Bank Of Baku

Russneft Absheron produces 38 400 tons of oil in Hovsan-Zigh

Russneft Absheron produces 38 400 tons of oil in Hovsan-Zigh
# 06 October 2008 08:24 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. Russneft Absheron Investments Ltd. Operation Company produced 38 400 tons of oil in Hovsan-Zigh field onshore Azerbaijan during January-August .Oil output was 4 400 tons in August 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