From January to May 2016 Azerbaijan exported 2,735,042,000 cub.m. of gas as a part of the Shah Deniz-1 project, down 1.2% against the same period in 2015, according to the Turkish Council of the Energy Market Regulation (EPDK).
According to the same source, in May 2016 Azerbaijan exported 475.76 mcm of gas to Turkey. During this period 16.4% of gas was exported to Turkey from Azerbaijan and the remaining volume was exported by Iran and Russia.
According to the EPDK, in 2015 Azerbaijani gas export to Turkey totaled 6,168,068,000 cub.m.—0—
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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