Azerbaijan’s strategic foreign exchange reserves are estimated at $66.4 billion, Chairman of the Central Bank (CBA) Taleh Kazimov said.”Strategic foreign exchange reserves for 10 months of 2023 increased by 13.4%, reaching $66.4 billion,” Kazimov said at a press conference.At the same time, the assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for October 31 are equal to $55.1 billion (an increase of 12.3% or $ 6 billion … Azerbaijan’s strategic foreign exchange reserves are estimated at $66.4 billion, Chairman of the Central Bank (CBA) Taleh Kazimov said.”Strategic foreign exchange reserves for 10 months of 2023 increased by 13.4%, reaching $66.4 billion,” Kazimov said at a press conference.At the same time, the assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for October 31 are equal to $55.1 billion (an increase of 12.3% or $ 6 billion …
Kazakhstan’s plans to increase oil production, the country’s development forecast for 2024-2028, presented by Alibek Kuantyrov, the head of the Ministry of National Economy. It is planned to increase the indicator by expanding production at the “Kashagan,” “Tengiz”, and “Karachaganak” fields, the minister said at a plenary session in the Majilis on Wednesday.”Due to the expansion of production at the “Kashagan,” “Tengiz” and “Karachaganak” fields, …
In January-September 2023 Oil production at the Azeri-Chirag-Guneshli (ACG) block of fields amounted to about 100 million barrels (14 million tons), the quarterly report of BP-Azerbaijan (the project operator). According to BP, in January-September 2022, oil production from the ACG block amounted to about 114 million barrels (15 million tons). Thus, in January-September 2023, oil production from this contract area in barrels decreased by 12.3% or by 14 million …