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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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
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Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
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A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
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