September 14, 2017 / 4:54 AM / 10 months ago

Azerbaijan's SOCAR seeks 25 pct share in deal with BP on oil fields

BAKU, Sept 14 (Reuters) - 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. (Reporting by Nailia Bagirova; Writing by Olzhas Auyezov; Editing by Christian Schmollinger)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below