Exxon South Caspian liquidates branch in Azerbaijan

The lenders must submit their claims to the address: 11, Rasul Rza st., Sabail district, Baku within two months.

Exxon South Caspian Limited acquired a 15 percent stake in the Araz-Alov-Sharg oil field in 1999, 180 kilometers from Baku in the Caspian Sea.

The company's partners on the project are: BP (operator) - 15 percent, Norway's Statoil - 15 percent, Turkish TPAO - 10 percent, Canadian Alberta Energy - five percent and SOCAR - 40 percent.