Azeri state-run oil company GNKAR intends to pump 8.75 mln tons of crude oil in 2005, Idris Rzabekov, head of the fuel and energy operations dept. at Fuel and Energy Ministry of Azerbaijan, told AK&M.

GNKAR has undertaken to maintain this year's production of crude. Gas output is expected to temporarily slide in 2005.

GNKAR has gas reserves at such fields as 8 March, Gunashli, Bakhar. Only the shallow area of Gunashli accounts for 65% of Azerbaijan's crude oil production while the residual reserves are estimated at 94-130 mln tons of oil and 75 bcm of gas, I. Rzabekov said.

"AK&M", 24/09/2004 13:33