 Azerbaijan International Operating Company

Azerbaijan International Operating Company is a consortium formed to implement the terms of  the “Agreement on the Joint Development and Production Sharing for the Azeri and Chirag Fields and the Deep Water Portion of the Gunashli Field in the Azerbaijan Sector of the Caspian Sea” signed among SOCAR and international companies.The consortium was established in February 1995 after PSA was ratified by Parliament of Azerbaijan on December 2, 1994.