Baku 18° C
SOCAR and Petronas sign memorandum of understanding
Energy
- 17 September, 2016
- 05:17
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 17 September. REPORT.AZ/ The State Oil Company of Azerbaijan Republic (SOCAR) and Malaysian Petronas Company have signed a memorandum of understanding on the exploration, development and production of hydrocarbons from Goshadash prospective structure.
Report informs referring to the SOCAR, under memorandum, the companies should agree in a six months period on the basic commercial principles and conditions for Production Sharing Agreement ("PSA").
Author
Latest News
00:00
Six years pass since Sugovushan and Talysh were liberated from Armenian occupation
Domestic policy23:56
Photo
EU Council delegation briefed on reconstruction efforts in Aghdam
Foreign policy23:32
French police detain more than 5,000 amid nationwide student protests
Other countries23:18
Kubanychbek Omuraliev: OTS has strengthened its international presence
Region23:07
World Health Organization reports rise in global life expectancy
Health22:42
Three Houthi ballistic missiles intercepted over southern Saudi Arabia
Other countries22:39
Bahçeli: Nakhchivan Agreement was a turning point in cooperation across Turkic world
Region22:17
Canada left off IIHF Council for first time in 32 years
Team sports22:04
Photo