The Korean National Oil Company is interested in the purchase of share in the State Oil Company of Azerbaijan (SOCAR) in the project on development of Inam prospect, Rovnag Abdullayev, the head of the SOCAR, told journalists on 11 May, Trend reports.
According to Abdullayev, talks on the issue were held and a memorandum on mutual understanding was signed. Data on the project was given to the Korean side.
Operator of Inam project is BP, which possesses 25% stake. SOCAR has only 50%-stake in the project and RD Shell 25%.