RussNeft considers projects in Azerbaijan among priority ones
By Trend
Russia's RussNeft company considers the projects in Azerbaijan among the priority ones, the company told Trend.
"We constantly monitor current offers in the market," the company noted.
The company also commented on the issue of its withdrawal from the Padar project.
"The reason for the completion of the liquidation of the subsidiaries created for the project’s implementation was the fact that we did not see economic prospects for ourselves," the company said.
In 2014, RussNeft acquired a 100-percent stake in GEA Holdings Limited. Through its subsidiaries and joint ventures, GEA participates in projects that develop and produce oil in Azerbaijan on the basis of production sharing agreements (PSAs) concluded with Azerbaijan’s State Oil company SOCAR.
The Azerbaijani assets of RussNeft include Zigh-Hovsan, Kurovdag, Mishovdag-Kelameddin, Padar and Neftchala fields.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!