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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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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