Azerbaijan's SOCAR in sweetheart oil deal with Russia's Lukoil

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Under the PSA, which is for 25 years, BP will be the operator during the exploration phase holding a 50 per cent interest while SOCAR will hold the remaining 50

socar Recently, Azerbaijan-based Socar Trading said oil could touch $100 a barrel in 18-24 months Bank of America-Merrill Lynch expects oil to tr 17 Mar, 2021,

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