From January to September 2013 24.5 million tons of oil or 181 million barrels of oil was extracted on the ACG contract area. Oil production dropped by 0.8 million tons or by 6.4 million barrels, by 3.4% against the same period last year, reads the quarter 3, 2013 report released by BP-Azerbaijan company.
According to the company’s report, during this period average daily production on ACG totaled 663,200 barrels, down 20,800 barrels against the same period last year.
By October 1, 2013 the ACG contract area had a total of 105 wells, of which 72 ones operation and 33 technical wells. A year ago the ACG had 94 wells – 62 operation and 32 technical ones.
According to Turan, at present average daily production on ACG totals about 650,000 barrels a day.—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