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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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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