Socar Criticizes RWE for Exploration Delays at Caspian Structure

Socar will give German co. more time to explore Nakhchivan structure in Caspian Sea after considering taking structure back, First VP Xosbaxt Yusifzada says at energy conference today in Baku. * RWE general manager for new ventures Martin Wellens says: “With regard to the entire project cycle, we are still in a good shape” * RWE to complete 3D seismic reprocessing within next weeks, analyze data over ~2 mos., discuss next steps with Socar

To contact the reporter on this story: Zulfugar Agayev in Baku at

To contact the editors responsible for this story: Torrey Clark at; Hellmuth Tromm at Bruce Stanley

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.