SOCAR will produce more than 5.8 million tons of oil every year due to commissioning a new well in the offshore field Oil Rocks, SOCAR reported.
Oil is extracted from the well bore in the range of 1,617-1,612 meters, the report said.
SOCAR is implementing a program to stabilize and increase oil production.
In January-August 2016, SOCAR produced 5.06 million tons of oil compared to 5.54 million tons produced in January-August 2015 (-8.7%). -12D--
Economics
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On September 6, the State Oil Company of Azerbaijan (SOCAR) has announced a partnership with American oilfield services firm Halliburton to conduct research aimed at reassessing the hydrocarbon potential of the shallow-water section of the Guneşli field.
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The Food Safety Agency of the Republic of Azerbaijan (AQTA) is advancing its process of incorporating foreign high-risk food and feed production facilities into its official registry, the agency announced on Friday.
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Azerbaijan’s "Green Energy Zone" Working Group held its latest hybrid meeting to review the implementation of projects within the framework of the country's Social and Economic Development Strategy for 2022–2026, the Ministry of Energy reported on Wednesday.
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The historic city of Shusha, with its rich cultural heritage, hosted the International Day of Gastronomy on Thursday, a vibrant event organized by the State Tourism Agency, the Shusha City State Reserve, and the National Culinary Center. This event served as a bridge between various cultures and culinary traditions, showcasing the richness of the Islamic world's cuisine through the celebration of the iftar table.
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