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’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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