In 2013 SOCAR’s Drilling Departments increased the volume of drilling by 4.5% up to 142,565 meters against 2012.
SOCAR press office reported that share of the operation drilling totaled 135,665 meters (growth by 5.2%) and the exploration drilling – 6,991 meters (decline by 6.5%).
In December 2013 SOCAR’s drilling volume totaled 4,217 meters, of which 4,019 meters fell to the operation drilling and the remaining one to the exploration drilling.
In 2012 SOCAR’s drilling volume totaled 136,441 meters, of which exploration drilling totaled 7,473 meters and the operation drilling – 128,968 meters.—0—
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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