From January to October 2013 drilling companies of State Oil Company of Azerbaijan (SOCAR) increased the volume of drilling by 8.8% against the same period last year up to 126,038 meters.
SOCAR press office reported that the operation drilling totaled 119,704 metres (growth by 8.5%), while exploration drilling – 6,334 metres (growth by 15.6%).
In October 2013 SOCAR’s drilling volume totaled 6,915 meters, which fell fully to the operation drilling.
In 2012 SOCAR drilled 136,441 meters, of which 7,473 meters fell to the exploration drilling and 128,968 meters to the operation drilling.—0—
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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