15:54 - 23.07.2026

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July 23, Fineko/abc.az. Azerbaijan's first private oil & gas association GL Group has completed a deal to acquire production assets in four fields in the Midland area (Texas), located in the Permian Basin of the U.S.

The deal included more than 200 active wells, and GL Group became the first Azerbaijani company to independently manage active assets in the U.S. as an operator.

The company noted that this is a historic event for the country's private sector, marking a new stage in group's international expansion following its entry into the Turkish market.