Guba:President Ilham Aliyev has given his approval to a significant Production Sharing Agreement concerning the Guba-Caspian region.
According to Azeri-Press news agency, the agreement is focused on the exploration, development, and production sharing for specific areas within the Guba, Gusar, Shabran, Siyazan, and Khizi districts of Azerbaijan.
The agreement involves the State Oil Company of the Republic of Azerbaijan, Gran Tierra Energy (Azerbaijan) GmbH, and SOCAR Guba-Caspian LLC, and outlines the authorization for its implementation.