Bank Of Baku

Russneft Absheron produces 4 million cubic meters of gas in Hovsan-Zigh

Russneft Absheron produces 4 million cubic meters of gas in Hovsan-Zigh
# 27 August 2008 13:54 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. Russneft Absheron Investments Ltd. Operation Company produced 3.96 million cubic meters of gas in Hovsan-Zigh field onshore Azerbaijan during January-July. Gas output was 270 000 cubic meters in July alone.
Production in the field 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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THE OPERATION IS BEING PERFORMED