Azerbaijan to approve new oil agreement

Azerbaijan plans to start developing Buzovna-Mashtagha, Gala, and Zira oil fields.

Report informs that the parliament received a bill "On the adoption and approval, permission to implement the Risk Service Contract between the State Oil Company of Azerbaijan (SOCAR) and GL International LTD in connection with the restoration and development of a block including the Buzovna-Mashtagha, Gala and Zira oil fields in the Republic of Azerbaijan."

The document will be put for discussion in Milli Majlis tomorrow.