Bank Of Baku

Anshad Petrol raises gas output by 3 in Jan-July

Anshad Petrol raises gas output by 3 in Jan-July
# 27 August 2008 14:16 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. Anshad Petrol Joint Venture, developing onshore Neftchala, Khili and Babazanan fields, produced 17.4 million cubic meters of gas during January-July, up 2.9% from the same period last year. Gas output was 1.7 million cubic meters in July alone.
Anshad Petrol was established in 1993 by the PSA concluded by SOCAR (51%) and Turkish Attila Dogan (31.5%). During 1994-96 Atilla Dogan Petrol acted as an operator of Anshad Petrol JV, but SOCAR has assumed this function since 1997.
In 1995 Malaysian Land and General Berhad bought 17.15%-stake and joined the project.
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