From January to October 2015 Azerbaijani gas export from the Shah Deniz Phase 1 totaled 4.8 billion cub.m., while gas export to Georgia – 550 million cub.m, said SOCAR Senior Vice President.
“Since beginning of gas export from the Shah Deni field till November 1, 2015 36 billion cub.m. of Azerbaijani gas was exported to Turkey and 4.8 billion cub.m. to Georgia. Daily gas export to Georgia is 4 million cub.m., while to Turkey is 18 million cub.m.,” said Yusifzada.
The contracts on gas sale from the Shah Deniz Phase 2 have been concluded between Turkey, Azerbaijan and Georgia. BTC Co company also buys gas to ensure work of the compressor stations of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline.-0—
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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