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Operating Companies with Foreign Capital Decrease Oil Production in Azerbaijan

Oil&Gas Materials 14 February 2008 20:11 (UTC +04:00)

Azerbaijan, Baku, 14 February /corr. Trend S.Aliyev / In January 2008, the joint ventures and operating companies developing the onshore fields of Azerbaijan produced nearly 102,000 tons of oil, a decrease of 7% from January 2007, a source stated at State Oil Company of Azerbaijan.

The largest volume of oil production was produced by the operating company Salyan Oil, which develops contract square Kursangi-Garabakhli - 23,000 tons of the oil.

Summary table of oil production of JV and OC in January 2008 (tons):

Joint ventures December-2007 January-2008 % to January 2007
Salyan Oil 23216 22933 85,4
Shirvan Oil 17391 17360 91,6
Karasu 23050 24742 99,3
Azgerneft 6045 5053 85,8
Anshad Petrol 3906 3763 97,1
Gobustan 255 269,718 108,8
Az.Seng-Li 750 600 96,8
Binagadi 9888,871 9166,284 97,1
Qaracuxur 1227,745 1010,26 133,8
Kura Valley 392 413 1214,7
Suraxani Oil Operation 9930 11160 114,3
Apsheron Operating LTD 5753 5575 67,1
In total 101804,616 102045,262 93,0
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