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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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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