The total production volume of gas from the Shah Deniz field has been 76 bcm, said the First Vice President of SOCAR Khoshbakht Yusifzadeh at a meeting with students of the Azerbaijan State University of Oil and Industry.
“From the end of 2006 to November 2016 the Shah Deniz field produced 76 bcm of gas and 19 million tons of condensate. Every day it produces 28-29 mcm of gas and 6 thousand tons of condensate,” he said.
* The contract to develop the field Shah Deniz was signed in Baku on June 4, 1996 and ratified by Milli Majlis on October 17 of the same year. Participants of the Shah Deniz project are BP (operator, 28.8%), Petronas (15.5%), SOCAR (16.7%), Lukoil (10%), NICO (10%) and TPAO (19%). -12D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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