Shallow Water Gunashli talks may start later this year

Commercial talks on the Shallow Water Gunashli field may commence later this year, according to the Ramco Baku office. Ramco has reached an agreement with TotalFinaElf for negotiations for a contract for the field. Under an agreement signed among SOCAR, Pennzoil and Ramco in 1994 Ramco has exclusive rights to Shallow Water Gunashli. The field has been in production since 1981. The field has, to date, produced in excess of 500 million barrels of oil, and is currently producing approximately 110,000 bpd, down from its peak of 140,000 bpd.*

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Issue: April, 11, 2001


POLITICS

DemCongress-2 demands publicity on Key West talks


ECONOMICS

Shallow Water Gunashli talks may start later this year

Gas processing down

TFE delegation due in Baku

European customs to provide Euro400,000 in aid

Preparations for industrial privatization in full swing

Less than quarter of sold gas paid for

Information and consultation service for farmers


SOCIAL LIFE

Bars cracked down

National HCW Committee calls on health minister to honor laws


SPORT

Wrestlers win 2 silver medals

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