Bank Of Baku

Russneft Absheron produces 30 000 tons of oil

Russneft Absheron produces 30 000 tons of oil
# 15 August 2008 14:04 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. During January-June, Russneft Absheron Investments Ltd. Operation Company has produced 30 000 tons of oil in Hovsan-Zigh field onshore Azerbaijan. Oil output was 3 900 tons in June alone. Production has started up since September, 2007.
Russia’s Russneft and the State Oil Company of Azerbaijan (SOCAR) signed a production Sharing Agreement on November 3, 2006.
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