Baku 23° C
Azerbaijani Cabinet approves production sharing agreement
Energy
- 10 June, 2026
- 10:21
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
Latest News
00:06
Congo says number of confirmed Ebola cases rises to 635
Other countries23:37
Azerbaijan urges mine-action support on behalf of 19 states
Foreign policy23:16
Azerbaijan crucial for Europe's energy market, Moldovan minister says
Energy22:49
Azerbaijan, Austria hold first consular consultations
Foreign policy22:23
Trump congratulates Pashinyan on victory in parliamentary elections
Other countries21:58
Sybiha: 47 states, EU condemn Russia's attack on nuclear facility
Other countries21:52
Photo
Azerbaijan, Netherlands launch probation cooperation project
Foreign policy21:37
Bodies of Azerbaijanis killed in Sea of Azov attack brought home
Foreign policy21:26