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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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
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Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
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Greek Prime Minister Kyriakos Mitsotakis on Wednesday urged European leaders to pursue a "smart green deal" at the COP29 summit in Baku, advocating for a balanced approach to the energy transition that takes into account both environmental and economic realities.
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