(MENAFN- AzerNews)
Azerbaijani President Ilham Aliyev has signed a law on the
adoption, approval, and permission for the document's
implementation 'On amending the agreement signed between the
state-owned AzerGold CJSC and RV Investment Group Services LLC (US)
on exploration, development, and distribution of production from
promising gold deposits Gadabak, Gosha, Ordubad group (Piyazbashi,
Aghyurd, Shakardara, Kalaki), Soyudlu, Gizilbulag, and
Vezhnali.
The agreement was signed on August 20, 1997, and approved by Law
No. 456-IG on March 17, 1998.
In accordance with the agreement, the Ministry of Ecology and
Natural Resources and RV Investment Group Services LLC (US) signed
an 'Amendment to the agreement signed between the state-owned
AzerGold CJSC and RV Investment Group Services LLC (US) on
exploration, development, and distribution of production from
promising gold deposits Gadabak, Gosha, Ordubad group (Piyazbashi,
Aghyurd, Shakardara, Kalaki), Soyudlu, Gizilbulag and Vezhnali in
Baku on June 20, 2022.
The Azerbaijani government's guarantees and obligations provided
by the Cabinet of Ministers of Azerbaijan to the contractor
(hereinafter referred to as the State Guarantee) are also accepted
and given permission for implementation.
Once this law comes into force, the change and the State
Guarantee acquire legal force. Unless otherwise stated in the
agreement, the state provision supersedes the provisions of any
other existing laws, decrees, or administrative orders of the
Republic of Azerbaijan (or parts thereof).
The rights and interests gained by the executor (or his
successors) under the state guarantee can't be changed, corrected,
or reduced without the prior consent of the executor.
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- Azerbaijan's President Ilham Aliyev
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