State Oil Company of Azerbaijan (SOCAR) has conducted seismic survey on the salt field near Negram village in Nakhchivan Autonomous Republic (NAR), where it is planned to build a new gas storage, reads SOCAR’s statement.
According to the same information, 3-D seismic survey was conducted on the area of 27.5 sq.km to specify the possibility of building of underground gas storage in this area and 2-D seismic survey on 12.4 linear km.
The company has been working now to interpret the data. The information will be used to study the geological structure of the field.
The information reads that drilling of the exploration well No 1 has been completed on the territory.—0--
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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