
During 6 months, 2016 SOCAR reduced gas production by 6%
During 6 months, 2016 SOCAR extracted 3,162,100,000 cub.m. of gas (this data also includes SOCAR’s shares in the joint projects), down 6.3% against the same period last year.
SOCAR reported that in June 2016 the company extracted 512 mcm of gas.
From January to June 2016 Azneft, SOCAR’s production company extracted 2.8 bcm of tank gas.
In 2015 SOCAR extracted 6,871,400,000 cub.m. of gas.—0—
Economics
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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