Production to be resumed on Kashagan field as soon as reason of gas leakage detected
The oil and gas production on the Kashagan field in Kazakhstan will be suspended till experts announce the reason of the gas leakage and after that the repeated launch will be possible, reads the statement of the project operator NCOC released on Wednesday.
“The experts are working to determine the reasons of the gas leakage in the pipeline. The studies and full examination could take up to several weeks to observe the highest safety standards,” reads the statement.
The signs of gas leakage were detected during check-up of the gas pipeline from the D island on Bolashak plant, 2 km away from the Bolashak plant.
The pressure has been reduced on the pipeline section to ensure its accessibility for the inspection as a preventive measure. The Department of Emergency Situations has been informed. The gas kick, which could be dangerous for humans and environment, was not detected.
The ground sections of the gas pipeline will be unsealed for a through visual inspection.
The offshore section of the pipeline is observed by the vessels and helicopters with the sensors to detect possible gas leakage.
“Nothing abnormal has been noticed so far. The pressure was reduced and the pipeline section from the D island to Bolashak land is emptied,” reads the statement.—0---
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review