“On the exploration, development and distribution of production of Gadabey, Gosha, Kharkhar, Garadag, Ordubad group (Piyazbaşı, Agyurd, Shekardara, Kaleki), Gizilbulag, Demirli and Vejnali prospective gold, copper and polymetallic ore deposits” Ministry of Ecology and Natural Resources of Azerbaijan ( The local partner of the Agreement concluded between ETSN) and the US company “RV Investment Group Services” is changing.
Publika.az reports that this was reflected in the draft law on amending the agreement.
The document is being discussed at today’s plenary session of the Milli Majlis.
Thus, ETSN, which is a partner under the agreement, is replaced by “AzerGold” CJSC. Deputy Sadiq Gurbanov, who took part in the discussions, said that the fact that the ministry is both a supervisory body and a partner in the agreement can lead to a conflict of interests: “At first, the agreement was concluded with the “Azergizil” State Company under the ministry. That company was liquidated and the ministry was considered its legal successor. After that, the partner will be “AzerGold”. In addition, the article on the use of facilities has been issued in a new edition. So, the company will be granted the right to use mining and ore drilling, facilities and equipment.
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