Baku 21° C
Azerbaijani Cabinet approves production sharing agreement
Energy
- 10 June, 2026
- 10:21
Add Report.az to preferred Google sources
Stay up to date with the top news!
The Cabinet of Ministers of Azerbaijan has approved the government's guarantees and commitments under the Production Sharing Agreement (PSA) signed between the State Oil Company of Azerbaijan (SOCAR) and Gran Tierra Energy (Azerbaijan) GmbH, Report informs.
The agreement covers exploration, development, and production activities in areas spanning Quba, Qusar, Shabran, Siyazan, and Khizi districts.
Azerbaijani Prime Minister Ali Asadov signed the new decision in this regard.
The mentioned agreement was originally signed on February 18, 2026.
Author
Nazirlər Kabineti hasilatın pay bölgüsü sazişi barədə qərar verib
Кабмин утвердил гарантии и обязательства по соглашению между SOCAR и Gran Tierra Energy
Latest News
10:00
Azeri Light crude drops below $128 per barrel
Energy
09:58
Czech media on Sabah's victory over Slavia Prague: Debacle in Baku and the Champions League curse
Football
09:42
Intensive cyberattacks target Azerbaijan's state information infrastructure
ICT
09:33
Indian Minister of State for External Affairs arrives in Azerbaijan for CICA summit
Foreign policy
09:32
Lithuanian ambassador congratulates Sabah on historic Champions League victory
Foreign policy
09:24
Azerbaijan climbs one spot in UEFA rankings
Football
09:20
CBA currency exchange rates (14.10.2026)
Finance
09:13
Azerbaijani wrestler Elmir Aliyev wins silver at U23 World Championships
Football
09:08
Key indicators of world commodity, stock, and currency markets (14.10.2026)
Finance