The volume of oil production from the block Azeri-Chirag-Guneshli (ACG) for 2017 has not been determined, the President of BP for Azerbaijan, Georgia and Turkey, Gordon Birrell, told reporters.
According to him, the main task of the consortium is the preservation of the current production volumes.
‘For 2017 the volume of production from ACG has not been defined. Discussions over this issue are going with the government of Azerbaijan,’ Birrell said.
According to him, in 2016-2017 growth in the world oil prices is not expected. In this regard, the company is building work, so as to ‘make it effective at the current prices.’
It should be noted that in H1 of 2016 BP produced the average of 655,000 barrels of oil per day from ACG (641,000 barrels in H1 of 2015).
According to the news obtained by Turan from oil-related circles, by December of this year the average daily production from ACG will fall to the level of 640-635 thousand barrels per day.
The peak production in the framework of ACG was recorded in 2010 - 42 million tons, and in 2015 the volume of production fell to 31.3 million tons. -12B--
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review