Bank Of Baku

Azerbaijan and the UAE establish an oil joint venture

Azerbaijan and the UAE establish an oil joint venture
# 19 October 2009 14:31 (UTC +04:00)
Baku. Rashad Suleymanov - APA-ECONOMICS. Azerbaijan’s Ministry of Taxes has announced that it registered a joint venture set up by SOCAR and the United Arab Emirates.


The joint venture named Bag Lan Oil Recovery Ltd. Was registered as a taxpayer.


The joint venture located at 24, Hasan Aliyev Street, Narimanov district, is headed by John William Hodge. Its charter capital is $100 000.
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THE OPERATION IS BEING PERFORMED