From January to August 2012 SOCAR extracted 5,494,000 tons, down by 2.5% against the same period last year.
According to SOCAR, in January they extracted 706,638 tons of oil, in February - 660,942 tons, in March - 660,900 tons, in April - 684,300 tons, in May - 700,900 tons, in June - 678,500 tons, in July - 700,900 tons and in August - 701,800 tons.
From January to August 2012 oil and gas producing companies of SOCAR extracted 4,567,000,000 cub.m. of gas, increased by 18.29 million cub.m. or by 0.4% against the same period last year.
In August 2012 SOCAR extracted 572.3 million cub.m. of gas.
According to the forecasts, in 2012 Azerbaijan will extract 28.8 billion cub.m. of gas. Of this volume 8 billion cub.m. will be gas from the offshore gas condensate field Shah-Deniz, 13.1 billion cub.m. associated gas from Azeri-Chirag-Guneshli fields and 7.18 billion cub.m. will fall to SOCAR.-0-
Economics
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A new desalination plant to produce drinking water is set to be built in Sumgait, Azerbaijan, as part of a project aimed at meeting increasing water demands in Baku and the Absheron Peninsula. The project was announced on November 5 during a bid-opening ceremony for proposals submitted in a tender for the plant’s development, according to the Turan news agency.
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Heydar Aliyev International Airport (GYD) has solidified its role as a critical transit hub for Azerbaijan, connecting Baku to over 80 international destinations across more than 30 countries. With routes linking major European cities like London, Paris, and Rome, as well as strategic points in the Middle East, Central, and South Asia, the airport has become central to Azerbaijan’s tourism and transit expansion.
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Azerbaijan's Energy Minister Parviz Shahbazov has traveled to Italy to participate in the inaugural ministerial meeting of the World Fusion Energy Group (WFEG), scheduled for November 6, 2024, in Rome. The event will be co-chaired by Italian Prime Minister Giorgia Meloni and International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi.
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Azerbaijan has introduced a new national standard for Environmental, Social, and Corporate Governance (ESG), officials announced during a briefing organized by the Small and Medium Business Development Agency (KOBİA) at the “Baku SME House.” The event featured Ilham Bayramov, Director General of the Azerbaijan Institute of Standardization (AZSTANDART), and Natig Hasanov, First Deputy Chairman of KOBİA, who provided media representatives with detailed information on the standard's benefits for businesses.
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