The Cabinet of Ministers approved yesterday seven production-sharing agreements with private and state companies for the production of oil and gas.

Tuesday, December 29, 2020
The Cabinet of Ministers approved yesterday seven production-sharing agreements with private and state companies for the production of oil and gas.

The Cabinet of Ministers approved yesterday seven production-sharing agreements with private and state companies for the production of oil and gas. Only one foreign company is involved – Houston-based Aspect Energy, a business in partnership with Sigma Bleyzer. A Canadian company, Vermilion Energy, dropped out in November, citing low oil and gas prices. Companies have until January 7 2021 to sign their agreements.

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