During 6 months, 2012 average daily production on the Azeri-Chirag-Guneshli (ACG) totaled 684,000 barrels. The production dropped by 91,700 barrels or 11.8% against the same period last year, reads the semi-annual report of BP-Azerbaijan company (operator of ACG development) released in Baku.
According to the report, from January to June 2012 124.5 million barrels (16.8 million tons) of oil was produced on the contract area. During the same period last year the international consortium produced 140.4 million barrels of oil (19 million tons).
At present the consortium carries out production on ACG using five stationary platforms, which were installed on the sea depth between 120 and 160 meters. During 6 months, 2012 Western Azeri has become the most productive platform. In average 186,000 barrels of oil a day was produced on 13 operation wells.
During 6 months, 2012 827,600 barrels of oil a day was produced within the "Contract of the Century."-0-
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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