During the license round APA 2013 Norway has issued 65 licenses for development of oil and gas fields on the shelf of the country to 48 companies and 29 companies have obtained the status of the operator, said Norwegian Petroleum Directorate (NPD).
Of the distributed section 38 ones are located in the North Sea, 19 ones in the Norwegian Sea and 8 ones in the Barents Sea. “The oil companies are naturally still interested in further explorations works on the mature developed fields,” said Sissel Eriksen, NPD Director.
Norwegian Statoil company has obtained 10 licenses, 7 of which for the operator status. Majority of the sections are located in the North Sea.—0—
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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