Bank Of Baku

SOCAR President: Changing of operator of ‘Contract of the Century’ isn’t on the agenda

SOCAR President: Changing of operator of ‘Contract of the Century’ isn’t on the agenda
# 24 October 2012 10:35 (UTC +04:00)
Baku. Ali Ahmadov – APA-Economics. Contract of the Century gives right to Azerbaijan and SOCAR to take any step, SOCAR President Rovnag Abdullayev said while responding question on possibility of change of the contract’s operator, APA reports.

To him, these rights are still in force: ‘If necessary, we can use these rights. But at present, it is not time to use them’.

Abdullayev expressed that 18 years passed since the signing of Contract of the Century and during this period, Azerbaijani government respected the participants of the contract and it never changed even a comma in the document: ‘And this allowed to achieve positive results’.
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THE OPERATION IS BEING PERFORMED