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XRG advances Abshiron Gas investments
XR J Company announced the final investment decision to expand the Apsheron offshore gas field in Azerbaijan, which contains recoverable resources of up to 5 trillion cubic feet of gas. Production is expected to commence in 2029, with output capacity increasing to 600 million cubic feet per day and 47,000 barrels of condensate per day. The project aims to support energy security and strengthen partnership relations with local and international companies, such as SOCAR and Total. It reflects the company's commitment to diversifying its international portfolio and expanding its gas sector in the region.
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