Neftegasstroi construction trust of SOCAR plans to complete construction of the offshore platform No 6 on the Bulla Deniz field in May 2015, reads information posted on SOCAR’s official web site.
The works have been ordered by SOCAR’s Narimanov oil and gas production department.
The platform No 6 is designed to drill 4 operation wells and it will be installed on the sea depth of 26 meters.
Construction of the platform started in October 2014. 11 foot blocks of the platform No 6 weighing 160 tons each have been installed. The works to install drilling equipment are coming to the end.
According to SOCAR’s estimates, the platform will be used to extract 600 tons of condensate and 2 million cub.m. of gas a day.
Narimanov oil & gas production department has been developing Sangachal-Deniz-Duvanny-Deniz-Khara island-Zira, 8 March, Alaty-Deniz and Bulla Deniz fields.—0--
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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