In order to increase production on the shallow section of the oil and gas field Guneshli, SOCAR plans to drill 20 new wells.
SOCAR reported that six out of total number of planned wells have been put into operation and drilling of five another wells is currently in progress.
The works on the Guneshli field are carried out as a part of SOCAR’s plan to stabilize production and increase production on the fields developed by the company itself from 2013 to 2015.
A deep-water section of Guneshli field is being developed by SOCAR jointly with the foreign companies within the framework of the Azeri-Chirag-Guneshli bloc of fields.—0-
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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