SOCAR, Petronas sign memorandum of understanding

Baku, September 16, AZERTAC

The State Oil Company of Azerbaijan (SOCAR) and Malaysian Petronas Company have signed a memorandum of understanding on the exploration, development and production of hydrocarbons from Goshadash prospective structure.

Under memorandum, the companies should agree – in a six months` period – on the basic commercial principles and conditions for Production Sharing Agreement ("PSA").

© Content from this site must be hyperlinked when used.
Report a mistake by marking it and pressing ctrl + enter


Fields with * are required.

Please enter the letters as they are shown in the image above.
Letters are not case-sensitive.