Last Friday the Managing Committee of the Azerbaijan International Operation Company (AIOC), which is involved in development of Azeri-Chirag-Guneshli (ACG) offshore fields development (operated by BP), had a session in Baku, Rovnag Abdullayev, President of State Oil Company of Azerbaijan (SOCAR), said.
He said results of the AIOC activities in 2013 were discussed at the session. “We are satisfied with the AIOC activities last year: at first – we had success in the production area (it was stabilized) and secondly, Chirag Oil Project was successfully completed,” said SOCAR President.
Abdullayev also added that at the session the sides have considered the AIOC’s goals for this year.
BP-Azerbaijan President Gordon Birrell said earlier that during 2013 ACG extracted 32.5 million tons of oil. Production of the first oil within the framework of Chirag Oil Project started on January 28, 2013. This year we expect to extract additional 3 million tons of oil from this project. However, production on ACG will go down, because extraction will be completely suspended on Central Azeri and Western Azeri platforms for several weeks for repair.—0-
Economics
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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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.
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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.
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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.
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