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
# 10 October 2008 08:11 (UTC +04:00)
Baku. Vugar Mustafayev – APA-Economics. Russneft Absheron Investments Ltd. Operation Company produced 4.3 million cubic meters of gas in Hovsan-Zigh field onshore Azerbaijan during January-August, down 7.2% on the same period last year. Gas output was 400 000 cubic meters 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