of August 14, 2000 No. 502
About recovery, investigation and development of the block which includes oil fields Mishovdag and Kelameddin in the Azerbaijan Republic
Accepting the offer of the State Oil Company of Azerbaijan Republic on achievement of the general arrangement between the State Oil Company of Azerbaijan Republic and Kompaniyey Moncrieff Oil International Inkorporeytid of the United States of America and Pat's Company Oil Petroleum энд Petroleum Prodakts International Eksploreyshn энд Production Inkorporeytid of the Republic of Turkey on the basic commercial principles and provisions of the Agreement on recovery, investigation, development and the equity Section of production of the block which includes oil fields Mishovdag and Kelameddin in the Azerbaijan Republic, I decide:
1. Confer to the State Oil Company of Azerbaijan Republic powers on preparation and the conclusion together with Kompaniyey Moncrieff Oil International Inkorporeytid and Pat's Company Oil Petroleum энд Petroleum Prodakts International Eksploreyshn энд Production Inkorporeytid of the Agreement on recovery, investigation, development and the equity Section of production of the block which includes oil fields Mishovdag and Kelameddin in the Azerbaijan Republic.
2. The State Oil Company of Azerbaijan Republic after preparation of the Agreement on recovery, investigation, development and the equity Section of production of the block which includes oil fields Mishovdag and Kelameddin in the Azerbaijan Republic, to submit it to the President of the Azerbaijan Republic for consideration.
President of the Azerbaijan Republic
Heydar ALIYEV
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