This year it is planned to extract 10.1 cub.m. of natural gas from the Shah Deniz field, reads the article by Azerbaijani Energy Minister Natig Aliyev.
Gas extraction from the Shah Deniz gas condensate field started in November 2006. Since that time annual production volume never exceeded 9.9 billion cub.m.
Minister added that in 2015 9.9 billion cub.m. of gas was extracted from the Shah Deniz contract area.
The extracted gas is supplied to SOCAR (for Azerbaijan), BOTAS (Turkey), GIOC (Georgia) and BTC Co (for the compressor stations of Baku-Tbilisi-Ceyhan oil pipeline).
The Shah Deniz project partners include BP (operator with 28.8%), Petronas (15.5%), SOCAR (16.7%), LUKoil (10%), NICO (10%) and TPAO (19%). –0--
Economics
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During a press conference in Baku on Friday, Deputy Minister of Digital Development and Transport of Azerbaijan, Rahman Hummatov, highlighted the country's significant achievements and future plans in transport infrastructure.
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Azerbaijan's Ministry of Emergency Situations has announced amendments to several regulatory documents in compliance with the country's updated administrative procedure law. The decision, signed by Minister Kamaladdin Heydarov, aims to streamline operations and enhance alignment with the nation's e-Government framework.
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President Ilham Aliyev's recent move to consolidate state-owned transport and telecommunications companies under the newly established holding AZCON is being interpreted as a step toward eventual privatization, according to Osman Gunduz, head of the Multimedia Association and a prominent industry expert.
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