Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Azerbaijan’s biggest oil field profits announced

Posted by fidest press agency su giovedì, 24 settembre 2015

Azerbaijan16As per an article composed by Khoshbakht Yusifzade, the first VP of the State Oil Company of Azerbaijan (SOCAR), “the volume of oil created from the Azeri-Chirag-aGuneshli oil and gas fields’ in Azerbaijan from November 1997 to Sept.1, 2015, remained at 375.5 million tons.” The article additionally expressed that 205.4 million tons of this volume represented the nation’s total production. As indicated by Yusifzade, more than 85,000 tons of oil and 35 million cubic meters of gas are produced every day. Moreover, in the initial 8 months of the year 2015, 20,900 tons of oil was created at ACG on which 64% was for Azerbaijan’s local use. (Maksim Tsurkov, 2015 – Trend News Agency)Furthermore, according to UKTI (UK Trade and Investment), Azerbaijan represents around $17 billion of bidding opportunities for UK oil and gas companies making it one of the hottest markets for UK based companies who wish to explore investment opportunities internationally. At the legislature division of Azerbaijan market briefing, UKTI also stated that skills developed in the course of recent decades for engineering, project management, and manufacturing would be “pivotal to extracting the country’s considerable hydrocarbon resources”. As one of the world’s most ancient oil countries, Azerbaijan continues to draw upon its energy resources to increase its own economic turnover, done largely by co-operating with industry leading companies.Oliver Kinross Ltd will be host to the 3rd Annual Azerbaijan & Caspian Sea Oil and Gas Week 2015 this month in Baku at the luxurious Four Seasons Hotel on the 28th – 30th of September. Every year the event brings together international exhibitors, 200+ delegates and 25+ top level expert speakers from across the CIS region, providing a platform for government officials, NOCs, IOCs, solution and service providers and many other global oil experts to invest in the abundance of new business opportunities in one of the world’s most exciting markets. The conference presentations focusing on the developments, strategies and opportunities in Azerbaijan and the CIS oil & gas sector will be simultaneously translated between Russian and English.
Fuad M. Ahmadov, Managing Director, Socar, Dr. Michael Hilmer, Vice President of Supply, E.ON, Magsud Mammadov, Director of External Relations, TANAP, Ramin Isayev, General Director, SOCAR, John W. Harkins, President & CEO, Greenfields Petroleum, Will Grace, General Manager, Schlumberger and Zainal Abidin Zainudin, Country Chair, Petronas and many more key decision makers are amongst the top line up of conference speakers at the event.

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