Oil and Gas Law

17 January 2024by info@acon.az0

ACON Law Firm – Oil and Gas Law Services in Azerbaijan

Navigating the complex landscape of Azerbaijan’s oil and gas industry requires expertise and a deep understanding of both domestic legislation and international treaties. At ACON Law Firm, we stand as your reliable partner regarding Oil and Gas Law, offering a comprehensive suite of legal and consultancy services.

Azerbaijan’s Rich Oil and Gas Heritage

Azerbaijan, a historic hub of the oil industry since the 3rd century A.D., has witnessed a remarkable evolution in its oil and gas sector. ACON Law Firm recognizes the significance of this industry, tracing its roots and understanding the pivotal role it plays in the nation’s economic landscape.

Legal Framework for Oil and Gas Law and Regulations

Our legal experts at ACON Law Firm specialize in navigating the intricate web of regulations governing the oil and gas industry in Azerbaijan. We provide insights into domestic legislation, ensuring compliance with international treaties. Key legislation such as the “Law on Subsoil,” and “Law on Use of Energy Resources” form the backbone of our legal consultations.

Oil and Gas Licensing and Permissions

The Law on the Subsoil, by constitutional principles, vests ownership of subsoil resources in the government while respecting the rights of stakeholders. ACON Law Firm in Azerbaijan facilitates the licensing process, covering geological surveys, extraction, production, and transportation of oil and gas products. Our team ensures adherence to national security and environmental protection measures.

Special Economic Regime for Export-Oriented Operations

In 2009, ACON Law Firm played a pivotal role in the adoption of the Law on Application of Special Economic Regime on Export-Oriented Oil-Gas Operations. This legislation, applicable for 15 years, outlines specific rules for operations.

Product Sharing Agreements (PSA) Expertise

Our firm serves in PSA negotiations and implementations, ensuring seamless operations for foreign oil companies. We highlight the benefits of amended and restated NDAs, and PSAs, such as the Azeri-Chirag-Guneshli agreement extending the term until 2050. ACON Law Firm guarantees expertise in legal regulations and tax regimes unique to PSAs, offering lower withholding tax rates and simplified reporting procedures.

Comprehensive Legal and Consultancy Services

ACON Law Firm is your one-stop solution for all legal and consultancy needs in Azerbaijan’s oil and gas sector. Our services include consultation on large-scale projects, customs, tax and accounting consultancy under PSA, employment and immigration advisory, contract negotiations, regulatory compliance, and more.

Why Choose ACON Law Firm?

  • Expertise in PSA Negotiations
  • In-depth Understanding of Local and International Regulations
  • Proven Track Record in Large-Scale Project Consultation
  • Dedicated Team for Tax Planning and Optimization
  • Seamless Incorporation of Local Entities for PSA Benefits

Conclusion

For personalized assistance, reliable insights, and unparalleled legal support in Azerbaijan’s oil and gas industry, contact ACON Law Firm. Trust us to navigate the complexities, ensuring your success in this dynamic sector.

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AZ1025, Azure Business Center, Office 165B, Baku, Azerbaijan
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ACONOffice
Reach out or visit our office to access ACON's exceptional services for your needs.
AZ1025, Azure Business Center, Office 165B, Baku, Azerbaijan
OUR LOCATIONSWhere to find us?
Law firm in Azerbaijan Footer Map
GET IN TOUCHACON Social links
Follow us on social media to stay updated and connected with ACON!
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