ECONOMY


Rovnag Abdullayev: Works on ACG oil production sharing agreement are underway

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Baku, October 29, AZERTAC

"The works on joint processing and sharing of oil production agreement of "Azeri-Chirag-Guneshli" (ACG) fields' block and the deepest parts of "Guneshli" field are underway", the president of Azerbaijan State Oil Company (SOCAR), Rovnag Abdullayev informed.

Speaking about the share of SOCAR in the new agreement, Abdullayev emphasized that, it is too early to say the exact number about the share.

ACG production sharing agreement for the current term ends in 2024.

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