State Oil Company of Azerbaijan (SOCAR) has started liquidation of the leakage on two sections of the Hajigabul-Mozdok gas pipeline.
SOCAR reported that the leakage was detected on 206 and 287 km sections of the gas pipeline. The repair works are carried out by SOCAR’s Gas Export Department.
The same source said that Azerbaijani gas export to Russia was suspended, because in seven sections the Hajigabul-Mozdok gas pipeline crosses the Gandob-Khachmas-Yalama-Russian border highway.
“The highway is being built by Azerinshaatservice, owned by the Azerbaijan Transport Ministry. The pressure on the pipeline was reduced to 12 atmospheres to ensure safe repair operations on the above-mentioned sections. For this reason gas deliveries to Russia were suspended,” said the same source.
It was earlier reported referring to the Russian Central Dispatcher Department of the fuel-energy complex that since January 13, 2014 Azerbaijan has suspended gas deliveries to Russia. Before suspension the deliveries totaled 3 million cub.m. a day. Gasprom reported that the reason of suspension and the term of resumption of deliveries was not announced by Azerbaijan.
SOCAR reported that it has sent an official letter to Russia notifying about suspension of gas export, because of the repair works started on the Baku-Russian border highway. The term of completion of the works and resumption of gas deliveries to Russia is yet to be specified.
Azerbaijani gas is among the sources of gas supply of Dagestan. During 2013 Azerbaijan delivered to Russia 1.37 billion cub.m. of gas.—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