President Announced Plan of work for 2018
Economics
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The Shah Deniz field, located in the heart of the Caspian Sea, continues to be a cornerstone in energy production, as highlighted in the first quarter report submitted by BP.
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The Baku-Tbilisi-Ceyhan (BTC) pipeline, a linchpin of Eurasia's energy infrastructure, has surpassed a significant milestone, with cumulative oil exports exceeding the 4 billion barrel mark since its inauguration in June 2006.
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According to the data published by the State Tourism Agency, in the first four months of this year, Azerbaijan's air transportation sector experienced a significant upturn. Given the marked increase in passenger numbers, the report highlights the country's growing attractiveness as a tourist destination and its key role in ensuring regional connectivity.
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Oil production at the Azeri-Chirag-Guneshli (ACG) project faced a notable setback in the initial quarter of 2024, with total output averaging approximately 339 thousand barrels per day (bpd), marking a decrease of 20% compared to the corresponding period last year. The quarterly report, jointly published by BP and its partners, sheds light on the intricacies of this downturn.
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