According to the report, Azerbaijan conducted discussions with partners on joint exploration of deep parts of Azeri, Chirag and Guneshli fields and PSA and signed a new agreement on extension of ACG project.
According to the agreement, SOCAR’s share in ACG increased from 11.65% to 25%, foreign companies will pay $3.6 billion bonus to SOFAZ: ‘$40 billion is planned to be invested in ACG during next 32 years. Azerbaijan’s profit oil will make up 75%’.
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