Azerbaijan Institute of Geology, RWE sign agreement

Geology Institute of Azerbaijan National Academy of Sciences and the German RWE signed a cooperation agreement, the Institute said on Friday.

According to the report, the purpose of the agreement signing - the study of oil and gas reserves at south of Absheron and transition strip between sea and Gobustan land.

The agreement signed by the Director of the Institute Akif Alizadeh and project manager for Azerbaijan Junger Schober.

Geology Institute will again carry out the research and drilling operations by the order of RWE, as well as additional field work and the results will determine the prospects of the strip.

The agreement was signed for one year and research and field work is expected to start on November 1.


/Trend/