SOCAR does not discuss Goshadash structure with BP
The State Oil Company (SOCAR) is not discussing Goshadash contract structure with BP. The current SOCAR policy is to develop all promising sites with their own finances, SOCAR` s first vice-president on geology and geophysics, Hoshbaht Yusifzadeh told Trend.
SOCAR will review possibility of developing the site independently and only afterwards will make a decision whether to start talks or not.
BP representatives have earlier expressed their interest in discussing the above mentioned project.
SOCAR` s desire in developing new sites independently comes from increasing oil incomes and participation in other projects. Previously, due to the lack of finances many projects ended up postponed or frozen.