Oil and Gas, SOCAR
In September 2017 Total plans to start drilling works at the Absheron deposit, the CEO of Total in Azerbaijan, D. Lemarchal, said.
SOCAR may ship the additional 3 mln cubic m of gas a day to Georgia, the first deputy head of the gas export department of SOCAR, N. Samedadze, said.
SOCAR, the state oil company of the Republic of Azerbaijan, planned to launch a carbamide production facility in Sumgait in 2018, Mukhtar Babayev, the head of PA"Azerkimiya", stated durin
Azerbaijan annually exports about 6.6 bln cubic m of gas to Turkey, 2 bln cubic m to Georgia, the first deputy head of the gas export department of SOCAR, N. Samedadze, said.
As of end of 2016, the total investment in the Azeri-Chirag-Guneshli fields development project made up $30 billion, said deputy vice-president for investments and marketing of SOCAR Vitaly Beglyar
In 2018 SOCAR plans to reach the project loading at the carbamide production capacity which is being constructed in Symgayit, the head of Azerkhimiya, M. Babaev, said.
Gas extraction in Azerbaijan will reach 40 bln cubic m a year by 2025, the first deputy head of the gas export department of SOCAR, N. Samedadze, said.
SOCAR has begun drilling a new production well in the shallow part of the Guneshli field on the Caspian shelf.
By the end of 2020 SOCAR plans to complete the reconstruction and modernization of the Baku oil refinery plant, the head of the enterprise, E. Ismailov, said.
In 2006-2017, the total volume of gas production from the Shah-Deniz field made up 81 billion cubic meters, the SOCAR’s first vice-president Khoshbakht Yusifzade said on Tuesday, speaking at