ECONOMY
WESTERN AZERI BEGINS OIL PRODUCTION
Oil production has already begun from Western Azeri platform, part of the Azeri-Chirag-Guneshli filed in the Azerbaijan’s sector of the Caspian Sea, according to the Azerbaijan International Operational Company. The first oil extracted on 30 December from a depth of 118 meters at Western Azeri field located about 110 kilometers east of Baku, reached Sangachal terminal via underwater pipeline on January 4. To date three exploration wells have already been drilled in the field. Maximum daily oil production here will be about 300 thousand barrels. Central Azeri now yields 340 thousand barrels a day.
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