BP (operator for the development of the oilfield block Azeri-Chirag-Guneshli) has resumed production from the platform on Deep Water Gunashli, a source in BP-Azerbaijan reported.
‘The platform was stopped on September 1 for maintenance works. These works were completed on September 11 and on the morning of September 12 the oil production was resumed,’ the source in the company noted.
According to the source in the company, the production from the platform will be gradually increased to achieve the performance index that was before the suspension of the work for repairs.
As it was reported, in the first half of 2016 the platform Deepwater Gunashli produced an average of 136,000 barrels per day.
In 2015, the oil production from ACG amounted to 31.3 million tons. -12D--
Economics
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The black boxes from the AZAL aircraft have been returned to Kazakhstan from Brazil and handed over to the investigation commission for analysis of the aviation accident that occurred near Aktau Airport on December 25, Kazakhstan's General Prosecutor's Office reported.
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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