Baku, Azerbaijan, May 18
By Maksim Tsurkov - Trend:
Zenith Aran Oil Company Ltd., a subsidiary of Canada's Zenith Energy Ltd., has been registered in Azerbaijan, reports the Vergiler newspaper of Azerbaijan's Ministry of Taxes.
Andrea Cattaneo is the company's legal representative in Azerbaijan.
The company was registered at: 15, Nobel Avenue, Khatai District, Baku, Azerbaijan.
Zenith Energy Ltd. established its subsidiary Zenith Aran Oil Company Ltd. for mining operations at Azerbaijan's three onshore oil fields.
Azerbaijan's state oil company SOCAR and Zenith Aran Oil Company signed March 16 an agreement on production sharing, restoration, development and exploration at the block of Muradkhanli, Jafarli and Zardab oil fields.
The Muradkhanli, Jafarli and Zardab fields cover an area of 642.2 square kilometers.
Currently, the average daily oil production at these fields is 350 barrels.
Edited by EA
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