• Company
  • Products online
  • News terminal

Products online

  • News terminal
  • Caspian Oil & Gas Trends
  • Monthly Azerbaijan Business Monitoring
  • Weekly Azerbaijan Business Monitoring
  • Caspian, Turkey Building & Logistics Monitoring
  • Azerbaijan Energy Projects Review
  • Azerbaijan Banking Analytics
  • Iran Energy Economy Review
  • Central Asia Economic Outlook
  • Weekly Tenders Report
  • Azerbaijan Industry Agriculture Review
  • Azerbaijan Monthly IСT Monitoring
  • Regional Finance
ORDER TRIAL VERSION

Company

  • About company
  • Trend Information Service
  • Vacancies

Communications

  • Reference
  • Achievements

For clients

  • How to subscribe
  • Instant paid access
  • Support service

Trend in social networks

  • Facebook
  • Twitter
  • Youtube
  • Telegram
  • RSS
  • IOS
  • Android

Info Services

  • Trend Politics
  • Trend Society
  • Trend Economy
  • Trend Energy
  • Trend ICT
  • Trend Tourism
  • Trend Culture

Contacts

  • Bakhtiyar Vahabzade Str., 14, Baku, Azerbaijan, AZ1141.
  • sales@trend.az
  • + 994 12 437-12-68
  • RU
  • AZ
  • EN
  • TR
  • FA
AzerNews.Az Today.Az
  • Login
  • Sign up
Trend.Az
  • Latest
  • Azerbaijan
    • Politics
    • Business
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Business
    • Oil&Gas
    • ICT
    • Finance
    • Economy
    • Tenders
    • Tourism
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Latest
  • Azerbaijan
    • Politics
    • Business
    • Nagorno-Karabakh conflict
    • Society
    • Other News
  • Business
    • Oil&Gas
    • ICT
    • Finance
    • Economy
    • Tenders
    • Tourism
  • Iran
    • Nuclear Program
    • Politics
    • Business
    • Society
  • Central Asia
    • Kyrgyzstan
    • Kazakhstan
    • Turkmenistan
    • Tajikistan
    • Uzbekistan
  • South Caucasus
    • Armenia
    • Georgia
  • World
    • Turkey
    • Europe
    • US
    • Russia
    • Israel
    • China
    • Arab World
    • Other News
  • Trend Photo
  • Login
  • Sign up
  • Home
  • Business
  • Oil&Gas

$15 billion invested in oil and gas projects in Azerbaijan

14 February 2006 15:12 (UTC+04:00)
  • 0
  • 0

Up to $15 billion has been invested in the oil and gas projects in Azerbaijan till now. From this amount $9 billion have been invested in the Azeri-Chirag-Gyuneshli (ACG) fields development project, the Azerbaijan Minister of Industry and Energy, Natig Aliyev said, Trend reports.

According to him, 22,2 million tons of oil, 5,8 billion cubic meters of gas, 22,3 billion kWt/h of power were produced in Azerbaijan last year. The oil production has grown practically twice since 1991.

As the Minister noted, in 2006 in the framework of the ACG fields development the average oil production will make up 430,000 barrels. Out of this amount, from В"ChiragВ" - 138,000 barrels, from Central Azeri 226,000 barrels and from the West Azeri- 75,000 barrels of oil will be extracted.

According to Aliyev, 5 million barrels of oil from 10 millions required are pumped currently into the Baku-Tbilisi-Ceyhan (BTC) main export pipeline. Construction works within the first phase of the Shah-Deniz field development are complete by 91,5%, in construction of the South-Caucasus gas pipeline - 93,4% of works.

Follow Trend on Telegram. Only most interesting and important news

Category news
Azerbaijan, Romania, Bulgaria can set up joint working group on gas supply: deputy minister (Exclusive)
Oil&Gas 07:10
Oil hits new 2019 high on U.S.-China trade talk hopes
Oil&Gas 22 February 19:28
Iran to launch new petrochemical company
Oil&Gas 22 February 19:20
Azerbaijani oil prices up
Oil&Gas 22 February 17:24
Kazakhstan bans rail import of gasoline from Russia
Oil&Gas 22 February 16:12
IGB Network Code submitted long before deadline
Oil&Gas 22 February 15:56
Latest
Kazakh tenge remains stable against US dollar over week
Finance 09:33
Azerbaijan, Turkey discuss cooperation in int’l organizations
Politics 09:32
Three objective reasons for increased investor interest in Azerbaijani gov't securities
Finance 09:21
"Friends of SMEs" will start working in other regions of Azerbaijan this year (PHOTO)
Economy 09:13
France, Germany agree on joint proposal for euro zone budget
Europe 08:49
Trump says US has developed 'much better' relations with Pakistan recently
Other News 08:37
Saudi, China sign $28 billion worth of economic accords - SPA
Arab World 08:08
Azerbaijan, Romania, Bulgaria can set up joint working group on gas supply: deputy minister (Exclusive)
Oil&Gas 07:10
Trump, Xi likely to meet in late March in Mar-a-Lago amid US-China trade talks
US 06:55
Most popular
President Aliyev: Azerbaijan believes in implementation of SGC project
President Aliyev: Azerbaijan believes in implementation of SGC project
Azerbaijan's First VP meets UK Prime Minister's Trade Envoy (PHOTO)
Ilham Aliyev: Our energy dev't chronology shows Azerbaijan reached its main goal
Ruslan Aushev: Ilham Aliyev is a reputable leader who loves his people (EXCLUSIVE)
Commentary
Iran-Pakistan challenging amity

Iran-Pakistan challenging amity

Domestic incident cannot harm Azerbaijani-Chechen friendship - expert
Attempts of some forces to break up Chechens, Azerbaijanis doomed to fail
Withdrawal of US troops from Iraq: cacophony of opinions
Azernews Newspaper
Trend.Az
  • About
  • Our Team
  • Products online
  • Trend Information Service
  • News terminal
  • News archive
Contacts
14, Bakhtiyar Vahabzade, Baku, Azerbaijan, AZ1141
+(994 12) 497-31-72
news@trend.az
+(994 12) 497-30-89
© 2019 Trend News Agency
Terms of use