Azeri-Chirag-Guneshli

page 2

Azerbaijan’s SOFAZ makes almost $120B from largest oil project

Azerbaijan’s SOFAZ makes almost $120B from largest oil project

Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project for development of the Azeri-Chirag-Gunashli (ACG) block of fields totaled $119.314 billion from early 2001 to July 1, 2016, SOFAZ told Trend. SOFAZ said its revenues …

OPEC forecasts Azerbaijan's oil production decline

OPEC forecasts Azerbaijan's oil production decline

OPEC has published a report which predicts that Azerbaijan will continue the trend of oil production decline.  So, in 2020 it will amount to 0.7 million barrels a day and 0.6 million barrels a day by 2014. In 2015. The cartel …

BP halts production of Chirag platform

BP halts production of Chirag platform

BP as the operator of the Azeri-Chirag-Guneshli field development project implemented a planned facility shut down of the Chirag platform. The production from the Chirag platform will be suspended for about 25 days to enable …

Azerbaijan earns $116 by Azeri-Chirag-Guneshli project

Azerbaijan earns $116 by Azeri-Chirag-Guneshli project

The revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project for developing the Azeri-Chirag-Guneshli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea totaled $116.01 billion from 2001 to November 2015. …

SOCAR vice president shares company's strategic plans

SOCAR vice president shares company's strategic plans

The Vice-President of the State Oil Company of Azerbaijan (SOCAR) for strategic development, Tofiq Gahramanov, told Russian journalists about the company's plans. "In 2010, there was a task to develop ...