Investments in Azerbaijan's oil-and-gas contracts hits $ 30 bn

Mar 01, 2009 01:00 AM

Investments in Azerbaijan's 27 oil-and-gas contracts with foreign companies amount to $ 30 bn, State Oil Company of the Azerbaijan Republic (SOCAR) President Rovnag Abdullayev told on Feb. 27.
"Presently, 85 % of Azerbaijan's oil and 70 % of its gas are produced with foreign companies," he said.

SOCAR has formed 30 joint ventures and 6 alliances with foreign companies.

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