On Thursday October 31, 2013 State Oil Company of Azerbaijan (SOCAR) managed to start supply of gas from the well No 90 on the Bulla Deniz field into the system.
After extinguishing of fire on October 23 in the evening, SOCAR started gas extraction from the well. There was abnormal geological pressure during the well drilling. The drilling progress totaled 5868 meters.
Owing to drilling of the exploration well No 90 SOCAR managed to discover new productive gas beds in the deep-lying bowels of the old field Bulla Deniz. It is planned to extend the period of the field development.
* On August 18 2013 at night the accident on the exploration well on the Bulla Deniz field has caused ignition. The fire was extinguished after 67 days on October 23 in the evening and the first gas was supplied into the system via the underwater infrastructure.—0---
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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