Baku 17° C
$92 bln invested in oil and gas sector of Azerbaijan so far
Energy
- 25 April, 2017
- 09:31
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 25 April. REPORT.AZ/ So far $ 92 bln have been invested in the oil and gas sector of Azerbaijan since 1995. Report informs, Deputy Vice President of the State Oil Company of Azerbaijan Republic (SOCAR) Vitali Beylerbeyov told.
According to him, production of crude oil has declined in last few years: "Over the past few years, oil output decreased by 7-10%. I think the process will stabilize in 2020."
"Today, 10 billion cum gas and 2.5 mln tons oil are produced from "Shah Deniz" field. Up to $ 30 billion have been invested in Azeri-Chirag-Gunashli fields until 2016, over 400 wells have been drilled there," SOCAR official stated.
Author
Azərbaycanın neft-qaz sektoruna indiyədək 92 mlrd. dollar sərmayə yatırılıb
В нефтегазовый сектор Азербайджана инвестировано 92 млрд долларов
Latest News
23:57
The Hill: North Korean hackers may be behind Binance cyberattack
Other countries
23:42
US begins evacuating diplomats from Saudi Arabia
Other countries
23:22
US State Department approves sale of 500 Patriot missiles to Ukraine for $2.1B
Other countries
23:01
Three soldiers drown during military exercise in Uruguay
Other countries
22:47
UAE says oil leak from Gem No. 2 tanker has been stopped
Energy
22:35
FBI and US Secret Service launch investigation into Binance hack
Other countries
22:07
Costa: We are deepening political partnership with Canada
Other countries
21:56
US Treasury extends NIS operating license
Other countries
21:36
Brnabic: Serbia must hold presidential election by December 27
Other countries