Middle East Economic Survey

VOL. LII

No 23

8-Jun-2009

CASPIAN

Socar Starts Talks On ACG Deep Gas Drilling

Vagif Aliyev, Director of Socars Investment Strategy Division, told the 2009 CIS Oil and Gas Conference in Paris on 28 May that the Azeri state company has initiated talks with the BP-led consortium developing the Azeri-Chirag-Guneshli (ACG) fields with a view to exploiting underlying natural gas resources. Mr Aliyev said that gas resources have been located in reservoirs lying below the...