oil Production Sharing Agreement (PSA) contract with
Western majors. The country and a consortium of foreign oil
companies signed back in 1994 a 30-year deal to develop the field.
Foreign partners in the venture—alongside…
continue the development of the Azeri-Chirag-Gunashli (ACG) oil
field in the Caspian Sea until 2050, extending the existing
contract that is set to expire in 2024, Azeri media quoted
President Ilham Aliyev as saying on Wednesday. ACG was Azerbaijan’s
first offshore oil Production Sharing Agreement (PSA) contract with
Western majors. The country and a consortium of foreign oil
companies signed back in 1994 a 30-year deal to develop the field.
Foreign partners in the venture—alongside…
Azerbaijan will sign in the coming days a new deal with BP to
continue the development of the Azeri-Chirag-Gunashli (ACG) oil
field in the Caspian Sea until 2050, extending the existing
contract that is set to expire in 2024, Azeri media quoted
President Ilham Aliyev as saying on Wednesday. ACG was Azerbaijan’s
first offshore oil Production Sharing Agreement (PSA) contract with
Western majors. The country and a consortium of foreign oil
companies signed back in 1994 a 30-year deal to develop the field.
Foreign partners in the venture—alongside…
continue the development of the Azeri-Chirag-Gunashli (ACG) oil
field in the Caspian Sea until 2050, extending the existing
contract that is set to expire in 2024, Azeri media quoted
President Ilham Aliyev as saying on Wednesday. ACG was Azerbaijan’s
first offshore oil Production Sharing Agreement (PSA) contract with
Western majors. The country and a consortium of foreign oil
companies signed back in 1994 a 30-year deal to develop the field.
Foreign partners in the venture—alongside…