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.