In 2014 Azerbaijan plans to extract over 17 billion cub.m. of tank gas
Next year gas production in Azerbaijan is planned to total 27,364,000,000 cub.m., according to the draft budget, which is currently under consideration in Milli Mejlis.
This equals to this year’s level. The volume of tank gas is not mentioned in the document. However, it will most likely remain the same as this year – 17.3 billion cub.m. 7 billion cub.m. will fall to production by State Oil Company of Azerbaijan (SOCAR), 2.5 billion cub.m. – to the associated gas from the Azeri-Chirag-Guneshli (ACG) fields and the remaining volume – to the Shah-Deniz consortium.—0—
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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