Almost $20B to be invested in Azerbaijan’s oil and gas industry
By Trend
Almost $20 billion will be invested in Azerbaijan’s oil and gas industry from 2018 to 2025, Trend reports with reference to Marketing Analysis Azerbaijan 2019.
Projects include further industrial development of the large offshore Azeri-Chirag-Gunashli (ACG) deep-water oil field by the Azerbaijan International Operating Company (AIOC) international consortium.
The envisaged construction of two oil platforms for the Azeri Central East project is regarded as one of the most investment-attractive individual projects.
New or renewed PSAs for the exploration and industrial exploitation of hydrocarbon deposits help to trigger investments in the oil and gas industry.
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