Baku, Azerbaijan, Feb. 10
By Maksim Tsurkov - Trend:
Russia's Rosneft is retaining interest in the project for development of the Absheron field in Azerbaijan, TASS news agency quoted Rovnag Abdullayev, president of Azerbaijan's state oil company SOCAR, as saying.
He made the remarks speaking to reporters on the sidelines of the International Petroleum Week in London, Feb. 10.
It was reported earlier that Rosneft and SOCAR agreed to cooperate on the projects on exploration and production of oil and gas in various countries, including Russia and Azerbaijan.
The two companies are also creating a joint venture for this purpose.
The first volume of gas from the Absheron gas and condensate field is expected to be obtained in late 2021 - early 2022.
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