Wire flash
ADNOC's XRG Takes Final Investment Decision on Azerbaijan's Absheron Gas Field Full Development
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
On September 26, the Abu Dhabi National Oil Company (ADNOC) announced that its international investment platform, XRG, has made a final investment decision (FID) to proceed with the full development of the Absheron gas field in Azerbaijan. The decision marks a significant step in expanding the field's production capacity, which is expected to contribute to regional energy supply. The Absheron field, located in the Caspian Sea, is a key asset for Azerbaijan's natural gas output. ADNOC's involvement through XRG underscores the growing international investment interest in Azerbaijan's energy sector. The FID signals the commitment of the parties to move forward with the project's development phases, though specific financial details or production targets were not disclosed in the announcement.
Source report
September 26 — XRG, the international investment platform of Abu Dhabi National Oil Company (ADNOC), has reached a final investment decision regarding the full development of the Absheron gas field in Azerbaijan.
Source
财联社Neutral / independent
Part of this Story
SOCAR, TotalEnergies, ADNOC's XRG approve second phase of Absheron gas field development