Oil for Baku-Tbilisi-Ceyhan InsufficientJuly 31, 2006 - 16:23 AMT PanARMENIAN.Net - The operation of the Baku-Tbilisi-Ceyhan oil pipeline proved that the existing infrastructure of the oil transportation in Azerbaijan obviously exceeds the amount of its production, Zerkalo newspaper wrote. According to the edition, the situation is quite expectable, since foreign oil companies suffered big losses at many Azeri oilfields. According to the latest data, the oil resources in Azerbaijan make some 7 billion barrels and they will be sufficient for 42.4 more years while the oil resources in Kazakhstan make 39.6 billion barrels and their production can last some 80 more years. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |