During 2014 298.5 million barrels of oil was exported from the Sangachal oil terminal via the pipelines and by railway against 286.2 million barrels of oil exported in 2013, reads the BP-Azerbaijan company’s report about results of activities in Azerbaijan in 2014.
Of total volume 260 million barrels of oil was exported from the terminal via the Baku-Tbilisi-Ceyhan (BTC) oil pipeline, 31.4 million barrels via the Baku-Supsa pipeline, 5.3 million barrels was exported by railway and 1.84 million barrels of condensate was exported via BTC.
In 2013 286.2 million barrels of oil was exported from the Sangachal terminal via pipelines and by railway against 282.9 million barrels in 2012.
At present total capacity of the technical refining systems of the terminal is 1.2 million barrels of oil a day and for gas from the Shah Deniz field – 29.5 million cub.m. a day (together with associated gas from the bloc of oil and gas fields Azeri-Chirag-Guneshli (ACG) total capacity of processing of the terminal is 49.3 million cub.m. a day).—0--
Economics
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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