SOCAR and Petrobyetnam sign agreement on development of oil fields in Azerbaijan

The State Oil Company of the Azerbaijani Republic (SOCAR) and Vietnam’s Petrovyetnam have signed an agreement on commercial principles of the contract for restoration, extraction and division of petroleum extracted at Azerbaijani land oil wells, Trend reports.

Land oil fields of Azerbaijan include Muradkhanly, Jafarli and Zardab.