Report: Rich Azerbaijan oil deal points to insiders
The State Oil Company of Azerbaijan (SOCAR) signed an unusually rich production sharing agreement with a company based in the United Arab Emirates that has close ties to Azeri officials.
The deal Bahar Energy Limited (UAE) signed with SOCAR gives Bahar 80 percent of profits of the Gum-Deniz and Bahar oil fields, with the other 20 percent going to SOCAR.… Continue Reading