Exxon South Caspian liquidates branch in Azerbaijan
17.02.2016 17:06
The US oil and gas Exxon South Caspian Limited, part of the Exxon Corporation, has announced about the liquidation of its branch in Azerbaijan, the Azerbaijani Taxes Ministry’s Vergiler newspaper wrote Feb. 17.
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.
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