Market Report, "Azerbaijan Oil & Gas Report Q2 2014", Published
Despite planned investment in order to stabilise output from Azerbaijan's ACG complex, the long term outlook for liquids is bearish notwithstanding near term gains from the US$6nn Chirag Oil Project (COP). The greatest source of upside risk to our oil outlook comes from our bullish view on Azeri gas, with a number of major untapped gas fields holding liquids potential as well. Despite a number of large fields having already been identified for exploration and appraisal, a shortage of rigs...
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