The biggest offshore field Kashagan has reached the commercial oil production, Uzakbay Karabalin, Kazakhstan Minister of Oil and Gas, told journalists.
“Last evening we have been told that the commercial production volume has been achieved,” Karabalin said.
It was earlier reported that the commercial production volume is 75,000 barrels per day.
Oil production started on Kashagan on September 11, 2013. The project partners are KazMunaiGas (KMG), Italian Eni, US ExxonMobil, British-Dutch Royal Dutch Shell, French Total and Japanese Inpex. In addition, Chinese National Petroleum Corporation (CNPC) has bought 8.33% share in the project from KMG.—0—
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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