ECONOMY


EAST AZERI PLATFORM PRODUCING 70,000 BARRELS OF OIL PER DAY

Azerbaijan International Operating Company said oil from the East Azeri platform is currently flowing from two wells at a rate of about 70,000 barrels per day.

Oil production is expected to increase through 2007 as the other pre-drilled wells are brought online, prior to platform drilling commencing, the company said.

On plateau, the East Azeri facility will produce 800,000 barrels per day in total from Azeri, West and Central Azeri platforms.

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