Baku 16° C
Oil production from Balakhani field to decrease by nearly 4% in 2025
Energy
- 29 January, 2025
- 12:58
Add Report.az to preferred Google sources
Stay up to date with the top news!
Some 1.76 million barrels of oil are projected to be produced from the Balakhani field in 2025, according to the Chamber of Accounts' opinion on the State Oil Fund of Azerbaijan's (SOFAZ) budget for 2025, Report informs.
This is 0.07 million barrels and 3.8% less compared to the 2024 forecast, and 0.09 million barrels and 4.9% less compared to the actual figure for 2023.
In 2024, oil production from the field was projected to be 1.83 million barrels.
The Balakhani-Sabunchu-Ramana oil and gas field is located 12 km northeast of Baku city. The field covers an area with a length of 10 km and a width of 3 km.
Author
Bu il “Balaxanı” yatağından neft hasilatı 4 %-ə yaxın azalacaq
Добыча нефти на месторождении Балаханы в этом году снизится примерно на 4%
Latest News
17:58
Azerbaijani wrestler Eldaniz Azizli becomes five-time world champion
Individual sports
17:53
Moscow eyes trilateral talks with US, Ukraine after November 4
Other countries
17:45
Iran calls for complete removal of foreign forces from region
Region
17:36
Saudi Arabia intercepts 10 ballistic missiles launched by Houthis
Other countries
17:27
At least 1,300 people arrested in mass weekend protests across France
Other countries
17:10
5 killed in Philippine market fire
Other countries
16:55
Photo
AFFA President Rovshan Najaf visits Hovsan Sports Complex
Team sports
16:35
12 injured, including 6 children, in shooting near Florida university
Other countries
16:19
Explosion, fire occur at PepsiCo subsidiary's building in US
Other countries