Total income rose by 2 percent year-on-year to 172.7 billion hryvnias, while expenses declined by 7 percent to 127.1 billion hryvnias as of September 1.

The innovation, once it is brought to fruition, is another radical departure from past practice made possible by the advent of President Shavkat Mirziyoyev’s decidedly secular administration.

The Turkish company cited the breaches of contract and force majeure in its note that had been posted on Istanbul’s Public Disclosure Platform.

SOCAR said in April that BP-led consortiums would suspend West Azeri, Chirag and Shah Deniz oil and gas platforms for maintenance works in 2021.