BAKU, Azerbaijan, February 5. Azerbaijan is expected to generate $3.2 million in revenue from the Surakhany and Garachukhur oil fields in 2025, Trend reports via the Chamber of Accounts.
According to forecasts, the state’s share in production from these fields will amount to 0.05 million barrels next year.
The Surakhany and Garachukhur fields have been operated by the Azerbaijan representative office of Surakhany Oil Operating Company since 2006. The Surakhany oil field has played a significant role in the development of the oil industry.
Drilling activities in this area began as early as the 1900s. Notably, the world's first industrial oil field operation and the first powerful oil gusher occurred at the Surakhany field in 1901. The daily oil production from that well reached 35,000 tons.
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