President Aliyev: New gas field discovered in Azerbaijan (UPDATE 2)

President Aliyev: New gas field discovered in Azerbaijan (UPDATE 2)

"The management of the French Total Company today informed me of discovering large gas reserves on the Absheron field in the Azerbaijani sector of the Caspian Sea. And in my turn, I want to present this glad news to the public. I want to congratulate all Azerbaijani people on this event. Indeed it is a great event. Discovering large gas reserves on the Absheron field is a great contribution to the development of Azerbaijan's gas potential," President of Azerbaijan Ilham Aliyev said in a statement for press.

President said Absheron field was discovered by the Azerbaijani geologists in 1960s. "However, given the depth of the water, then we did not have a possibility to conduct work on this field. As a result of Azerbaijan's oil strategy, and the policy pursued at Heydar Aliyev's initiative, Azerbaijan's opportunities have enormously grown. Now we possess rigs which can conduct drilling and exploration in any part of the Caspian Sea," said the President.

"The exploration now enables to say that a result has been achieved. I want to once again mention that a very large gas field has been discovered in Absheron. This will enable us to even more confidently implement our gas strategy, more present Azerbaijan at the global level as a gas-exporting country, protect the interests of the Azerbaijani people. For many years after this and for decades after this, Azerbaijan will internationally represent itself as a gas-exporting country and our importance as a state will surely further grow," President Aliyev said.

"Our energy strategy aims to ensure the interests of the Azerbaijani people and strengthen regional cooperation. Important steps have been taken in this regard. Today we have multi-vector energy transportation infrastructure. We have seven oil and gas pipelines. Today, Azerbaijani oil and gas are delivered to European and global markets through various routes. Azerbaijan was traditionally known as an oil country. But today Azerbaijan is more important as a gas-exporting country for the world. We productively use these opportunities. We have many plans. We conduct practical activities to expand our multi-vector export opportunities. I am sure that all transit issues will find their solution by the end of this year and thus, new markets will be found for huge Azerbaijani gas. The European Union and Azerbaijan have productive relations and cooperation in this regard. In this January the European Union and Azerbaijan signed an important Declaration on South Gas Corridor and a working group was established. I am sure that today's negotiations will soon lead to good results. At the same time, discovering a new huge gas field is a great contribution to Azerbaijan's energy security. We could completely ensure our energy security. The Umid field, discovered a while ago by the State Oil Company of Azerbaijan, also possesses great potential. The field contains more than 300 billion cubic meters gas. The activities on our largest Shah Deniz field, which ranks among the tops in the world, are conducted successfully. All preparations are carried out to develop Phase 2 of the Shah Deniz field. Serious discussions are conducted with the foreign partners in this regard. Thus, Azerbaijan's gas potential shows its importance not only for our country, region, but also for the world. At the same time, specific steps are taken to gasify Azerbaijan, new gas lines are laid in all regions. A task has been set to resolve all gasification issues of Azerbaijan over the next two years and thus, to completely gasify Azerbaijan. Specific instructions have been given in this regard. Azerbaijan's policy in this direction is accurate and exact, and serves national interests of the Azerbaijani people. I believe that such glad news will be much in future. Exploration and drilling activities will be conducted on other fields in next years and thus, new opportunities will be created for Azerbaijan's development. So, I would like to again congratulate Azerbaijani people on this glad event. It is indeed a very important event. It again testifies that Azerbaijan has great opportunities, potential and nice future," President said.

