Gas production on Shah-Deniz field increased by 26.8%
During 2013 BP-Azerbaijan company extracted 9.8 billion cub.m., of natural gas from the Shah-Deniz field (about 345.5 billion cub. feet) and 2.48 million tons (about 19.6 million barrels) of condensate.
26.8 million cub.m. (946 million cub. feet) and 53,740 barrels of condensate a day was extracted.
In 2012 7.73 billion cub.m. of gas (about 273 billion cub. feet) and 2 million tons (16.1 million barrels of condensate) was extracted from the Shah-Deniz field.
Daily gas production totaled 21.1 million cub.m. (754.4 million cub. feet) and 44,100 barrels of condensate.
Thus, in 2013 gas production on Shah-Deniz increased by 2.07 billion cub.,. or by 26.8% against 2012. Condensate production increased by 480,000 tons or by 24%.
A source from BP-Azerbaijan company told Turan that since beginning of the Shah-Deniz field operation in 2006 till the end of 2013 47.3 billion cub.m. (1,671,000,000 cub. feet) of gas and about 12 million tons (99.5 million barrels) of condensate has been extracted.
* The Shah-Deniz shareholders are BP (operator with 28.8%), SOCAR (16.7%), Statoil (15.5%), LUKoil (10%), NICO (10%), Total (10%) and TPAO (9%). –0--
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review