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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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