End of Oil Boom?

End of Oil Boom? BP Production in Azerbaijan Down 5,9 %, meanwhile Azeri Oil Output dropped 5,6 % BP Plc experienced a downfall in its first half 2011 production level in Azerbaijan. The BP-led consortium Azerbaijan International Operation Company (AIOC) highlighted that its Chirag, Azeri and Gunashli (ACG) oilfields in the Caspian Sea produced 19 million tons (140.4 million barrels) of oil in January-June 2011, down 5.9% from the year-earlier level of 20.2 million tons. Additionally,... Read More