Georgia approves draft agreement with largest oil company in Eastern Europe
Georgia approves draft agreement with largest oil company in Eastern Europe
Volume of loans issued by Georgian commercial banks down
Volume of loans issued by Georgian commercial banks down
Georgia creating new council to develop state enterprise reform strategy
Georgia creating new council to develop state enterprise reform strategy
Loading Bars
ByteDance agrees to $92 million privacy settlement with U.S. TikTok users
Global COVID-19 deaths surpass 2.5 mln - Johns Hopkins University
Georgia approves draft agreement with largest oil company in Eastern Europe
Kazakhstan decreases exports to Belarus year-on-year
UAE resumes issuing travel visa for Iranians
Head of parliamentary committee talks agricultural activity in liberated Azerbaijani lands
AZAL to start to make special flights from Baku to Kyiv
OSCE PA Vice-President names Azerbaijan's challenges in post-Karabakh conflict period
Khojaly genocide - criminal act committed against mankind, against humanity, MP says
Azerbaijani FM, Israeli ambassador discuss prospects for development of bilateral co-op (PHOTO)
Russian journalists horrified by Azerbaijani Aghdam city's destruction
Netherlands Trading House may open in Azerbaijan
Supplies of 'Iskander' missiles to Armenia must be stopped – Russian expert
Baku hosts meeting with Pakistani military delegation
Pakistani FWO talks interest to co-op with Azerbaijan in infrastructure projects
Azerbaijani president receives Signify representatives via video format (PHOTO)
OSCE MG should support post-conflict rehabilitation of Azerbaijani territories - OSCE PA VP
Chairperson-in-Office of OSCE looks to visit Azerbaijan
Italy's share in Azerbaijani oil export in 2020 disclosed
Azerbaijani satellites to provide HD broadcasting to West Africa region
Hungary-Azerbaijan cooperation on ACG, Baku-Tbilisi-Ceyhan pipeline can expand to new areas
Khazar Consortium opens again tender for service maintenance in Turkmenistan
Conversations ongoing on potential projects between Turkmenistan, UK
Uzbekistan’s fiscal policy to continue supporting economic recovery - Fitch Ratings
Payment card turnover in Azerbaijan continues to grow
Azerbaijan’s crude oil export to China up
Hungary eyes including Azerbaijani gas in country’s future energy mix
Azerbaijani market of great interest to Russian Perm region's business circles
Azerbaijan reports 142 more COVID-19 recoveries
Azerbaijan discloses volume of foreign trade operations with Russia in Jan. 2021
Azerbaijan to use new 'cloud' technologies in audit during 2021 - Chamber of Auditors
Volume of loans issued by Georgian commercial banks down
Uzbek-Korean JSC announces tender for transport services
OSCE ready to deploy mediation missions for sustained peace in Azerbaijani liberated territories - president
CNPC in Turkmenistan opens tender for provision of gas leakage detection services
Fitch projects share of state-owned banks in Uzbekistan to reduce
"Sign of Khojaly" film demonstrated within "Justice for Khojaly" campaign (VIDEO)
OIC SecGen pays tribute to those who lost their lives in Khojaly genocide
Reconstruction of Azerbaijan’s liberated lands to deepen economic co-op with Hungary
Moderna sees $18.4 billion in sales from COVID-19 vaccine in 2021
Swiss agriculture technologies to be introduced in Kazakhstan's Almaty
Tesla short-sellers sitting on $3.5 billion weekly profits
Azerbaijani FM receives Pakistani FWO's Director General (PHOTO)
Resident of Azerbaijan's liberated Jabrayil district injured as result of mine explosion
Georgia creating new council to develop state enterprise reform strategy
Uzbekistan approves investment agreements on construction of wind farms in Bukhara region
Iran's raw steel exports shrink
Dutch company sets up concrete production plant in Uzbekistan’s Tashkent region
Georgian Railway to resume passenger transportation
Azerbaijan records growth of debit cards in January 2021
Azerbaijani company signs contracts for transportation of aluminum products to Turkey
Russia increasing supplies to Turkey along BTK railway
Main share of Czech investments in Georgia falls on energy sector
Oil refining volumes decrease in Kazakhstan year-on-year
Azerbaijan communications ministry working on stabilizing Internet in districts
Azerbaijan’s Azerishig, MERKABA-SOFT companies sign contract
Payments of Azerbaijani insurance companies double
Data on cotton yarn sales on Turkmenistan’s exchange in Jan.2021
Kazakhstan's national oil&gas company reports lower annual oil transportation volumes
Kazakhstan's KazMunayGas sees decrease in 2020 oil extraction
Azerbaijan sees Jan.2021 growth of national currency deposits in local banks
Georgia plans to hinder construction of plastics recycling plant in Kutaisi FIZ
Iran reveals COVID-19 data for February 25
AzTV will investigate historical assasinations (PHOTO)
Kazakhstan eyes to host meeting of Turkic Council countries' energy ministers in 2022
Zarif urges South Korea to release Iran's blocked assets
UK eager to restart U.S. talks on tariff removal
Saipem expects capex to rise in 2021
Central Bank of Azerbaijan announces winner of tender for survey on household plans
Central Bank of Azerbaijan shares data on revenues of Azerbaijani insurance companies
Number of trucks crossing through Iran's Jolfa border checkpoint revealed
German companies eye 'green economy' dev't projects in Kazakhstan
Kazakh investors interested in several sectors of Turkish economy
Assets of pawnshops and microcredit organizations in Uzbekistan increase
Kazakhstan's major copper company reveals its 2021 production guidance
Turkey's activity on Turkmenistan’s exchange in Jan.2021
Azerbaijani president takes part in ceremony of providing families of martyrs, disabled with apartments (PHOTO)
Details of import-export via Iran's Bushehr Province announced
President Ilham Aliyev attends opening of Shaghan Rehabilitation Pension (PHOTO)
KAZ Minerals provides update on Baimskaya Project in co-op with Russia
Military coup attempt in Armenia - PM inviting supporters to Republic Square
Uzbek agriculture ministry to create system to monitor irrigated lands
Pashinyan dismisses head of General Staff
Armenian General Staff demands Pashinyan's resignation
Azerbaijani banks' foreign currency demand down
Azerbaijan privatizes several district public properties via auctions
Turkmenistan prepares to host transport conference for landlocked developing countries
Bakcell launches internet package for online education and work
Iran starts exporting products from Tombak port
Georgian PM appoints Vice PMs
Extraction from Iran's South Pars gas field exceeds plan
Kazakhstan's KAZ Minerals reports increase in revenues
TOP-5 trading partners of Azerbaijan in Jan. 2021
Georgia to extend grace period for auto importers
Saipem’s capex down, net financial debt up in 2020
Kazakh national atomic company's subsidiary opens tender to repair vehicles
Saipem sees decrease in revenues due to slowdown of projects
Barclays lifts 2021 oil price outlook on tighter U.S. supply view
Azerbaijani MFA comments on statements by Luxembourg's FM
Khojaly genocide - heaviest crime of last century, says Turkish Parliament's chairman
All news