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SOFAZ announces sale of foreign companies' equipment

Economy Materials 7 May 2016 15:53 (UTC +04:00)

Baku, Azerbaijan, May 7

By Azad Hasanli - Trend:

The State Oil Fund of Azerbaijan (SOFAZ) has announced the sale of equipment and assets represented by foreign oil companies within the contracts of production sharing agreement (PSA), the fund said in a statement published May 7 in the official press.

The matter rests in the equipment used for oil production and other assets, according to the statement.

Anyone interested in acquisition of the above mentioned assets may apply to SOFAZ not later than May 17, 2016.

Further information can be obtained from the following contacts:

Contact person - Abdulla Boyukkishiyev, phone: (012) 498 77 53, 498 62 55 (internal - 1004).

SOFAZ was established in 1999 with assets of $271 million.

Based on SOFAZ's regulations, its funds may be used for the construction and reconstruction of strategically important infrastructure facilities, as well as solving important national problems.

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