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GL Group

Description

GL, founded on April 15, 2019, has grown significantly and transformed into a group of companies by May 1, 2024. GL Group is the first privately owned group of companies in Azerbaijan's energy industry and have been recognized as the partner of choice for mature conventional brownfields.

GL Group's management team consists of experts with significant international experience in the oil and gas industry. GL Group is committed to delivering excellence and creating significant value through strategic acquisitions and investments. With a well-defined strategy, the Company are on a journey to become a regional, mid-size energy company, committed to delivering excellence and creating significant value.

In 2021, GL acquired the China National Petroleum Corporation's share in Salyan Oil Limited. In 2022, GL expanded further, acquiring three oil and gas fields from SOCAR and establishing the "Taghiyev Operating Company." GL have enhanced their portfolio by founding "GL Technical Services" in late 2022 – a company known as GLTS primarily specializing in professional oil field services, including wireline logging and well maintenance, as well as workover rig operations services. GLTS also focuses on diversification of the business stream to include other services in the energy industry.

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