Bank Of Baku

Anshad Petrol Joint Venture liquidated

Anshad Petrol Joint Venture liquidated
# 19 November 2009 16:51 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Anshad Petrol Joint Venture, which was engaged in developing Neftchala, Khili and Babazanan onshore fields in Azerbaijan, has been liquidated.

The liquidation committee said in a statement that individuals and legal entities may file an application on the problems arising from the liquidation.

Anshad Petrol was established in 1993 by the PSA concluded by SOCAR (51%) and Turkish Attila Dogan (31.5%). During 1994-96 Atilla Dogan Petrol acted as an operator of Anshad Petrol JV, but SOCAR has assumed this function since 1997.
In 1995 Malaysian Land and General Berhad bought 17.15%-stake and joined the project.
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