AUTHORS OF LEGEND ABOUT COUNTLESS OIL STOCK COME TO GRIEFOctober 18, 2001 - 00:11 AMT PanARMENIAN.Net - "Ramco" British-American Company can validate its withdrawal from the contract for working of the largest oilfields in Azerbaijan in November. One of the heads of the department of foreign investments of Azerbaijani State Oil Company Beglyarbekov has stated it today. The company illusions regarding the perspectives of oil production in Azerbaijan has begun to dispel since summer. As CNA agency informs, July 1998 "Ramco" leadership promised to invest about $1 billion in the exploration and working of "Muradkhanli' bloc. But 2001, July, the British-American company rejected the project realization and paid $250 thousand compensation for non-fulfillment of its duties. In spite of the fact that the first oil well displayed certain oil stock, the complex geology of the oilfield layers did not let continue the started works. It is assumed that in November, when the term of the exploring period will expire officially, "Ramco" will also stop its activities in other three contract oilfields. Top stories Armenian Prime Minister Nikol Pashinyan took to social media to thank his Lithuanian counterpart for the contribution. President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Achieving stable peace between Armenia and Azerbaijan remains a priority of the OSCE, said Ian Borg. The Cabinet of Ministers decided on Thursday, November 9 to allocated AMD 120 million to arrange the gathering. Partner news | Glendale mayor to visit Yerevan Asatryan last visited Armenia in December 2022-January 2023 as she helped establish a partnership between Armenia’s Opera House and Los Angeles Opera. Ucom’s fixed network launches in Nor Hachn City residents will be able to use fixed-line Internet, mobile communications and television in one package at more affordable prices. Ambassador summoned to Russia returns to Armenia Sergei Kopyrkin has returned to Yerevan more than two weeks after being recalled to Moscow for consultations. About 173 million drams and more than 30 beneficiary funds. "The Power of One Dram" is 4 years old In June 2020, the exclusive joint corporate social responsibility initiative of Idram and IDBank "The Power of One Dram" was launched. |