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NAOC meaning in Business ?

Answer» What is North Absheron Operating Company mean?

North Absheron Operating Company (NAOC) was an international petroleum consortium based in Baku, Azerbaijan created to explore and develop the Dan Ulduzu and Ashrafi prospects in the Azerbaijani sector of the Caspian Sea. The company started its operations in 1997. On March 7, 2000 the company stopped operations after the management of company considered the contract was not financially profitable.

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