"ConocoPhillips" closes its branch in Azerbaijan
  • ECONOMY

  • 13:41 22 May 2019

"ConocoPhillips" closes its branch in Azerbaijan

"ConocoPhillips Exploration Azerbaijan Ltd" has announced that they are closing Azerbaijani branch, ONA reports citing Ministry of Taxes.

"ConocoPhillips Exploration Azerbaijan Ltd" will receive demands of creditors during 2 month due to the closing of the branch.

Note that SOCAR and "ConocoPhillips Exploration Azerbaijan Ltd" signed  “Joint Research Agreement on Land-to-Earth Activity in the Territory of the Republic of Azerbaijan " about the purpose of detecting new perspective structures and defining perspective directions of future prospecting works in July 2011.

"ConocoPhillips" does not attend oil and gas projects in Azerbaijan at the present moment.

 

Emil Ismayilov

Tags: ConocoPhillips

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