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
-
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