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BAKU: Another session of parliament held

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  • BAKU: Another session of parliament held

    Azerbaijan News Service
    April 29, 2005

    ANOTHER SESSION OF PARLIAMENT HELD
    2005-04-29 19:00

    Record volume of oil will be produced in Azerbaijan in 2005, as Natig
    Aliyev, president of State Oil Company, told during discussions held
    in Milli Majlis. Natig Aliyev, president of State Oil Company: More
    than 20 million ton oil will be produced in Azerbaijan this year,
    which is a record. Natig Aliyev also stressed willingness of foreign
    investors to make joint investments in carbon-hydrogen fields of
    Azerbaijan. Parliament members drew attention to other problem. For
    instance, lack of law on oil in legislation of Azerbaijan up to date,
    lack of information about origin of foreign companies involved in
    operation of oil fields. Parliamentarians claimed that absence of
    last name of foreign company representative in contracts is
    disturbing fact. These representatives might be related to Armenians.
    They also criticized contentment of Azerbaijan with 25 percent as a
    stakeholder. Violation of rights of Azerbaijan citizens who work in
    foreign companies was also subject to discussions.
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