Middle East Economic Survey

VOL. XLVIII

No 14

4-April-2005

caspian

Socar Plans Offshore Gas Development

Azerbaijans state-owned oil and gas company Socar intends to invest $224mn in 2005-15, Deputy Prime Minister Yaqub Eyyubov said on 22 March in a report to the countrys parliament. Plans call for 23 wells to be drilled in the offshore shallow-water Guneshli field, where a number of platforms and pipelines are to be constructed as part of the scheme designed to boost Azerbaijans gas production...