SOCAR and BP-Azerbaijan to sign new gas contract this year

SOCAR and BP-Azerbaijan will sign new contract on exploitation of low horizons in Azeri-Chirag-Gunashli block, SOCAR 1st Vice-president Khoshbakht Yusifzadeh said at the meeting with CEIBC representatives in Baku.

To him, at present, the negotiations are carried out in this direction: “The volume of gas reserves here are estimated at 250-300 bln cubic meters”.


/APA/