Tag Archives: Ilham Aliyev

Block D230 lies some 135 kilometres (84 miles) north-east of Baku in the Caspian Sea.

Azerbaijan has put forward an initiative to implement the project of the Southern Gas Corridor.

Project activities continue at offshore and onshore sites including the Sangachal Terminal and along the pipeline route.

In the newly signed contract. Azerbaijan’s share of the oil will be 75 per cent. and bonus payments by foreign investors will reach $3.6 billion.

In the first half of 2017. the ACG field production averaged 585000 bpd from the six platforms.

TANAP is scheduled to begin carrying 16 billion cubic meters (bcm) of gas annually in 2018 or 2019 from Azerbaijan.

The conference. timed to the exhibition. will be attended by over 400 delegates from 30 countries.

Extension of the agreement to cut oil production meets the interests of Azerbaijan.

Republic of Azerbaijan is located in the South of Caucasus Mountains and north of Aras river.

Russian oil production declined by 254.000 bpd from April 1-26 compared with the reference level of October.