From January to September 2013 the Azerbaijani International Operation Company (AIOC) (operated by BP) has spent a total of $2,613,000,000 for the operations on the contract area Chirag-Guneshli (ACG). Of this volume capital costs totaled $2,039,000,000 and the operation costs – additional $574,000,000, reads the BP-Azerbaijan quarter 3, 2013 report.
The operation costs of ACG increased by $39,300,000, while capital costs – by $232,000,000 (total $271,300,000)
According to the report, this year total costs within ACG are planned to total $3,272,000,000, of which $2,514,000,000 will be capital costs and $758,000,000 - operation costs.—0—
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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