AnewZ Morning Brief - 9 August, 2025
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 9th of August, covering the latest developments you need to kn...
Last year, approximately $1.83 billion was spent on operations at the Azeri-Chirag-Gunashli (ACG) oil and gas field block, according to BP's annual report on its activities in Azerbaijan.
Of this amount, around $535 million was allocated for operational expenses, while $1.293 billion was spent on capital expenditures.
"In mid-April, the first oil was extracted from the new ACE platform, the seventh installed at the giant ACG field in the Caspian Sea. The first oil from the ACE platform came from the first well drilled at the end of 2023. In 2024, two additional production wells were brought online, increasing ACE's output to approximately 26,000 barrels per day by year-end," the report stated.
The report also highlighted that stable and safe production continued at ACG throughout 2024. The average daily production from ACG was around 342,000 barrels, totaling approximately 125 million barrels (16 million tons) for the year. By the end of the year, ACG had 148 active oil production wells, 46 water injection wells, and seven gas injection wells.
Additionally, during the year, 14 new oil production wells, three water injection wells, one gas injection well, and one well for reinjecting drilling waste were completed.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Kazakhstan has started construction of its first nuclear power plant near Ulken village, with completion expected in 2035-2036.
The European Union warmly welcomes the meeting between Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan, hosted by U.S. President Donald Trump, European Council President António Costa and European Commission President Ursula von der Leyen said in a joint statement
President of the Republic of Azerbaijan Ilham Aliyev gave an interview to a select group of Azerbaijani journalists in Washington on August 8, including our correspondent Oubai Shahbandar.
A Russian drone attack on Ukraine’s southern Odesa region has damaged an oil depot belonging to Azerbaijan’s state oil company, SOCAR, and left four people injured, industry sources told Reuters.
During President Ilham Aliyev’s visit to Washington, officials from Azerbaijan and the United States discussed expanding economic collaboration and boosting strategic innovation partnerships.
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