In January 2014 number of the oil and gas drilling rigs operating in the world increased to the maximum level since February 2013.
The US Baker Hughes service company reported that last month there were 2598 drilling rigs in the world, up 120 against December and up 59 against January 2013.
During last month number of drilling rigs in the US decreased by 2 against December to 1769, because of cold weather. Their number increased by 132 in Canada and totaled 504. Thus, over 63% of the operating drilling rigs fall to North America.
In January 2014 number of drilling rigs in Europe did not change – 126.
Their number dropped by 2 on Near East (to 403), and by 16 in Latin America (to 401). Number of drilling rigs increased by 7 in the Asian and Pacific region (up to 256).
Africa will have one drilling rig more and their number reached 139. The record since early 2006 has been updated.—0--
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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