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 Program Resume - Petroleum Technical Assistance Project (WB)

 Duration: 28.03.1995 - present
 Location: Baku
 Sectors: Environment

Country-Title: AZERBAIJAN-Azerbaijan - Petroleum Technical Assistance Project
Region: Europe & Central Asia
Sector: GI Oil & Gas Exploration & Development
GG Oil & Gas
Report Date: 03/28/95
Loan No:
Credit No: 2708
Report No: T6377
Report Type: Technical Annex
Keyword: Foreign investments
Petroleum exploration
Information systems
Petroleum legislation
Petroleum engineering
Petroleum exports
Petroleum
Licencing
Pipelines
Communication systems
Technical assistance
Project management
Procurement
Advisory services

Abstract: The main objectives of the Petroleum Technical Assistance Project are: 1) to accelerate foreign private investment and financial participation in petroleum exploration and production; b) to strengthen petroleum sub-sector institutions through development of petroleum legislation, training, and improvements in information systems; and c) to prepare investment projects in the petroleum sub-sector.  The project will provide: 1) provision of resources to the State Oil Company of Azerbaijan Republic (SOCAR) to recruit  financial, legal and technical advisors for: formulation and management of a project for the rehabilitation of the Guneshli field; exploration and development of other fields and construction of related infrastructure; legal studies on Caspian Sea boundary determination; development of an oil export pipeline; and petroleum licensing and exploration promotion; 2) development of a legislative and fiscal framework for petroleum exploration and production; 3) institutional strengthening of SOCAR through training, and introduction of information and communication systems; 4) detailed investment and restructuring studies of the older oil fields, gas processing facilities and oil export infrastructure improvements; 5) technical assistance for the Project Implementation Unit covering financial, procurement and project management services; and 6) an unallocated amount of US$1.0 million to cover additional project preparation activities and advisory services.



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