Azerbaijan`s SOCAR Seeks 25 pct Share in Deal with BP on Oil Fields

Related Articles

OPEC Holds Firm on Bullish Oil Demand Outlook for 2026

6 days ago

Eni’s Indonesia Strategy Pays off with Major Gas Discovery

1 week ago

Equinor Makes Two Large Gas Discoveries in Norway’s North Sea

2 weeks ago

Azerbaijan’s state energy firm SOCAR plans to more than double its share in a new production sharing agreement with BP for the development of the country’s biggest oilfields. SOCAR First Vice-President Khoshbakht Yusifzadeh told reporters on Thursday.
Yusifzadeh said that under a new draft agreement SOCAR’s share would rise to 25 percent from 11.65 percent. The shareholders in the consortium include BP. SOCAR. Chevron . Inpex. Statoil. ExxonMobil. Turkish Petroleum. Itochu and ONGC Videsh.