In 2013 SOCAR received about 2.2 billion cub.m. of free gas as a part of contract of the century
During 2013 BP-Azerbaijan company delivered 2.19 billion cub.m. of associated gas, which was extracted from the Azeri-Chirag-Guneshli (ACG) bloc of fields, from the Sangachal terminal to SOCAR free of charge in line with the conditions of the production sharing agreement (PSA), reads the BP-Azerbaijan company’s report for year 2013.
BP-Azerbaijan reported that last year it was planned to deliver 1.24 billion cub.m. of gas. SOCAR received in average 6 million cub.m. of gas a day.
During 2012 BP-Azerbaijan delivered 3.4 billion cub.m. of associated gas from ACG to SOCAR against the plan of 3 billion cub.m.. 9.2 million cub.m. of associated gas a day was delivered to SOCAR.
The reason of reduction of delivery of associated gas is that the international consortium uses more gas for technical purposes and injects gas into the wells to maintain the bed pressure. From now on the Azerbaijani side will receive less free associated gas from the ACG towards the end of the contract.—0—
Economics
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
-
Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
-
Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
Leave a review