Key issues to be discussed at Caspian Conference and Exhibition SPE
The Annual Caspian Technical Conference and Exhibition SPE to be held in Baku on November 4-6, 2015.
The conference includes three panel sessions with participation of international specialists to discuss the most urgent issues, problems and possibilities of the oil and gas industry of the Caspian region.
The conference will be held through the partnership with SOCAR and BP acts as a host party. The following companies act as sponsors - Baker Hughes, Caspian Geophysical, Chevron, ENGIE, ExxonMobil, Halliburton, INPEX, Nobel Oil, Petronas, Schlumberger, Statoil, TCO and Total.
“Caspian region has all the possibilities to act as the main supplier of natural gas to Turkey and Europe and favorable and stable geopolitical situation in the region guarantees safety of export,” believes the Society of Petroleum Engineers (SPE), which organizes the conference and exhibition.
The wide-scale oil and gas projects with various types of risks, such as technical risks, risks of implementation and risks related to fulfillment or failure to fulfill commitments, will be discussed.—0—
Economics
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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