In 2015 Azerbaijan increased tanks gas extraction, Rakhman Gurbanov, told SOCAR Vice President for Oil & Gas Extraction and Transportation.
He added that this year tank gas extraction has reached 18.9 billion cub.m., about 0.2 billion cub.m. more than last year.
SOCAR Vice President said that extraction of natural gas from the Shah Deniz field and associated gas from the bloc of fields Azeri-Chirag-Guneshli (ACG) has increased. “In 2015 9.9 billion cub.m. of tank gas has been extracted from the Shah Deniz field. Total volume of gas extraction in Azerbaijan has reached 29.4 billion cub.m.”
Tamam Bayatly, chief of BP-Azerbaijan company’s Public Relations Department, said at the end of December 2015 that despite three-week break in August due to the preventive works, the volume of extraction on the Shah Deniz Phase 1 is expected to grow.
She said that at present about 29 million cub.m of gas a day is extracted on the field. “During 11 months, 2015 Azerbaijan has exported 6 billion cub.m. of gas from the Shah Deniz Phase 1. This is up 1.6% against the same period last year. In 2014 total volume of gas export from the field totaled 6.5 billion cub.m. These figures give the reason to claim that in 2015 extraction from the Shah Deniz Phase 1 will exceed the indexes of 2014. In 2014 gas extraction from the Shah Deniz Phase 1 totaled 9.8 billion cub.m.”—0—
Economics
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In a strategic move to bolster mechanisms against financial crimes and terrorism financing, Azerbaijan's Deputy Prime Minister, Samir Sharifov, has been appointed as the head of the newly restructured Coordinating Council on Counter-Terrorism Financing and Other Financial Crimes.
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The Chairman of Azerbaijan Railways CJSC, Rovshan Rustamov, and the head of Iranian Railways, Jabbar Ali Zakeri Sardrudi, convened in Tehran during the Joint Azerbaijani–Iranian Intergovernmental Commission meeting to bolster cooperation on the Astara terminals, key nodes in the International North-South Transport Corridor (INSTC). The talks centered on enhancing the operational efficiency and strategic significance of these terminals to facilitate growing cargo volumes between the two nations.
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Azerbaijan is accelerating its transition to green energy through the coordinated efforts of its "Green Energy Zone" task force, which recently held its latest hybrid meeting to review progress and outline future priorities. The Ministry of Energy, reporting on Wednesday’s session, emphasized the task force's central role in implementing the 2022–2026 Socio-Economic Development Strategy, a cornerstone of Azerbaijan’s ambitions for sustainable growth.
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AzerGold, Azerbaijan’s state-owned mining company, is pursuing opportunities for strategic collaboration with Turkish firms in Africa as part of its efforts to expand its presence in the global mining sector. Recent talks between Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, and Şebnem Cenk, Head of the West and Central Africa Department at Turkey's Ministry of Foreign Affairs, highlighted the potential for a mutually beneficial partnership.
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