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
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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