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 began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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