Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Sunday January 24 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Gas production at Absheron field may be launched in late 2019

26 April 2017 10:40 (UTC+04:00)
2 048

By Amina Nazarli

Gas production from the major Absheron field in the Azerbaijani sector of the Caspian Sea may begin in late 2019-early 2020, said Vitaliy Baylarbayov, deputy vice-president of Azerbaijan’s state oil company SOCAR for investments and marketing.

He made the remarks on the sidelines of ‘The 2nd SOCAR International Caspian and Central Asia Downstream Forum – Trading, Logistics, Refining, Petrochemicals’, held in Baku Apr. 25.

"This is an optimistic view, but I think it is quite possible," said Baylarbayov.

He noted that the new petrochemical and gas processing complex being built in the Garadagh District of Baku can be used during the development of the Absheron field.

"Liquid fractions will be kept in the petrochemical complex, while gas will be sent," the deputy vice-president of SOCAR said.

Baylarbayov added that the gas to be produced at the Absheron field can also be exported.

Earlier, SOCAR and France’s Total signed a framework agreement on the principles regulating the development of the Absheron field in the Caspian Sea.

Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate.

Participants of the Absheron project are SOCAR (40 percent), and French companies Total (40 percent) and Engie (20 percent).

---

Follow us on Twitter @AzerNewsAz  

  • #ABSHERON FIELD
  • #SOCAR

Related News

Management of Azerbaijan's State Oil Company being improved - Decree

Management of Azerbaijan's State Oil Company being improved - Decree

11:08
New staff of Azerbaijani SOCAR's Supervisory Board approved

New staff of Azerbaijani SOCAR's Supervisory Board approved

10:50
Azerbaijani minister denies possibility of selling SOCAR’s shares

Azerbaijani minister denies possibility of selling SOCAR’s shares

21 January 18:27
Azerbaijani SOCAR suspends work offshore, open onshore areas due to bad weather

Azerbaijani SOCAR suspends work offshore, open onshore areas due to bad weather

21 January 17:14
MoU on Dostluk oil & gas field is new milestone in dev’t of Azerbaijan-Turkmenistan ties - SOCAR

MoU on Dostluk oil & gas field is new milestone in dev’t of Azerbaijan-Turkmenistan ties - SOCAR

21 January 17:00
SOCAR, Transneft to pump oil via Baku-Novorossiysk in 2021

SOCAR, Transneft to pump oil via Baku-Novorossiysk in 2021

21 January 14:15
SOCAR, Turkic-speaking countries mull joint energy projects <span class="color_red">[PHOTO]</span>

SOCAR, Turkic-speaking countries mull joint energy projects [PHOTO]

19 January 16:49
SOCAR increases gas, decreases oil production in 2020

SOCAR increases gas, decreases oil production in 2020

19 January 11:00
SOCAR bonds will again bring their owners $1.25 million

SOCAR bonds will again bring their owners $1.25 million

17 January 12:53
TOTAL committed to joint projects with Azerbaijan despite France's biased position <span class="color_red">[PHOTO]</span>

TOTAL committed to joint projects with Azerbaijan despite France's biased position [PHOTO]

15 January 14:27
  • Latest
  • Popular
15:16 • Expert talks promoting import of electric and hybrid vehicles to Azerbaijan
15:00 • Azerbaijan shows footage from Jomerd village of liberated Kalbajar district [PHOTO/VIDEO]
14:53 • Country registers 287 new COVID-19 cases
13:44 • WHO reports over 600,000 new daily cases of COVID-19
13:28 • Iran to begin COVID-19 vaccinations in coming weeks: President Rouhani
13:10 • Pirates hijack Turkish ship off coast of Guinea, one person killed
12:52 • Azerbaijan shares footage from Ashaghi Veysalli village of Fuzuli district [PHOTO/VIDEO]
12:35 • Yukselish competition organizes webinar presented by Azerbaijani president's assistant [PHOTO]
12:17 • Azerbaijani expert talks impact of recycling old cars on traffic jams
12:00 • WHO office in Azerbaijan discusses project on preventing deaths from COVID-19 pandemic
11:43 • Azerbaijani, Turkish FMs discuss pirate attack on ship
11:25 • Trend TV shares video report from plundered during Armenian occupation Azerbaijani Zangilan
11:08 • Management of Azerbaijan's State Oil Company being improved - Decree
10:50 • New staff of Azerbaijani SOCAR's Supervisory Board approved
10:32 • Azerbaijani MoF issues footage from Kalbajar district's Gamishli village [PHOTO/VIDEO]
10:17 • Azerbaijan considering issues of regional schools damaged during Karabakh War
10:00 • Azerbaijani president expresses condolences to Ukranian counterpart
23 January 18:00 • Azerbaijan confirms 705 more COVID-19 recoveries
23 January 15:44 • Azerbaijan shares footage from Ashaghy Maralyan village of Jabrayil district
23 January 15:16 • Azerbaijan and Turkey ink MoU to support SMEs
23 January 18:00 • Azerbaijan confirms 705 more COVID-19 recoveries
11:25 • Trend TV shares video report from plundered during Armenian occupation Azerbaijani Zangilan
10:17 • Azerbaijan considering issues of regional schools damaged during Karabakh War
13:10 • Pirates hijack Turkish ship off coast of Guinea, one person killed
10:50 • New staff of Azerbaijani SOCAR's Supervisory Board approved
10:00 • Azerbaijani president expresses condolences to Ukranian counterpart
10:32 • Azerbaijani MoF issues footage from Kalbajar district's Gamishli village [PHOTO/VIDEO]
12:17 • Azerbaijani expert talks impact of recycling old cars on traffic jams
11:08 • Management of Azerbaijan's State Oil Company being improved - Decree
15:16 • Expert talks promoting import of electric and hybrid vehicles to Azerbaijan
13:28 • Iran to begin COVID-19 vaccinations in coming weeks: President Rouhani
12:00 • WHO office in Azerbaijan discusses project on preventing deaths from COVID-19 pandemic
11:43 • Azerbaijani, Turkish FMs discuss pirate attack on ship
12:52 • Azerbaijan shares footage from Ashaghi Veysalli village of Fuzuli district [PHOTO/VIDEO]
12:35 • Yukselish competition organizes webinar presented by Azerbaijani president's assistant [PHOTO]
13:44 • WHO reports over 600,000 new daily cases of COVID-19
15:00 • Azerbaijan shows footage from Jomerd village of liberated Kalbajar district [PHOTO/VIDEO]
14:53 • Country registers 287 new COVID-19 cases
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved