The Cabinet of Ministers has adopted a new decision. Prime Minister Ali Asadov signed a resolution granting state guarantees to the production sharing agreement between SOCAR and Gran Tierra Energy.
The agreement covers parts of Quba, Gusar, Shabran, Siyazan, and Khizi districts. Exploration, development, and production will be carried out in these areas.
Recall that the agreement was signed on February 18 of this year.
