In 2013 in average 655,370 barrels of oil a day or total of 239 million barrels (32.2 million tons a year) is extracted from the Chirag, Central Azeri, Eastern Azeri, Western Azeri and deep-water Guneshli platforms on the Azeri-Chirag-Guneshli (ACG) field, a source from the BP-Azerbaijan company (ACG operator) told Turan.
In 2012 234 million barrels or 32.9 million tons of oil was extracted on the ACG offshore bloc.
Therefore, during 2013 oil production on ACG dropped by 2.1%.
* The shares in ACG are distributed as following: BP - (35.8%), SOCAR (11.6%), Chevron (11.3%), Inpex (11%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), Itochu (4.3%) and ONGC Videsh Ltd (OVL) (2.7%). –0--
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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