SOCAR awaits for sentence on legal examination with Frontera Resources
вЂњThe State Oil Company of Azerbaijan (SOCAR) was waiting for a verdict on the court examination with the US Frontera Resources, which earlier participated in the development of the Kursangi-Karabagly onshore fields,вЂќ the President of SOCAR, Natik Aliyev, told Trend on Thursday.
According to Aliyev, international experts and law-defenders carry out work in this direction. вЂњIn the near future the judges are expected to make a sentence on this issue,вЂќ he stressed.
Frontera Resources filed a suit on the SOCAR demanding $23m for the damage. $15,737, 447 of the sum was the basic fine, $7m вЂ" interests, approximately $600,000 вЂ" for expenses on lawyers, $300,000 вЂ" expenses on arbitrary court.