Rosneft can be involved in exploration and exploitation of Absheron field

Rosneft can be involved in exploration and exploitation of Absheron field
# 02 June 2014 10:41 (UTC +04:00)

This company is implementing projects in Siberia, Arctic and amny regions of Russia. We’d like to closely participate in realization of these projects”, said the President of State Oil company of Azerbaijan Rovnag Abdullayev.

According to him, currently, several perspective projects are being considered: “SOCAR is interested in the projects in Russia”.

Abdullayev noted that Russia has hard extractable oil reserves: “These fields are not being developed currently. Reserves of these fields can be accounted for billions of tonnes. Generally, there are opportunities and perspectives in Russia”.

At the same time, Rosneft can be interested in development of Azerbaijani oil field: “It can be involved in exploration and exploitation of Absheron field. Moreover, SOCAR has joint projects with Rosneft. Russian company is conducting economic evaluation of issues on oil transportation via Baku-Novorossiysk pipeline from Russia to Baku and processing of this oil in oil refineries”.

Annual capacity of Baku-Novorossiysk is 5 mln tonnes and Azerbaijan intends to use these opportunities.

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