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September 20, 1994 | From Times Staff and Wire Reports
Azerbaijan Oil Deal Near: A consortium led by British Petroleum, and including Amoco Corp. and Unocal Corp., expects to sign a landmark $7-billion deal today with the Azerbaijan state oil company Socar, which promises to open up the region to Western investment. Azerbaijan will receive about 80% of the proceeds in a production-sharing scheme over 30 years. The remainder will go to the consortium.
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BUSINESS
September 20, 1994 | From Times Staff and Wire Reports
Azerbaijan Oil Deal Near: A consortium led by British Petroleum, and including Amoco Corp. and Unocal Corp., expects to sign a landmark $7-billion deal today with the Azerbaijan state oil company Socar, which promises to open up the region to Western investment. Azerbaijan will receive about 80% of the proceeds in a production-sharing scheme over 30 years. The remainder will go to the consortium.
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