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Wednesday, 04 May 2005

AZERBAIJANI PARLIAMENT RATIFIES OIL CONTRACTS WITH SOME DISSENTING VOICES

Published in News Digest

By empty (5/4/2005 issue of the CACI Analyst)

Azerbaijan\'s parliament on 29 April ratified three oil contracts worth almost $1 billion that were signed last year to develop three on-shore oil fields. Azerbaijan\'s state oil company SOCAR has a stake in all three contracts. Its partners are Caspian Energy group (U.
Azerbaijan\'s parliament on 29 April ratified three oil contracts worth almost $1 billion that were signed last year to develop three on-shore oil fields. Azerbaijan\'s state oil company SOCAR has a stake in all three contracts. Its partners are Caspian Energy group (U.K.), Noble Sky (PRC/UAE), and the Turkish-Azerbaijani Azen Oil Company. Two parliamentary deputies objected during the 29 April debate that the terms of the three oil contracts under discussion constitute a violation of the rights of Azerbaijan\'s oil-sector workers. Mais Safarli argued that Azerbaijan has numerous skilled oil workers and there is therefore no need for foreign companies developing Azerbaijani oil deposits to bring workers from abroad. He added that it is unfair to pay foreign personnel more than their Azerbaijani co-workers. Djalil Hasanli urged parliamentary speaker Murtuz Alesqerov to stop delaying debate of a draft law on the oil sector. (Turan)
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