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Socar Criticizes RWE for Exploration Delays at Caspian Structure

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June 5 (Bloomberg) -- 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 zagayev@bloomberg.net

To contact the editors responsible for this story: Torrey Clark at tclark8@bloomberg.net; Hellmuth Tromm at htromm@bloomberg.net Bruce Stanley

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