During 2015 proved oil resources of SOCAR increased by 3% and totaled 74.34 million tons against 72.05 million tons in 2014.
SOCAR reported that by January 1, 2016 proved gas resources of SOCAR totaled 55 bcm against 54.96 bcm in 2015.
The volume of proved oil and gas resources of SOCAR is based on the resources of four main fields – Guneshli, Neft Dashlary, Bulla Deniz and Umid offshore fields.
In 2015 the volume of oil extraction by SOCAR totaled 8.16 million tons against 8.3 million tons in 2014 and volume of gas extraction totaled 6.87 bcm and 7.01 bcm.
In 2015 the volume of oil refinery by SOCAR totaled 6.48 million tons against 6.74 million tons in 2014.—0—
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review