SOCAR reports on oil production

Nov 09, 2004 01:00 AM

Onshore oil production has increased over the last six years, says President of the State Oil Company of the Azerbaijan Republic (SOCAR), Natik Aliyev.
Some 1.5 mm tons were produced onshore in this period, including 800,000 tons by foreign oil companies.

Aliyev said that although earlier foreign investments were drawn mainly to the offshore oil and gas fields, foreign oil companies have now started investing in the onshore deposits as well. So far Azerbaijan has signed 8 contracts with foreign companies on operating onshore oil fields.
Since 1994, Azerbaijan signed 25 international agreements on developing the country’s onshore and offshore oil and gas fields.

Source: Assa-Irada
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« December 2019 »
December
MoTuWeThFrSaSu
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31

Register to announce Your Event

View All Events