President Aliyev approves a new oil agreement

16:25 - 14.04.2022


April 14, Fineko/abc.az. President Ilham Aliyev has approved the law "On the Adoption and Approval, Authorization of the implementation of the Risk Servicing Agreement between the State Oil Company of Azerbaijan and GL International LTD in connection with the restoration and development of the block including the Buzovna-Mashtaga, Gala and Zira oil fields in Azerbaijan".

ABC.AZ reports that on 14 December 2021 in connection with the restoration and development of the block including the Buzovna-Mashtaga, Gala and Zira oil fields in Azerbaijan, an agreement on risk servicing was concluded between SOCAR and GL LTD.