From January to May 2016 13.5 million tons of oil (100 million barrels) has been extracted from the offshore bloc of Azeri-Chirag-Guneshli (ACG) fields operated by BP. Since beginning of extraction on the bloc in November 1997 over 399 million tons of oil has been extracted, Khoshbakht Yusifzada, SOCAR Senior Vice President, said at the Caspian Oil & Gas 2016 conference.
He added that during his period over 120 bcm of associated gas has been extracted on the contract area. “At present production totals 90 million tons of oil and 36 mcm of associated gas a day,” Yusifzada said.
He also said that currently BP extracts 30 mcm of natural gas on the Azerbaijani gas field Shah Deniz.—0—
Economics
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Cargo transportation along the Middle Corridor (Trans-Caspian International Transport Route, TMTM) reached a record 3.3 million tons in 2024, marking a 20% increase year-on-year, according to the Secretary General of the International Association "Trans-Caspian International Transport Route" Khaydar Abdikerimov.
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Azerbaijan’s national carrier AZAL and Israel’s El Al Airlines have announced a new partnership under a codeshare agreement, allowing passengers of both airlines to access joint flights, the carriers said in a statement on Sunday.
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After a nearly five-year hiatus, passenger train services between Azerbaijan, Russia, and Georgia may soon resume, with tentative plans set for March or April. However, uncertainty remains as officials in Baku signal a more cautious approach, citing ongoing restrictions on land border crossings.
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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