SOFAZ’s budgetary expenses predicted at level approved in annual budget

BAKU, Azerbaijan, April 7 By Nargiz Ismayilova – Trend: Expenditures of Azerbaijan’s State Oil Fund of Azerbaijan (SOFAZ) are forecasted at the level approved in the annual budget, and in this context, it is expected that funds in the amount of about $4 billion will go on sale through auctions, SOFAZ told Trend on April 6. According to the report, SOFAZ's expenses for January through March...

Petrofac gets new contract for Mabrouk gas project

BAKU, Azerbaijan, Jan.2 By Leman Zeynalova – Trend: UK-based Petrofac company has secured a new contract and the award of an additional scope of work with Petroleum Development Oman (PDO), with a combined value of approximately $130 million, Trend reports citing the company. The new contract award, under a 10-year Framework Agreement signed in 2017 with PDO, is an Engineering, Procurement and...