During 6 months, 2012 Azerbaijan has got 2 billion 93 million cub.m. of associated gas from BP-Azerbaijan company within the framework of implementation of Azeri-Chirag-Guneshli (ACG) field, reads the BP-Azerbaijan report.
According to the PSA signed on September 20, 1994, the associated gas is provided to SOCAR for free (majority part of the associated gas is injected back into the oil wells to maintain strata pressure).
From January to June Azerbaijan received 1.9 billion cub.m. of associated gas or 10.5 million cub.m. a day, but during 6 months this year this volume increased by 1 million cub.m. or by 10.9%.
The report also reads that the plan of associated gas delivery for year 2012 is almost 3 billion cub.m. In 2011 BP-Azerbaijan provided 3.3 billion cub.m. of associated gas to Azerbaijan free of charge. The associated gas delivery decreased by 137 million cub.m. against 2010. The reduction of volume was connected with increase in the volume of gas injected into the oil wells.-0-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review