How much oil and condensate did BP-Azerbaijan extract in 2013?
According to the Azerbaijan State Statistical Committee, during 2013 Azerbaijan extracted 43,083,300 tons of oil and condensate, up 0.2% against 2012.
Yesterday Turan published SOCAR’s oil and condensate production data in 2013, without taking into consideration of BP-Azerbaijan company’s operations (Azeri-Chirag-Guneshli (ACG) oil bloc and Shah-Deniz gas condensate field) – 8,314,400 tons of oil against 8,242,500 tons in 2012.
These data could be used to calculate production of liquid hydrocarbons by BP-Azerbaijan in 2013 - 34,768,900 tons.
According to BP-Azerbaijan company, during 2013 production of condensate from the Shah-Deniz field remained 54,000 barrels a dat. This means that last year 2,266,500 tons of condensate was extracted from the Shah-Deniz field. Then BP-Azerbaijan could extract 32,502,400 tons from the ACG contract area.
During 2012 BP extracted 32.9 million tons of oil on ACG and 2 million tons of condensate from Shah-Deniz.
BP-Azerbaijan company will release its statistics for year 2013 in early March 2013.—0-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review