SOCAR President: Russneft has nothing with Global Investment Energy extracting oil in Azerbaijan

Russian company Russneft has nothing with Global Investment Energy company, taking part in the development of a number of onshore fields in Azerbaijan, SOCAR President Rovnag Abdullayev said today.

Earlier, Russneft participated in the development of several fields in Azerbaijan. Several years ago Global Investment Energy bought out the Russian company's assets in the country.

Global Investment Energy has a share worth 75 percent in the Absheron operating company, which develops a block of fields Govsany-Zykh on the basis of PSA contract, as well as 85 percent in Karasu operating company, developing the block Mishovdag-Kalameddin.


/Trend Capital/