LUKoil has completed installation of the support foundations for the sleet proof stationary platform, central technological platform, the residential module platform and the riser bloc on the Vladimir Filanovsky field in the Caspian Sea, reads the company’s statement.
77 km of the underwater oil pipeline of outer transport and 61 km of the underwater gas pipeline and 40 km of the inter-field oil pipeline as well as 40 km of the gas pipeline, which connect Filanovsky and Yurii Korchagin fields, have been built. Therefore, all main works for the Filanovsky field development scheduled for 2013 have been successfully performed.
In 2014 the uper constructions of the platforms will be installed on the support foundations.Construction of the coastal sections of the outer transport will start next year: gas pipeline from the petrochemical plant Stavrolen in Budennovsk and the oil pipeline to the coastal constructions for oil reception close to the oil pumping station Komsomolskaya of the Caspian Pipeline Consortium (CPC).
According to the plan of the Filanovsky field development, drilling of the wells will start in 2014, while oil production – at the end of 2015. The extractible resources of C1+C2 oil category total 153.1 million tons, gas C1+C2 category – 32.2 billion cub.m., reported http://www.oilru.com.--0--
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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