Middle East Economic Survey
VOL. LIII
No 11
15-March-2010
CASPIAN
AIOC Approves Chirag Oil Project, Sees Additional 360Mn Barrels
The Azerbaijan International Operating Company (AIOC) has approved a $6bn project to further develop the offshore Chirag oilfield, part of the BP-operated Azeri-Chirag-Guneshli (ACG) production sharing contract, which is currently producing up to 850,000 b/d. A statement released by AIOC on 9 March said the Chirag Oil Project (COP) would allow the recovery of an...
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